Non-compete provision definition

Non-compete provision means a provision in a written agreement or a
Sample 1Sample 2Sample 3
Non-compete provision shall have the meaning set forth in Section 14(b).
Sample 1Sample 2
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".
Sample 1Sample 2

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.
Sample 1
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.
Sample 1
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:
Sample 1
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:
Sample 1
Non-compete provision means a term of a written agreement between an
Sample 1
Non-compete provision means a provision of a written agreement between
Sample 1

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-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.

  • Employment Agreement has the meaning specified in the recitals to this Agreement.

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

  • 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.

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

  • Nondisclosure Agreement shall have the meaning set forth in Section 5.1(a) hereof.