Noncompetition Restriction definition

Noncompetition Restriction means that, during the period beginning on the Grant Date and ending on the Final Vesting Date (the “Award Period”), without the written consent of the Committee, you will not, directly or indirectly (other than on behalf of the Partnership or one or more of its Affiliates), carry on or engage in the business of providing transportation, storage or processing of natural gas or natural gas liquids or any other business in which the Partnership or any of its Affiliates is engaged and with respect to which you provide material services or for which you have material responsibility during the final two years of your employment (the “Business”) within the Restricted Area; accordingly, you acknowledge and agree that during the Award Period and within the Restricted Area, you will not be employed or engaged by (or otherwise provide services to) any business, entity or person that engages in the Business (other than the Partnership or one or more of its Affiliates), as doing so would constituting carrying on or engaging in the Business in violation of the restrictions set forth in this Paragraph 3(b)(i);
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Noncompetition Restriction means any contractual provision that restricts the ability of a Person to:
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Noncompetition Restriction means that, during the Vesting Period and without the written consent of the Committee, within the State of Texas or any other geographic area in which you provided material services or for which you had material responsibility during the final two years of your employment with the Partnership or any of its Affiliates, you do not, directly or indirectly, engage in, or provide services, with respect to, the business of providing transportation, storage, gathering and processing services for natural gas or natural gas liquids or any other business to which you provided material services or with respect to which you had material responsibility during the final two years of your employment with the Partnership or any of its Affiliates (the “Business”); and
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Examples of Noncompetition Restriction in a sentence

  • Employee acknowledges and agrees that the Garden Leave Pay is consideration mutually agreed upon by the Company and Employee, and in exchange for Employee’s agreement to the Noncompetition Restriction.

  • Laws Xxxxxxx 000, Xxx 00X (x)); (ii) if the Employee has been laid off by the Company; (iii) if the Company waives the Noncompetition Restriction; or (iv) to Employee’s activities on behalf of ElevateBio Management, Inc., or its subsidiaries and affiliates.

  • Notwithstanding any other provision to the contrary, the Non-competition Restriction Period and the Non-solicitation Restriction Period shall be tolled during any period of violation of any of the covenants in Subsections 10(b) or (c) hereof and during any other period required for litigation during which the Company seeks to enforce such covenants against Employee or another person or entity with whom Employee is affiliated if it is ultimately determined that Employee was in breach of such covenants.

  • Notwithstanding any other provision to the contrary, the Non-competition Restriction Period and the Non-solicitation Restriction Period shall be tolled during any period of violation of any of the covenants in Subsections 10(b) or (c) hereof and during any other period required for litigation during which the Company seeks to enforce such covenants against Chairman or another person or entity with whom Chairman is affiliated if it is ultimately determined that Chairman was in breach of such covenants.

  • If your Termination of Employment occurs one or more years after the Grant Date and prior to the Final Vesting Date and is due to your Retirement, then all of your Phantom Units that remain unvested will automatically become vested upon your Termination of Employment, subject to your continued compliance with the Noncompetition Restriction and the Non-solicitation Restriction set forth below.

  • Such Phantom Units (less the Retirement Tax Accelerated Phantom Units, as defined below) will be paid to you at the time you originally elected in accordance Paragraph 4 (i.e., the Regular Payment Dates if you elected “Payment Option A” or the Deferred Payment Date if you elected “Payment Option B”) so long as you have continuously complied with the Noncompetition Restriction and Non-solicitation Restriction through the applicable payment date(s).

  • Laws Xxxxxxx 000, Xxx 00X (x)); (ii) if the Employee has been laid off by the Company; or (iii) if the Company waives the Noncompetition Restriction.

  • The opportunity costs of allocating scarce resources to conservation are often significant for resource users with limited endowments (Narloch et al., 2012), as is the case for our low-endowed participants.

  • Laws Chapter 149, Sec 24L (c)); (ii) if the Employee has been laid off by the Company; (iii) if the Company waives the Noncompetition Restriction; or (iv) to Employee’s activities on behalf of ElevateBio Management, Inc., or its subsidiaries and affiliates.

  • The Company agrees and acknowledges that the remaining provisions of the Employment Agreement, including the Non-competition Restriction provision of the Employment Agreement (Exhibit A, § 6a), do not remain in effect.

Related to Noncompetition Restriction

  • 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.

  • Noncompetition Agreement shall have the meaning set forth in Section 5.9 of this Agreement.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

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

  • Nonsolicitation Period means the Employment Period and a period ending one year after the Date of Termination; and

  • 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.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this 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 has the meaning set forth in Section 6(c).

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Non-Competition Agreements has the meaning set out in Section 7.1.1.7;

  • Covenant not to compete means an agreement:

  • Restrictive Agreement an agreement (other than a Loan Document) that conditions or restricts the right of any Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Debt.

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • Restrictive Period means the period beginning on the Effective Date and ending two (2) years after the termination of the Executive’s employment hereunder.

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

  • Nondisclosure Agreement has the meaning specified in Section 11.07.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • 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”.

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

  • Non-Compete Agreement means that certain Non-Compete Agreement between the Company and the Executive in substantially the form attached hereto as Exhibit B.

  • Restrictive Agreements as defined in subsection 3.3(a).

  • Least restrictive environment means the environment in which the interventions in the lives of people with mental illness can be carried out with a minimum of limitation, intrusion, disruption, and departure from commonly accepted patterns of living.

  • Existing Confidentiality Agreement has the meaning set forth in Section 4.01.

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned: