Restraint Periods definition

Restraint Periods has the meaning given at Item 5 of Schedule 1;
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Restraint Periods means the following periods commencing upon the Termination Date: (a) 12 months; (b) 6 months; (c) 3 months.
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Examples of Restraint Periods in a sentence

  • Each of the restraint obligations imposed on the Employee resulting from the combinations of Restraint Periods and Restraint Areas, is a separate and independent obligation from the other restraint obligations imposed, but they are cumulative in effect and the parties intend that they operate to the maximum extent.

  • Each of the restraints in Section 11A.01 and Section 11A.02 resulting from the various combinations of the Restraint Periods and the Restraint Areas is a separate, severable and independent restraint and the invalidity or unenforceability of any of such restraints does not affect the validity or enforceability of any of the other restraints in those sections.

  • Each of the restraints in this clause 23 resulting from the various combinations of the Restraint Periods and the Restraint Areas is a separate, severable and independent restraint and the invalidity or unenforceability of any of those restraints does not affect the validity or enforceability of any of the other restraints in those clauses.

  • With the exception of the subsequent sentence, neither Seller shall, and each Seller shall procure its Affiliates not to, during any of the Restraint Periods and within any of the Restraint Areas conduct, carry on or promote (whether on its own account, in partnership, in joint venture or as employee or agent of or manager for any other person) any Restrained Business.

  • The activities in clause 22.1 and the Restraint Periods and Restraint Areas each have effect as if they consist of separate provisions.

  • Each of the restraints in Section 6A(a) resulting from the various combinations of the Restraint Periods and the Restraint Areas is a separate, severable and independent restraint and the invalidity or unenforceability of any of such restraints does not affect the validity or enforceability of any of the other restraints in that section.

  • Each of the restraints in clause 11.1 resulting from the various combinations of the Restraint Periods and the Restraint Areas is a separate, severable and independent restraint and the invalidity or unenforceability of any of such restraints does not affect the validity or enforceability of any of the other restraints in those sections.

  • The Bank has all corporate (or similar) power and authority to own, lease and operate its properties and to carry on its business as now conducted.

  • Each of the restraints in this clause 24 resulting from the various combinations of the Restraint Periods and the Restraint Areas is a separate, severable and independent restraint and the invalidity or unenforceability of any of those restraints does not affect the validity or enforceability of any of the other restraints in those clauses.

  • Nothwithstanding the preceding sentence, the Sellers and their Affiliates shall be entitled to acquire companies and/or businesses (a "Target") during the Restraint Periods, within the Restraint Areas which conducts, carries on or promotes a Restrained Business, PROVIDED ALWAYS that the core business of any such Target is not any Restrained Business.