Restricted Time Period means the period during Executive’s employment with the Company and for the longer of (i) twelve (12) months after the termination of Executive's employment for any reason or (ii) if Executive is entitled to receive severance benefits under Section 7.7, the Enhanced Severance Period. For purposes of this Agreement, the term “Restricted Geographic Area” means and includes: (A) each and every state of the United States of America; (B) Canada; and (C) each and every country in which the Company (or any of its subsidiaries or affiliates) is doing business at any time during the Term or as of the termination of Executive's employment; and (D) each and every country in which the Company (or any of its subsidiaries or affiliates) is selling or distributing its products at any time during the Term or as of the termination of Executive's employment. For purposes of this Agreement, the term “Competitive Business” means: a business that develops, produces, sells and/or provides any Competing Products/Services and is competitive with the business of the Company. For purposes of this Agreement, the term “Competing Products/Services” means: (I) any products and/or services that are similar to and competitive with the products and/or services that the Company develops, produces, offers or provides at any time during the Term; (II) any products and/or services that are being developed, produced, offered, sold or provided by the Company as of the termination of Executive’s employment with the Company; and/or (III) products and/or services that are competitive with the products and/or services that are being developed, produced, offered, sold or provided by the Company as of termination of Executive’s employment with the Company in that such competitive products and/or services would serve as a substitute for, and would displace or diminish a customer’s need for, any of the Company’s products and/or services.
Restricted Time Period means 3 years after the Termination Date”; provided that this period may be extended by such additional period as mutually agreed in writing between the Parties.
Restricted Time Period means during Executive’s employment with the Company and for six (6) months after the Termination Date.
Examples of Restricted Time Period in a sentence
During the Restricted Time Period, Executive will not within the Restricted Geographic Area engage in (including, without limitation, being employed by, working for, or rendering services to) any Competitive Business in any Prohibited Capacity.
The minimum Restricted Time Period payment will be one-half (½) hour.
Restricted Time Period payments will be made at the rate of $500.00 per hour, per work crew.
During the Restricted Time Period, Executive will not urge, induce or seek to induce any of the Company’s independent contractors, consultants, vendors, suppliers or any other person or entity with whom the Company has a business relationship to terminate their relationship with the Company or to cancel, withdraw, reduce, limit or in any manner modify any such person’s or entity’s business with the Company.
In the event Executive violates any of the restrictive covenants contained in this Section 8, the duration of all restrictive covenants (and the Restricted Time Period) shall automatically be extended by the length of time during which Executive was in violation of any of the restrictive covenants.
More Definitions of Restricted Time Period
Restricted Time Period means the period during Executive’s employment with the Company and for twelve (12) months after the termination of Executive's employment for any reason.
Restricted Time Period means the period of Employee’s employment with the Company and for twenty-four (24) months immediately after the termination of Employee’s employment with the Company regardless the reason for such termination.
Restricted Time Period means [12 months directors; 6 months Xxxxxxxx] ________ years following the Effective Date. For purposes of this Agreement only, the Business shall not include any business involving the ownership or operation of an ethanol production facility and which at any time develops, constructs, operates or uses, any biodiesel production equipment at its facility for use only of the corn oil extracted at such facility as biodiesel feedstock and which produces at a name plate capacity of no more than five (5) million gallons per year. Notwithstanding anything in this Section 3 to the contrary, Control Person shall not be restricted from owning, directly or indirectly, any equity interest, or instrument convertible into such equity, constituting one (1%) percent or less of the outstanding equity on a fully diluted basis of such business, debt instrument or other security in or of any business engaged in the Business that is owned by Control Person as of the Effective Date; provided that Control Person does not otherwise participate in any way in such business.
Restricted Time Period means during the Grantee’s employment by or service with the Company and for three years after the Grantee’s Eligible Separation; provided, however, that if this Option remains exercisable after such three-year period, the Restricted Time Period shall be extended for such period of time during which this Option remains exercisable.
Restricted Time Period means the period during Employee’s employment with the Company and for two (2) years after the termination of Employee’s employment for any reason.
Restricted Time Period shall have that meaning ascribed to it in Section ------- 11.2 of this Purchase Agreement. ----
Restricted Time Period means the period beginning on the Closing Date and ending on the date that is four (4) years thereafter.