Noncompete Cause definition

Noncompete Cause is defined as a termination of the Executive’s employment due to the Company’s dissatisfaction with the Executive’s job performance, conduct or behavior.
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Noncompete Cause means a reasonable and good faith basis for the Company to be dissatisfied with the Executive’s job performance, the Executive’s conduct or the Executive’s behavior.
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Noncompete Cause means a reasonable and good faith basis for the Company to be dissatisfied with the Executive’s job performance, conduct or behavior. Executive acknowledges that this covenant is necessary because the Company’s legitimate business interests cannot be adequately protected solely by the other covenants in the Restrictive Covenants Agreement. Executive further acknowledges and agrees that any payments Executive receives pursuant to this Section 8(b) shall reduce (and shall not be in addition to) any severance or separation pay that Executive is otherwise entitled to receive from the Company pursuant to this Agreement, any plan or otherwise. Executive acknowledges and agrees that (i) Executive has the right to consult with counsel prior to signing this Agreement; (ii) the restrictions in this Section 8(b) shall not be effective until ten (10) days after the Effective Date; and (iii) notwithstanding anything to the contrary in Section 9 below, all civil actions relating to this Section 8(b) shall be brought in the county of Suffolk, Massachusetts and that the superior court or the business litigation session of the superior court located in Suffolk County, Massachusetts shall have exclusive jurisdiction over all such civil actions.
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Examples of Noncompete Cause in a sentence

  • For the purposes of clarity, this Section shall not be effective (and the Non-Compete Payments shall not be paid), in the event that the Executive is terminated by the Company without Noncompete Cause or laid off.

  • Notwithstanding the foregoing, Executive shall not be subject to the restrictions of this Section 8(b) after Executive’s employment with the Company ends (nor entitled to the Noncompetition Consideration set forth below) if the Company terminates Executive’s employment without Noncompete Cause or lays Executive off.

Related to Noncompete Cause

  • For Cause means:

  • Good Reason means:

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company other than for Cause or by reason of Executive’s death or Disability.

  • Constructive Termination means:

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.