Non-Competition Covenant definition

Non-Competition Covenant means that Executive shall not, without the written consent of the Bank, either directly or indirectly become an officer, employee, consultant, director, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank or any of their direct or indirect subsidiaries or affiliates that has a headquarters, or one or more offices, within the New York Counties of Dutchess, Putnam, Sullivan, Westchester, Rockland, Orange or Bronx, or the Connecticut County of Fairfield.
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Non-Competition Covenant means the terms and promises set forth in Paragraph 2(f).
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Non-Competition Covenant has the meaning set forth in Section 3.2.2.
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Examples of Non-Competition Covenant in a sentence

  • Accordingly, the Non-Competition Covenant shall be deemed to have the duration specified in this paragraph (a) computed from the date the relief is granted but reduced by the time between the period when the Restrictive Period began to run and the date of the first violation of the Non-Competition Covenant by the Covered Executive.

  • If the Covered Executive violates the Non-Competition Covenant and the Employer brings legal action for injunctive or other relief, the Employer shall not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Non-Competition Covenant.

  • The obligations in this section shall continue beyond the Duration of the Non-Competition Covenant.

  • If the Company waives the Non-Competition Covenant, then the Executive shall not be entitled to any payments pursuant to Section 13(d).

  • The foregoing Non-Competition Covenant shall not prohibit a Covered Executive from owning, directly or indirectly, capital stock or similar securities which are listed on a securities exchange which do not represent more than five percent of the outstanding capital stock of any corporation.


More Definitions of Non-Competition Covenant

Non-Competition Covenant shall have the meaning set forth in Section 8.01.
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Non-Competition Covenant means the covenant of Weatherford set forth in Section 4.5 of this Agreement. “Non-U.S. Plan” has the meaning set forth in Section 3.1.23(c).
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Non-Competition Covenant. As defined in Section 3.3(b)(iii) and as set ------------------------ forth in Section 3.5.
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Non-Competition Covenant has the meaning given to it in Section 8.
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Non-Competition Covenant means the terms and promises set forth in Section 6(f) hereof.
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Non-Competition Covenant set forth in Section 10 of the Employment Agreement was intended to bind Xx. Xxxxxxxx following his separation of employment, and therefore, acknowledges and agrees that the terms of Section 10 of the Employment Agreement, the terms of which are hereby incorporated in this Agreement by this reference and made a substantive part hereof, remain, and shall remain, in full force and effect notwithstanding the termination of his employment with the Company.
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Non-Competition Covenant means the covenant of Weatherford set forth in Section 4.5 of this Agreement.
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