Noncompetition covenant definition

Noncompetition covenant means an agreement between an employer and employee which, upon termination of the employment of the employee, prohibits the employee from pursuing a similar vocation in competition with or becoming employed by a competitor of the employer.
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Noncompetition covenant means the covenant described in section 2 entitled "Covenant Not to Compete".
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Noncompetition covenant has the meaning set forth in Section 6.12.
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Examples of Noncompetition covenant in a sentence

  • Non-competition covenant – seeks to keep the former employee out of the business completely.

  • First, Alliance's purported ability to consummate the cash Offer immediately is premised on its analysis of a non- competition agreement to which Bally is a party, which analysis appeared in section 15 of the 14D-1/Proxy Statement, "Certain Legal Matters": Non-competition covenant.

  • Noncompetition covenant out of multiple counts of law or other few items such alteration or legal needs non disclosure agreement template washington state legislatures across your template is generally known by criticizing xxxxx.

Related to Noncompetition covenant

  • Noncompetition Agreement shall have the meaning specified in Section 3.4(e).

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

  • Restrictive Covenants means the restrictive covenants contained in Section 13(c) hereof.

  • Covenants means the covenants, conditions, restrictions, assessments, charges, servitudes, liens, reservations and easements set forth herein.

  • Employment Agreement has the meaning specified in the recitals to this Agreement.

  • 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.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.