Non-compete provision definition

Non-compete provision shall have the meaning set forth in Section 14(b).
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Non-compete provision means a provision in a written agreement or a
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Non-compete provision. The undersigned "SMS" and each of its signing Members agree not to compete with "SMARTDATA", or commence, either as an individual or through a new entity, any operation that would be in direct competition with "SMARTDATA" and the licensed "Intellectual Properties" for a period of five (5) years from the date of execution of this "Agreement".
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Examples of Non-compete provision in a sentence

  • By the clear and explicit terms of the contracts between LFREI and ARV, as of December 1, 1997, ARV's Amended Consent Rights Provision and the Amended Non-Compete Provision terminated by operation of contract.

  • As stated in the cover letter to this Agreement, the Company has provided the Employee with written notice of its election to waive the provisions of Section 6 (Non-Compete Provision) of the Employee’s Employee Confidential Information and Invention Assignment Agreement (the “Covenants Agreement”) and the non-compete provisions set forth in Section A of the Stock Option Agreement.

  • The Company hereby further agrees that the attribution of a value to the Non-Compete Provision shall be made by a “Big Four” accounting firm selected by Executive; provided that if such accounting firm is also serving as accountant or auditor for the individual, entity or group effecting the change in control transaction, the Company and Executive shall appoint a different nationally recognized accounting or valuation firm per their mutual agreement.

  • Therefore, on December 1, 1997, by operation of contract, the Amended Non-Compete Provision (Section 5.1 of the Amended Stockholders Agreement) terminated and LFREI and its affiliates were free to invest in any other assisted living company without ARV's consent.

  • At the time that Kapson was identified as a potential investment, the Non-Compete Provision of the original Stockholders Agreement between LFREI and ARV was in place.

  • If Emeritus or any other party took control of ARV, either through an acquisition or a successful proxy fight, LFREI would have found itself in the unhappy position of being locked into an investment controlled by a stranger to the July transaction and, notably, to the Non-Compete Provision of Section 5.1 of the July 14, 1997, Stockholders Agreement.

  • Thus, in the revised transaction, the operation of the Amended Non-Compete Provision was clearly and explicitly linked to the Amended Kapson Agreement.

  • This severance payment will be conditioned on your execution and non­revocation (if applicable) of a release of claims in a form acceptable to the Company, as well as your compliance with the Non-Compete Provision set forth in Section 2.3 of the Supplemental Executive Retirement Agreement (SERP) between you and the Company, described in Paragraph 10 hereof.

  • Failing such mutual settlement, a dispute, controversy, difference or claim shall exclusively and finally be settled by confidential arbitration to be held in New York City, in accordance with the rules of the American Arbitration Association then in effect, except as discussed below in the section, "Enforcing the Non-Compete Provision." There shall be three arbitrators, one selected by Finder, one selected by Immtech and the third selected by the two so selected.

  • Payments shall be paid to Employee under the SERP in accordance with the terms thereof notwithstanding the provisions of Section 5.7.1 (relating to Non-Compete Provision), which are hereby expressly waived.


More Definitions of Non-compete provision

Non-compete provision shall have the same meanings as those terms are defined in D.C. Code § 32-581.01 and shall include any non-solicitation provisions that have the effect of prohibiting an employee from performing work for another for pay or from operating the employee’s own business.
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Non-compete provision means a provision in an agreement that restricts the right of a veterinarian or vet tech to provide veterinary care in the state.
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Non-compete provision means a provision in a written agreement or a workplace policy that prohibits an employee from performing work for another for pay or from operating the employee’s own business. The term “non-compete provision” does not include an otherwise lawful provision:
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Non-compete provision means a provision of a written agreement between an employer and an employee that prohibits the employee from being simultaneously or subsequently employed by another person, performing work or providing services for pay for another person, or operating the employee’s own business. The term “non-compete provision” does not include:
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Non-compete provision means a term of a written agreement between an
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Non-compete provision means a provision of a written agreement between
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Related to Non-compete provision

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

  • 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 period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

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

  • Noncompete Period shall have the meaning set forth in Section 9.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • Nonsolicitation Period means the Employment Period and a period ending six months after the Date of Termination.

  • Non-Competition Agreements has the meaning set forth in the Recitals.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Employment Agreement means each management, employment, severance, consulting, relocation, repatriation, expatriation, visas, work permit or other agreement, or contract between the Company or any Affiliate and any Employee.

  • Restrictive Period means the period beginning on the Effective Date and ending two (2) years after the termination of the Executive’s employment hereunder.

  • Restrictive Covenant Agreements is defined in the Recitals.

  • Covenant not to compete means an agreement:

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

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.

  • Separation Agreement has the meaning set forth in the recitals to this Agreement.

  • Consulting Period has the meaning assigned thereto in Section 14(f) hereof.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Nondisclosure Agreement shall have the meaning set forth in Section 6.2.