Noncompete Period definition

Noncompete Period or "Nonsolicitation Period" means the period beginning the date hereof and ending on the second anniversary of the termination of Employee's employment with Employer.

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

Noncompete Period means the period beginning on the Closing Date and continuing for a period of five (5) years from the Closing Date.

Examples of Noncompete Period in a sentence

• If at any time you find new employment during the Option Noncompete Period, you agree to proceed in accordance with Section 4.2 to obtain approval from the Company.

• Such salary shall begin to accrue on the later of (i) the first day of the Option Noncompete Period and (ii) the date of receipt by the Company of your executed irrevocable release (as described in Section 4.8 below).

• Notwithstanding the foregoing, the issuance of any New Employment Release Notice shall have no impact on your obligation to abide by the Restrictive Covenants and any other noncompete restrictions in this Agreement, which shall remain in full force in effect until the end of the Initial Noncompete Period and, to the extent the Board of Directions has exercised its right to put into effect the Option Noncompete Period, the Option Noncompete Period.

• You further acknowledge and agree that the Company may, at any time and in its sole and absolute discretion, choose to waive its rights under this Agreement and not elect to exercise (or, if applicable, cease) payment of the salary continuation during the Option Noncompete Period.

• To the extent the Company exercises its right to put into effect an Option Noncompete Period, and no CIC Severance Payment has been made pursuant to Section 4.6, the Company, after receiving from you an executed irrevocable release (as described in Section 4.8 below), will pay you on a pro-rated basis the salary you received in your last role with the Company (“Option Period Payment”).

More Definitions of Noncompete Period

Noncompete Period has the meaning set forth in Section 5B(i).

Noncompete Period has the meaning set forth in Section 5(a) of this Agreement.

Noncompete Period is defined in Section 9(a) above.

Noncompete Period means the Employment Period and 12 months thereafter.

Noncompete Period means the one (1) year period following the Termination Date.

Noncompete Period has the meaning set forth in Section 2.3(a) hereto.

Noncompete Period means the Employment Period and the period commencing on the Termination Date and ending on the date which is one year thereafter.