Non-Compete Covenants definition

Non-Compete Covenants through the later of the final and last vesting date to occur with respect to such Eligible RSAs and the restrictive covenant restricted period specified in the Award Agreement and the Stock Incentive Plan (the “Continued Vesting Restricted Period”) and compliance with Section 3.8, provided that, in the event that the Non-Compete Covenants cease to be valid and enforceable, as determined in the reasonable discretion of the Company, the continued vesting of the Eligible RSAs shall cease and in lieu thereof a pro rata portion of the time-vested Eligible RSAs that are unvested as of the date of such determination shall vest immediately. For purposes of this Section 3.1(e) and Section 3.2, the term “pro rata portion” shall mean a number of Eligible RSAs equal to the product of (i) a percentage, when expressed as a fraction, which has a numerator equal to the number of days from and including the Grant Date of such Eligible RSAs through and including the date of such determination and a denominator equal to the number of days from and including the Grant Date of such Eligible RSAs through and including the final vesting date applicable to the Eligible RSAs, multiplied by (ii) the number of Eligible RSAs that are unvested as of the date of the determination by the Company. Any remaining time-vested Eligible RSAs subject to any Unvested Tranches shall be forfeited as of the date that the pro rata vesting acceleration contemplated under this Section 3.1(e) becomes effective; and (f) other than with respect to time-vested Eligible RSAs, immediate vesting of a pro rata portion (as defined below) of any installment of time-vested restricted stock units (“RSUs”), time- vested restricted stock awards (“RSAs”), and time-vested options granted under the Stock Incentive Plan
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Non-Compete Covenants is defined in Section 7.7.
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Non-Compete Covenants has the meaning set forth in Section 6.6(b).
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Examples of Non-Compete Covenants in a sentence

  • If Executive fails to comply with the Non-Compete Covenants, then Executive shall not be entitled to any such severance benefits.

  • The Company shall notify Executive in writing no later than the expiration of the sixty-day period whether it elects to enforce the Non-Compete Covenants.

  • If the Company does not elect to enforce the Non-Compete Covenants, the Executive shall not be entitled to such severance benefits under Sections 5(c) or (d).

  • If NationsHealth exercises this option, Aegis will be permitted to lease the Capacity not used by NationsHealth to any person that does not violate Aegis Non-Compete Covenants contained in Section 11.

  • If the Company elects to extend the Non-Compete Covenants, the provisions of this Section 4 shall remain in effect through the completion of any such extension period.

  • If you violate any provision of the Non-Compete Covenants, you agree to pay the Company, upon demand, an amount equal to 60% of the value realized by you from this Award, disregarding the amount of any federal or state taxes you paid (the “Repayment Amount”).

  • For the avoidance of doubt, the Company’s duty to defend, indemnify and hold Executive harmless, as set forth in and subject to the limitations of the preceding sentence, shall apply only to any claim that Executive’s employment by the Company as contemplated herein is a breach of the Non-Compete Covenants.

  • If, at any time, no Employment Agreement is then in effect between you and the Company, the Non-Compete Covenants as in effect immediately prior to the termination of such Employment Agreement shall remain in effect for purposes of this Agreement.

  • If the Company does not elect to enforce the Non-Compete Covenants, Executive shall not be entitled to such severance benefits under Sections 5(c).

  • Sellers shall use its reasonable efforts to identify to Buyer those material Contracts containing Non-Compete Covenants within ten (10) Business Days following the date of this Agreement.


More Definitions of Non-Compete Covenants

Non-Compete Covenants means the covenants in favor of Purchaser and its Affiliates entered into by the Equityholders, Seller and NexCoil pursuant to Sections 7.4 and 7.5 of this Agreement.
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Non-Compete Covenants shall have the meaning ascribed thereto in Section 2.11(a).
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Related to Non-Compete Covenants

  • Non-Compete Agreement means that certain Non-Compete Agreement between the Company and the Executive in substantially the form attached hereto as Exhibit B.

  • Non-Compete Agreements shall have the meaning provided in Section 5.05.

  • Non-Compete Term means in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.

  • Non-Competition Period means the time of the Employee’s employment and a period of 12 months following the termination of the Employee’s employment for any reason.

  • Restrictive Covenant has the meaning set forth in Section 6(c).