Covenant not to compete definition

Covenant not to compete means a covenant or agreement, including a provision of a contract of

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Covenant not to compete means an agreement:

Covenant not to compete means a covenant or agreement, including a provision of a contract of employment, between an employer and employee that restrains, prohibits, or otherwise restricts an individual's ability, following the termination of the individual's employment, to compete with his former employer. A "covenant not to compete" shall not restrict an employee from providing a service to a customer or client of the employer if the employee does not initiate contact with or solicit the customer or client.

Examples of Covenant not to compete in a sentence

Should you violate this Covenant not to compete, any amounts otherwise due you pursuant to this Agreement shall be forfeited, and any amounts previously paid hereunder shall be refunded by you to the Bank.
Any party(ies) to whom warrants or their underlying shares are assigned shall be bound by this Covenant not to compete.
Notwithstanding anything contained herein to the contrary, the Mutual Covenant not to compete shall not preclude a Party from practicing within its Scope of Product nor shall it preclude any Party from permitting a Third Party to compete within its Scope of Product.
It was a mandatory and material condition imposed by the Company and DYI for Employee to enter into this Agreement in connection with the Merger Agreement, the Success Fee Agreement and the other Merger Documentation by the Company and DYI in exchange for the Non-Compete Covenant not to compete contained herein, and in consideration of those agreements and the consideration provided for thereunder and herein.
Covenant not to compete agreements in favor of the Buyer in substantially the form attached hereto as Exhibit B (the “Covenant Not to Compete Agreement”) executed by each of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇.

More Definitions of Covenant not to compete

Covenant not to compete. The restrictions described in Section 1(a) are intended to cover geographic territory where your knowledge of the Corporation’s trade secrets could be used by a Restricted Company to unfairly compete with or undermine the Corporation’s legitimate business interests.

Covenant not to compete. During the Executive’s employment and for a period of two (2) years following the last day of the Executive’s employment, the Executive will not, directly or indirectly, compete with the Company by acting “in a competitive capacity” (as defined in Section 8.2(c)), whether as an individual, partner, or joint venturer, for, or on behalf of, any person or entity operating or developing the same or similar business as the Company within any Metropolitan Statistical Area (as defined under applicable regulations of the Census Bureau of the U.S. Department of Commerce) in which the Company has a business location or in which the Company is engaged in real estate site selection. Entities (including the affiliates of such entities) engaged, or which could become engaged, in the same or similar business as the Company include, but are not limited to: Sonic Automotive, Inc.; Lithia Motors, Inc.; Group 1 Automotive, Inc.; UnitedAuto Group; AutoNation, Inc.; Penske Motors; ▇▇▇▇▇▇ Automotive Group; Price One; ▇▇▇▇▇▇▇▇ Automotive Group; CarMotive; Saturn Group; Hertz; Enterprise; and any automotive retail operation affiliated with, owned, operated, or controlled by Home Depot, Inc., ▇▇▇▇’▇ Companies, Inc., Target Corporation, Wal-Mart Stores, Inc., Sears, ▇▇▇▇▇▇▇ and Company, Carrefour, Costco Wholesale Corporation, Royal Dutch/Shell Group of Companies, Exxon Mobil Corporation, ChevronTexaco Corp., or Gulliver International Co., Ltd.

Covenant not to compete means an agreement between an

Covenant not to compete also means an agreement between

Covenant not to compete means a covenant or agreement, including a

Covenant not to compete is defined in Section 5.10.

Covenant not to compete means, collectively, the covenants of Seller set forth in Section 10.5 hereof.