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

  • Finally, while Sparsey achieves the goals of LSH, it is in fact far simpler and more efficient than standard LSH (Indyk, Motwani, Andoni, Razenshteyn).

  • 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.

  • As the industry does not produce a separate balance sheet for each product, it is difficult to determine a return on investment in relation to steel shelving kits alone.

  • To suspend the Non-competition Restriction on the Company's Newly Elected Directors 6.

  • Voting for election item Election results: Other ProposalsFirst Case Proposed by the Board of Directors Reason: Discussion of the Release form Non-competition Restriction on new Directors Explanation:1.

  • The Non-competition Restriction in the Non-Compete Agreement provides as follows: NON-COMPETE COVENANT.

  • 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.

  • In the event that the Noncompetition Restriction applies to Employee, the Company shall make garden leave payments to Employee for the post-employment portion of the Restricted Period (but for not more than 12 months following the end of Employee’s employment) at the rate of 50% of the highest annualized base salary paid to Employee by the Company within the two-year period preceding the last day of Employee’s employment (the“ Garden Leave Pay”).

  • The Court concludes that the Non-competition Restriction in the At-Will Agreement is overly broad and is unenforceable.

  • Discussion ItemsItem 1 Proposed by the Board of DirectorsRelease of Non-competition Restriction on DirectorsDescription:1.

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 is defined in the Recitals.

  • Restriction Agreement means the agreement setting forth the terms of an Award, and executed by a Grantee as provided in Section 7.1 hereof.

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • 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 Period has the meaning set forth in Section 9.01.

  • 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.

  • 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 forth in the Recitals.

  • 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 shall have the meaning set forth in Section 6.2.

  • 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.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

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

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.