Non-Competition Restriction definition

Non-Competition Restriction means any contractual provision, or any restriction based on or arising from common law, that directly or indirectly restricts the ability or legal right of a Potential Employee to:
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Non-Competition Restriction means: the Executive shall not after termination of his employment, whether on his own behalf, or for any other person, firm, company, business entity or other organisation, be directly or indirectly employed or engaged in or perform services in respect of or be concerned with or interested in or accept a directorship of or hold any other office within any Competing Business in those geographical areas in which he was so involved, on behalf of the Company during the final 12 months of his employment.
Sample 1

Examples of Non-Competition Restriction in a sentence

  • You agree and understand the Company competes on a worldwide basis, having sales offices internationally that cover geographic areas all over the world, sells the majority of its volume outside the United States, and has multiple foreign competitors, and that this Non-Competition Restriction shall apply worldwide because, for all of these and other reasons, the disclosure of the Company’s Confidential Information would be competitively harmful to the Company.

  • The minimum pile-tip elevation for a pile footing shall be determined using the Q500scour elevation.

  • The Holder shall have rights as a shareholder with respect to Shares (including voting, dividend and liquidation rights) effective as of the Grant Date subject, however, to the Non-Competition Restriction and the transfer restrictions set forth in this Agreement and the Plan.

  • The non-transferability restriction applicable to the Shares under the Plan and the Non-Competition Restriction shall lapse on the Vesting Date.

  • The Non-Competition Restriction imposed upon SP will immediately terminate if DAS substantially ceases its activities in the Field.

  • Executive further agrees that, in the event he breaches any of the covenants set forth in this Paragraph, the term of Non-Competition Restriction will be extended for the length of time the Executive is in breach.

  • The parties agree that Section 8 (Non-Solicitation of Employees) of the Employment Agreement is amended by deleting the language in that Section in its entirety and replacing it with the following: For the avoidance of doubt, the parties agree that Section 6 (Non-Competition Restriction) of the Employment Agreement is not incorporated into this Agreement and shall be of no further force and effect.

  • Furthermore, the Executive commits to informing any person with whom he seeks employment or to whom he seeks to provide services after the Employment Period of the existing restrictive covenants set forth in Section 5(a) (Confidentiality), Section 5(c) (Non-Interference), Section 5(d) (Non-Competition Restriction), and Section 5(e) (Non-Solicitation of Employees), in each case so long as such covenant remains in effect.

  • For the avoidance of doubt, if the post-employment restriction period with respect to a Non-Competition Restriction or Non-Solicitation Restriction set forth in an Award Agreement ends on any date following the last date that all Outstanding Awards are vested and exercisable or distributable, such post-employment restriction period shall not be modified.

  • The Executive shall be bound by the Non-Competition Restriction for an additional period of a further 6 months (less any Leave Period) PROVIDED ALWAYS that the Company pays to the Executive during the additional period an amount each month that is equivalent to his monthly salary.

Related to Non-Competition Restriction

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

  • 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.

  • 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-Competition Agreements has the meaning set out in Section 7.1.1.7;

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

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

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

  • Nonsolicitation Period means the Employment Period and a period ending one year after the Date of Termination; and

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article FOURTH to terminate.

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

  • Deed Restrictions means the deed restrictions to be recorded with respect to the Land, which deed restrictions shall be subject to the Director's approval and shall be commensurate with the nature and purpose of the Land as stated in the Recipient's application for grant funds under Revised Code Sections 164.20 through 164.27. The Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, in the Director's sole discretion, who shall have full enforcement authority, as set forth more specifically in Section IX of this Agreement.

  • Nondisclosure Agreement has the meaning specified in Section 11.07.

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

  • Confidentiality Agreement has the meaning set forth in Section 6.3.

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

  • Disparagement means making comments or statements to the press, the Company’s or its Affiliates’ employees, consultants or any individual or entity with whom the Company or its Affiliates has a business relationship which could reasonably be expected to adversely affect in any manner: (a) the conduct of the business of the Company or its Affiliates (including, without limitation, any products or business plans or prospects); or (b) the business reputation of the Company or its Affiliates, or any of their products, or their past or present officers, directors or employees.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Existing Confidentiality Agreement means, collectively, the Non-Disclosure Agreement between FibroGen and AstraZeneca dated June 21, 2012, as amended February 7, 2013, and May 23, 2013, and the Non-Disclosure Agreement between FibroGen and AstraZeneca dated April 1, 2013.

  • Restricted Stock Agreement means the agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share.

  • Restriction Termination Date means the first day after the Initial Date on which the Board of Directors determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with applicable securities laws.

  • Covenant not to compete means a covenant or agreement, including a provision of a contract of

  • Confidentiality Agreements means the confidentiality agreements between the Company and each Sponsor (or an affiliate thereof), as amended and restated from time to time.

  • 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.

  • Restrictive Agreement an agreement (other than a Loan Document) that conditions or restricts the right of any Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Debt.