Non-Circumvention means that during the term of this agreement:
Non-Circumvention. USLB agrees that all information relating to potential business opportunities identified by PLP and the contacts identified by PLP relating to such opportunities are Confidential Information and will not be shared by USLB with any other party without advance written consent of PLP. The Parties agree that any transaction with any such contact without the participation of PLP before or after termination of this Letter Agreement must include competitive compensation for PLP.
Non-Circumvention. The Och-Ziff Group and DSO will be bound by non-circumvention restrictions prohibiting the Och-Ziff Group from taking actions that would otherwise be inconsistent with the terms and intent of this Term Sheet. • Notwithstanding the foregoing, nothing in this Term Sheet will limit or otherwise modify any of DSO’s contractual rights or any of DSO’s rights as a shareholder of OZ (including, without limitation, the consent and other rights relating to DSO’s preferred securities) that are not expressly to be modified or amended pursuant to this Term Sheet. Without limiting the foregoing, except as expressly modified by this Term Sheet, the terms of that certain “Governance Terms” term sheet, dated January 27, 2018, shall remain in full force and effect. TAX CLASSIFICATION Och-Ziff intends to change its tax classification from a partnership to a corporation effective December 31, 2018; provided that (i) there can be no assurance that such date will be achieved and (ii) Och-Ziff will make a public filing confirming the actual date of effectiveness on or before December 31, 2018. • There will be a 20% reduction of annual compensation to certain executive managing directors. • Subject to Section 409A of the Internal Revenue Code of 1986, as amended, the remainder will be subject to vesting and be awarded to certain executive managing directors (except X. Xxxxx & X. Xxxxxx, whose compensation splits will remain consistent with the splits in their current contracts) as follows: 75% in cash (breakpoints and lower cash % for higher comp levels); and 25% in RSUs and/or DFIs, with the percentages to be awarded in RSUs and DFIs to be decided annually and approved by the Compensation Committee. • The 2018 Partner Incentive Pool will be extended to continue during the Distribution Holiday, provided that the Partner Incentive Pool shall not be on terms more favorable than those approved by the Compensation Committee of the Board in July 2018. • Xxxxx Xxxxx will commit to a two (2) year non-compete that steps down to one (1) year on January 1, 2022. • Xxxxx Xxxxx, Xxx Xxxx and Xxxxx Xxxxxx will each commit to a two (2) year non-compete that steps down to one year (1) on January 1, 2021. • Xxx Xxxxxx to continue with his non-compete: two (2) year non-compete that steps down to 18 months at the conclusion of the term of his contract (February 5, 2022). • The senior investment professionals named on Schedule 4 will each commit to a two (2) year non-compete that steps down to one ...
Examples of Non-Circumvention in a sentence
A sample of Non-Circumvention, Non-Disclosure & Working Agreement (NCNDA).
If you use the Site as an employee, agent, or representative of another business, then the Non-Circumvention Period applies to you and other employees, agents, or representatives of the business when acting in that capacity with respect to the other User.
For the avoidance of doubt, if you, or the business you represent, did not identify and were not identified by another party through the Site, such as if you and another User worked together before meeting on the Site, then the Non-Circumvention Period does not apply.
For the avoidance of doubt, if you, or the business you represent, did not identify and were not identified by another person through the Site, such as if you and another User worked together before meeting on the Site, then the Non-Circumvention Period does not apply.
If you use the Site as an employee, agent, or representative of another business, then the Non-Circumvention Period applies to you and other employees, agents, or representatives of the business or its successor when acting in that capacity with respect to the other User.
More Definitions of Non-Circumvention
Non-Circumvention means that for any Established Product SKU or for any New Product SKU in which Company has not refused to produce under its right of first refusal, in which AltLabs is capable of manufacturing and packaging in-house, ASD and its members Kevin and Jenny Thomas individually, will not, whether on ASD’s or its member’s own behalf or on behalf of any third party, directly or indirectly, solicit or sell to Original Customers the manufacturing or packaging services offered by any other entity.
Non-Circumvention. Neither the seller’s broker nor the buyer’s broker would contact each other client directly without the written permission of the broker concerned for the period of 36 months. CONFIDENTIALITY: Co-broker would act and promote the sale in a very discreet and confidential manner so as not to hurt the seller’s operating interest. Xxxxx’s broker would not put the property on any web site neither would the co-broker introduce the sale to another broker without the prior permission from the With Times Commercial Realty BUYER’S QUALIFICATION: It would be co-broker’s responsibility to qualify his respective buyer for the acquisition of the said property. MARKETABILITY: Both the brokers understand that the property/properties introduced to him could be withdrawn from the market by the seller with or without prior notice to the brokers. LICENISNG: Both the Brokers are duly licensed in respective state of their primary operations.
Non-Circumvention. Neither Co-broker nor his/her client would circumvent With Times Commercial Realty for its financial and agency interest which would result co-broker and his/her firm responsible for the lost financial interest of the With Times Commercial Realty.
Non-Circumvention means that each party shall not, without the prior knowledge or consent of one another party, contact, approach, conflict, solicit, negociate, cross over, cut off or discuss business pertaining to any dealings or business transactions now or in the future as relating to any business opportunities with protected customers or suppliers of the Introducer in paragraph 2 above. Each party hereby agree to immediately terminate all contacts, communications, transactions or any form of acts with protected customers or suppliers of the Introducer at the request of the Introducer in oral or written notice.
Non-Circumvention. The “Parties” hereby acknowledge and agree not to circumvent, or allow any other representatives, related entities, affiliates, other persons or “Sources” to circumvent the efforts of another one of the Parties for the purpose of the denial of fees due and payable under the terms of any AGREEMENT or any subsequent agreement. No “Party” will negotiate directly with any of the other “Parties” “Sources” without the knowledge, consent and participation of the “Introducing Party”.
Non-Circumvention. Any potential Investor or Strategic Partner (a Xxxxxx Client) to whom Xxxxxx introduces CacheStream shall be considered, for purposes of this Agreement, the property of Xxxxxx ("Xxxxxx Client"). In the event that CacheStream enters into a Covered Transaction with a Xxxxxx Client for a period of 60 months from the date of written confirmation of introduction of said Xxxxxx Client, CacheStream agrees to pay to Xxxxxx a fee as stated above at the time of closing. No Obligation: CacheStream may, in its sole and absolute discretion, choose not to close any Covered Transaction with any Xxxxxx Client. CacheStream shall have no obligation to pay Xxxxxx any fees or issue any Stock or warrants to Xxxxxx to the extent CacheStream rejects such Covered Transaction. Warrants Warrants referenced herein shall have piggyback Referenced in this registration rights and shall have a 5-year term.
Non-Circumvention means that during the term of this Agreement: a. SAI shall not solicit any officer, director, employee or associate of ADVISORS for any type of business relationship without notifying ADVISORS. b. SAI will notify ADVISORS if it makes any contact with, communicates with, deals with or otherwise becomes involved in any transaction(s) with any person, entity, association, banking or lending institutions, trusts, Sovereign Trust, corporations, companies, or individuals, lenders or any third party which are, or were, directly or indirectly located, identified or introduced by ADVISORS to SAI. c. SAI will not engage in any effort to circumvent ADVISORS in an attempt to gain fees, commissions, remunerations, financing or considerations to the benefit of SAI or to exclude ADVISORS of such a benefit. d. SAI agrees that should discussions initially fail, for any reason, to result in a mutually acceptable licensing agreements, assignments and/or consulting and/or development agreements with any party or parties introduced by ADVISORS to SAI, but, subsequently, SAI is thereafter successful in reaching a licensing agreement with any such entity within two (2) years after the date of the initial introduction by ADVISORS, then any and all fees due to be paid to ADVISORS from any such transaction shall not be waived or forfeited by ADVISORS unless specifically stated in writing and agreed to by all PARTIES. e. SAI agrees that if any resulting transaction, which was initiated by ADVISORS, is subsequently presented by a third party to SAI, SAI will notify third party and ADVISORS of such presentation and that SAI has prior knowledge of such entity or person. SAI agrees that it will not, without first notifying ADVISORS, attempt to contact or solicit any party or parties introduced to SAI by ADVISORS for a period of two (2) years following the original introduction of such parties by ADVISORS, provided SAI established no beneficial or material business relationship with said party or parties during the term of this Agreement.