Examples of Non-Compete Covenant in a sentence
You may request from Employer at any time its view on whether a proposed activity or investment by you will breach the Non-Compete Covenant by giving Employer written notice of the details of such activity or investment, and Employer will respond to your inquiry within five (5) business days of its receipt of such notice.
Your giving notice shall not be deemed an admission by you that the proposed activity or investment would violate the Non-Compete Covenant.
Employer’s view as conveyed to you that the proposed activity or investment will not breach the Non-Compete Covenant shall be binding on it to the extent that the activity or investment does not exceed what was described in the notice.
You may request from Employer at any time its view on whether a proposed activity or investment by you will breach the Non-Compete Covenant described in paragraph 8(a) and/or the Non-Solicit Covenant described in paragraph 8(b) by giving Employer written notice of the details of such activity or investment, and Employer will respond to your inquiry within ten (10) business days of its receipt of such notice.
I understand that in determining whether or not it will elect to enforce the Non-Compete Covenant, the Company shall determine, in good faith, whether or not such enforcement is necessary in order to protect its business interests, goodwill, Proprietary Information, Intellectual Property Rights and Inventions.
Upon the acceptance by the Participant of the cash payable following the vesting of Share Units hereunder, the Participant shall be deemed to represent that the Participant has not engaged in nor has any intention of engaging in any action that would constitute a violation of the Restrictive Covenants or any Non-Compete Covenant.
If the Company elects to enforce such Non-Compete Covenant, I agree that I will decline the employment.
I further understand that if I do not receive a Non-Compete Election Notice within the required seven days, the Company is not electing to enforce the Non-Compete Covenant.
If the Company elects to enforce such Non-Compete Covenant and I do not comply with my obligations and decline the employment, I understand that I will be in breach of this Agreement and will be liable to the Company for any and all damages to which it may be entitled, including injunctive relief enjoining me from working for such potential employer.
Participation in the management of any business operation other than in connection with the management of a business operation that is in competition with the Company or its subsidiaries or affiliates or any successor or assign thereof shall not be deemed to be a breach of the Non-Compete Covenant.