Noncompetition definition

Noncompetition. Paragraph A. Paragraph XI.A. is hereby amended and restated in its entirety as follows:
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Noncompetition. (d) If Employer terminates Employee other than for Cause (as defined below) on or prior to December 10, 1999 and Employee is paid pursuant to the terms of the Severance Agreement (as defined in Section 8(f)), then Employee covenants and agrees not to directly or indirectly compete with Employer in the United States and/or Asia for a period of three (3) years from the date Employee is paid pursuant to the Severance Agreement. If, on the other hand, Employer terminates Employee other than for Cause after December 10, 1999 and Employer continues to pay Employee his monthly Salary at the time of termination for a period of 18 months, then Employee covenants and agrees not to directly or indirectly compete with Employee in the United States and/or Asia for a period of 18 months from the date of termination. (e) The provisions of Sections 5, 6, 7, 8(b) and (g), 11, 13 and 16 shall survive termination or expiration of this Agreement." 6.Section 8(b) of the Employment Agreement is hereby deleted in its entirety and replaced with the following: "(b) In the event Employer terminates Employee other than for Cause on or prior to December 10, 1999, Employer shall be relieved of any and all of its obligations under this Agreement so long as Employer pays Employee all amounts owing to Employee under the Severance Agreement. In the event Employer terminates Employee other than for Cause after December 10, 1999, Employer shall pay Salary to Employee for a period of 18 months (less all amounts required to be withheld or deducted therefrom and all undisputed amounts owed or due by Employee to Employer). In the event Employer terminates Employee other than for Cause at any time prior to February 28, 1998, Employer shall continue to provide Employee, for a period of 18 months, health insurance with coverage no less than coverage available during such period to Employer's senior executive officers, and Employer shall have no other obligation hereunder." II.
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Noncompetition means that, during the period that any of your UARs or Cash Bonus amounts remain unpaid, you do not, directly or indirectly, for yourself or any other person or entity engage in, render any services to, or assist in any manner, without the written consent of the Committee, in the transportation or storage of natural gas (the “Business”) in a geographic area in the United States where the Partnership or its subsidiaries or affiliates is conducting Business or seeking to conduct such Business; and
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Examples of Noncompetition in a sentence

  • The captions contained in this Noncompetition Agreement are for convenience of reference only, shall not be deemed to be a part of this Noncompetition Agreement and shall not be referred to in connection with the construction or interpretation of this Noncompetition Agreement.

  • Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of this Noncompetition Agreement.

  • Neither the drafting history nor the negotiating history of this Noncompetition Agreement shall be used or referred to in connection with the construction or interpretation of this Noncompetition Agreement.

  • Any breach of the Non-competition Agreement that is not cured as permitted therein shall be deemed a breach of this Section 9.

  • Each provision of this Noncompetition Agreement is separable from every other provision of this Noncompetition Agreement, and each part of each provision of this Noncompetition Agreement is separable from every other part of such provision.

  • Such Noncompetition Payment shall be made in 12 equal monthly installments (each installment being an amount equal to 1/12th of such annual salary) commencing on the date which is thirty (30) days after the last day of the Employment Term.

  • As a condition of employment, the Executive is required to enter into the Employee Confidentiality, Assignment, Nonsolicitation and Noncompetition Agreement, attached hereto as Exhibit A (the “Restrictive Covenants Agreement”).

  • This Agreement, together with the exhibits hereto and the Noncompetition Agreement, contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with the Company or its subsidiaries (or any predecessor of either).

  • During the Noncompetition Period, the Company shall have the right to, in good faith, add other entities which are in substantial competition with the Companies to the list of businesses on Exhibit B, subject to the consent of the Executive which shall not be unreasonably withheld.

  • Once the Consultation and/or Noncompetition Payments are begun, whether paid by Employer or as otherwise provided herein, the maximum payment period under this Agreement is ten (10) years.


More Definitions of Noncompetition

Noncompetition. Agreements” § 2.7(a)(vi) “Purchased Assets” § 2.1
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Noncompetition has the meaning described in Section 6.2.
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Noncompetition. “Wrongful Solicitation” and “Confidentiality/Specific Performance” sections in the EnerSys 2004 Equity Incentive Plan, the EnerSys 2006 Equity Incentive Plan, and the EnerSys 2010 Equity Incentive Plan shall survive the execution of this Agreement. Without limiting the foregoing, Xxxxx and EnerSys specifically agree that: (i) this Agreement and the Consulting Agreement supersede the Employment Agreement and that neither Xxxxx or EnerSys have any further obligations under the Employment Agreement, and (ii) Xxxxx’x entitlement to vested benefits under any employee benefit plan, and specifically Xxxxx’x right to elect COBRA coverage under the Company’s health insurance plan under the same terms and conditions applicable to other senior employees of the Company, survive the execution of this Agreement. Between June 1, 2013 and June 10, 2013, Xxxxx will sign and deliver to EnerSys a document acceptable to EnerSys which confirms that EnerSys does not have any further obligations under the Employment Agreement. This Agreement may not be modified in any manner, except by an instrument in writing and signed by both parties. This Agreement is for the benefit of and is binding upon Xxxxx and his heirs, administrators, representatives, executors, successors, beneficiaries and assigns, and is also for the benefit of the Released Parties and their successors and assigns. INTENDING TO BE LEGALLY BOUND, Xxxxx and EnerSys agree to and sign this Agreement on this 1st day of April, 2013. ENERSYS /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxxxx
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Noncompetition means that, during the Vesting Period, you do not, directly or indirectly, for yourself or any other person or entity engage in, render any services to, or assist in any manner, without the written consent of the Committee, in the transportation or storage of natural gas (the “Business”) in a geographic area in the United States where the Partnership or its subsidiaries or affiliates are conducting Business or seeking to conduct such Business; and
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Related to Noncompetition

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Noncompetition Agreement has the meaning given in Section 3.2.

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

  • Competition or “Competitions” means any competition comprised within the Event where the winner is awarded a prize. A Competition may be comprised of one or more qualification phase/sections, runs or heats, including official training sessions. In the FIS Rules, Competitions are sometimes also referred to as “races”.

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

  • Non-Competition Agreements has the meaning set forth in the Recitals.

  • Nonsolicitation Period means the Employment Period and a period ending six months after the Date of Termination.

  • 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.

  • Covenant not to compete means an agreement:

  • 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.

  • 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.

  • 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.

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

  • Nondisclosure Agreement has the meaning set forth in Section 7.05(a) hereof.

  • Employment Agreements shall have the meaning provided in Section 5.05.

  • Confidentiality Undertaking means a confidentiality undertaking in substantially the appropriate form recommended by the LMA from time to time or in any other form agreed between the Borrowers and the Facility Agent.

  • Compete means to provide Competitive Services, whether Employee is acting on behalf of himself/herself, or in conjunction with or in concert with any other entity, person, or business, including activities performed while working for or on behalf of a Customer.

  • Restrictive Covenants means the restrictive covenants contained in Section 12(c) hereof.

  • Confidentiality Agreements is defined in Section 5.5(e) hereof.

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

  • Confidentiality means that only people who are authorised to use the data can access it.

  • Employment Agreement means each management, employment, severance, consulting, relocation, repatriation, expatriation, visas, work permit or other agreement, or contract between the Company or any Affiliate and any Employee.

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

  • Existing Confidentiality Agreement shall have the meaning set forth in Section 6.6.