Non-Compete Period definition

Non-Compete Period means the period commencing on the Effective Date and ending twelve months after the earlier of the expiration of the Employment Period or the Executive’s Date of Termination.

Non-Compete Period shall have the meaning set forth in Section 5.6(a).

Non-Compete Period means the period commencing on the Grant Date and ending twelve (12) months after the termination of the consulting arrangement unless the consulting agreement specifies a different time period.

Examples of Non-Compete Period in a sentence

• If the Company elects to extend the Non-Compete Period, Employee agrees that, during each Extended Non-Compete Period, Employee shall be bound by the restrictions set forth in Section 8(b) in the same manner applicable during the Non-Compete Period.

• In the event the Company waives or reduces the Non-Compete Period, the Company will make a payment equal to Employee’s monthly Base Salary for the duration of the revised Non-Compete Period.

• The Company has the right, at its discretion, to waive Employee’s Non-Compete Covenant and/or terminate or reduce the Non-Compete Period, whether in whole or in part.

• The Company has the right, at its discretion, to extend the Non-Compete Period for up to three additional sequential periods of one year each (each, an “Extended Non-Compete Period”), with the first such period commencing immediately following the end of the Non-Compete Period.

• If the Company exercises this option to extend the Non-Compete Period, the Company will pay Employee “Additional Non-Compete Payments” consisting of, for each month of the relevant extension period, an amount equal to the monthly amount of Employee’s Base Salary as of the Date of Termination in accordance with the Company’s payroll procedures on its normal payroll dates.

More Definitions of Non-Compete Period

Non-Compete Period shall have the meaning set forth in Section 9.3(a).

Non-Compete Period has the meaning given in Section 7.

Non-Compete Period means the period commencing on the Effective Date and ending twenty-four (24) months following the termination of the Executive’s employment with the Company.

Non-Compete Period means the period beginning on the Closing Date and ending on the fifth anniversary of the Closing Date.

Non-Compete Period means the period commencing on the Grant Date and ending twelve (12) months after the Participant’s date of termination of employment.

Non-Compete Period means the period commencing on the Effective Date and ending twenty-four (24) months following the termination of the Executive’s employment with the Company for any reason.

Non-Compete Period means the period ending on the first anniversary of his Date of Termination. The Executive acknowledges that the services provided by the Executive are of a special, unique, and extraordinary nature. The Executive further acknowledges that his work and experience with the Company will enhance his value to a Competitive Business, and that the nature of the Confidential Information to which the Executive has immediate access and will continue to have access during the course of his employment makes it difficult, if not impossible, for him to engage in any Competitive Business without disclosing or utilizing the Confidential Information. The Executive further acknowledges that his work and experience with the Company places him in a position of trust with the Company.