Examples of Noncompete Term in a sentence
The Noncompete Term shall be extended by the length of any period during which Employee is in breach of the terms of Section 4.1.
During the Noncompete Term, no Restricted Person shall, directly or indirectly, without the prior written consent of the Managing Member, induce or attempt to persuade any employee of the Company to terminate his or her employment relationship with the Company.
During the Noncompete Term, no Restricted Person shall, directly or indirectly, acquire or create any existing or future business in any new product or service related to the Company Business (as determined by the Managing Member), in the United States other than through the Company.
In the event of Executive's involuntary termination without Cause, including termination due to Good Reason, the Noncompete Term (and therefore the restrictions of Section 4.1) shall not apply to Executive unless the Company elects (pursuant to a writing delivered to Executive on or before the date of such termination) to compensate the Executive in accordance with the salary payment terms of this Agreement through December 31, 2005.
The Company shall notify the Employee in writing of its election to extend the Noncompete Term as provided in Section 4.1(i) above, and monthly payments shall be made on the first day of each month in arrears (partial months will be paid on a per diem basis).