Restrictive Covenant Non Competition Sample Clauses

A Restrictive Covenant - Non-competition clause prohibits an individual, typically an employee or seller, from engaging in business activities that directly compete with the employer or buyer for a specified period and within a defined geographic area after the relationship ends. This clause often outlines the types of businesses or roles that are off-limits and may specify the duration and location where the restriction applies. Its core function is to protect the legitimate business interests of the employer or buyer by preventing unfair competition and safeguarding confidential information or customer relationships.
Restrictive Covenant Non Competition. Employee agrees that on the termination for any reason whatsoever of his employment with the Employer, other than in connection with the sale of a controlling interest of the Company's common stock, he will not, for a period of one (1) year from the date of such termination, directly or indirectly engage in or own any part of any company engaged in the design, manufacture or sale of products substantially the same as those offered by the Employer at the time of the termination, or work, on a full-time, part-time or consultant basis, for any corporation, partnership, sole proprietorship or any other legal entity engaged in such business within the states of Iowa, Illinois, Indiana or Minnesota, nor will he in any way directly or indirectly, attempt to hire the Employer's employees or take away any of the Employer's business or customers or destroy, injure or damage the goodwill of the Employer with its customers. Employee further agrees that in the event that the Employer, its successors or assigns, shall bring any action for the enforcement of any or all provisions of this covenant not to compete, and if the Court shall find on the basis of the evidence introduced in said action that this paragraph 6 is unreasonable then the Court shall make a finding as to what is reasonable and shall enforce this Agreement by judgment or decree to the extent of such finding. In the event that a controlling interest in the Company's common stock is sold to any person or entity during the Employment Period, and the Employee is not offered employment in a similar position as described in paragraph 1, this restrictive covenant shall not apply.
View SourceView Similar (4)
Restrictive Covenant Non Competition. (a) It is further acknowledged and agreed that the following termination of the employee's employment with T.A.G. Acquisition LTD for any reason the employee shall not hire or attempt to hire any current employees of T.A.G. Acquisitions LTD. (b) It is further acknowledged and agreed that following the termination of the employment of the Employee by the Employer, with or without cause, or the voluntary withdrawal by the Employee from the Employer, the Employee shall, for a period of one year following the said termination or voluntary withdrawal, within the USA refrain from either directly or indirectly soliciting or attempting to solicit the business of any client or customer of the Employer for his own benefit or that of any third person or organization, and shall refrain from either directly or indirectly attempting to obtain the withdrawal from employment by the Employer of any other employee of the Employer having regard to the same geographic and temporal restrictions. The Employee shall not directly or indirectly divulge any financial information relating to the Employer or any or its affiliates or clients to any person whatsoever.
View SourceView Similar (2)
Restrictive Covenant Non Competition. Employee agrees that on the termination for any reason whatsoever of his employment with the Employer, he will not, for a period of two (2) years from the date of such termination, directly or indirectly engage in or own any part of any company engaged in the same or similar competitive line of business carried on by the Employer or work, on a full-time, part-time or consultant basis, for any corporation, partnership, sole proprietorship or any other legal entity engaged in such business or similar competitive line of business within any of the States of Iowa, Illinois, Indiana or Minnesota, nor will he in any way directly or indirectly, attempt to hire the Employer's employees or take away any of the Employer's business or customers or destroy, injure or damage the goodwill of the Employer with its customers. Employee further agrees that in the event that the Employer, its successors or assigns, shall bring any action for the enforcement of any or all provisions of this covenant not to compete, and if the Court shall find on the basis of the evidence introduced in said action that this paragraph 8 is unreasonable then the Court shall make a finding as to what is reasonable and shall enforce this Agreement by judgment or decree to the extent of such finding.
View SourceView Similar (2)
Restrictive Covenant Non Competition. The Executive agrees that, for a period of twelve (12) months after the termination of the Executive’s employment with the Company for any reason whatsoever, the Executive will not own, manage, operate, advise, consult or otherwise render services to, or be employed by, or be connected with, any business that directly competes with the Company, including but not limited to, those business identified in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission.
View Source
Restrictive Covenant Non Competition. A. The Employee agrees that he will not (i) during the period he is employed by the Company engage in, or otherwise directly or indirectly be employed by, or act as a consultant or lender to, or be a director, officer, employee, owner, or partner of, any other business or organization that is or shall then be competing with the Company in the United States, and (ii) for a period of one year after he ceases to be employed by the Company under this Agreement, directly or indirectly compete with or be engaged in the same business as the Company in the United States, or be employed by, or act as consultant or lender to, or be a director, officer, employee, owner, or partner of, any business or organization which, at the time of such cessation, competes with or is engaged in the same business as the Company in the United States. B. You will have the right to perform incidental services as are necessary in connection with (i) your private passive investments, (ii) your charitable or community activities, and (iii) your participation in trade or professional organizations, but only to the extent such incidental services do not interfere with the performance of your services hereunder.
View Source
Restrictive Covenant Non Competition 
View SourceView Similar (7)

Related to Restrictive Covenant Non Competition

  • Restrictive Covenant Agreement The Company’s obligations under this Agreement, including the Company’s agreement to provide severance and to allow Employee to participate in the other compensation programs as provided on Schedule A, is conditioned on Employee signing a Restrictive Covenant Agreement in the form of Schedule B (the “Restrictive Covenant Agreement”).

  • Restrictive Covenant (a) The Employee hereby acknowledges and recognizes that, during the Employment Period, the Employee will be privy to trade secrets and confidential proprietary information critical to the Company's business and the Employee further acknowledges and recognizes that the Company would find it extremely difficult or impossible to replace the Employee and, accordingly, the Employee agrees that, in consideration of the benefits to be received by the Employee hereunder, the Employee will not, from and after the date hereof until the first anniversary of the termination of the Employment Period (or six months after the termination of the Employment Period if such termination is as a result of a termination for Good Reason following a Change in Control), (i) directly or indirectly engage in the development, production, marketing or sale of products that compete (or, upon commercialization, would compete) with products of the Company being developed (so long as such development has not been abandoned), marketed or sold at the time of the Employee's termination (such business or activity being hereinafter called a "Competing Business") whether such engagement shall be as an officer, director, owner, employee, partner, affiliate or other participant in any Competing Business, (ii) assist others in engaging in any Competing Business in the manner described in the foregoing clause (i), or (iii) induce other employees of the Company or any subsidiary thereof to terminate their employment with the Company or any subsidiary thereof or engage in any Competing Business. Notwithstanding the foregoing, the term "Competing Business" shall not include any business or activity that was not conducted by the Company prior to the effective date of a Change in Control. (b) The Employee understands that the foregoing restrictions may limit the ability of the Employee to earn a livelihood in a business similar to the business of the Company, but nevertheless believes that the Employee has received and will receive sufficient consideration and other benefits, as an employee of the Company and as otherwise provided hereunder, to justify such restrictions which, in any event (given the education, skills and ability of the Employee), the Employee believes would not prevent the Employee from earning a living.

  • Restrictive Covenant Agreements The Executive agrees to be bound by the Invention and Non-Disclosure Agreement attached hereto as Exhibit A and the Non-Competition and Non-Solicitation Agreement attached hereto as Exhibit B (Exhibit A and Exhibit B together referred to as the “Restrictive Covenant Agreements”), each of which are incorporated by reference herein. The provisions of the Restrictive Covenant Agreements shall survive the term of this Agreement pursuant to the terms set forth in Exhibit A or Exhibit B, as applicable.

  • Restrictive Covenants Agreement The Executive acknowledges and agrees that in consideration and as a condition of the commencement of employment by the Company, the Executive is required to enter into the Restrictive Covenants Agreement attached hereto as Exhibit A (the “Restrictive Covenants Agreement”). For purposes of this Agreement, the obligations in this Section 8 and those that arise in the Restrictive Covenants Agreement and any other agreement relating to confidentiality, assignment of inventions, or other restrictive covenants shall collectively be referred to as the “Continuing Obligations.”

  • Restrictive Covenants In consideration of his employment and the other benefits arising under this Agreement, the Employee agrees that during the term of this Agreement, and for a period of three (3) years following the termination of this Agreement, the Employee shall not directly or indirectly: (a) alone or as a partner, joint venturer, officer, director, member, employee, consultant, agent, independent contractor or stockholder of, or lender to, any company or business, (i) engage in the business of solid waste collection, disposal or recycling (the "Solid Waste Services Business") in any market in which the Company or any of its subsidiaries or affiliates does business, or any other line of business which is entered into by the Company or any of its subsidiaries or affiliates during the term of this Agreement, or (ii) compete with the Company or any of its subsidiaries or affiliates in acquiring or merging with any other business or acquiring the assets of such other business; or (b) for any reason, (i) induce any customer of the Company or any of its subsidiaries or affiliates to patronize any business directly or indirectly in competition with the Solid Waste Services Business conducted by the Company or any of its subsidiaries or affiliates in any market in which the Company or any of its subsidiaries or affiliates does business; (ii) canvass, solicit or accept from any customer of the Company or any of its subsidiaries or affiliates any such competitive business; or (iii) request or advise any customer or vendor of the Company or any of its subsidiaries or affiliates to withdraw, curtail or cancel any such customer's or vendor's business with the Company or any of its subsidiaries or affiliates; or (c) for any reason, employ, or knowingly permit any company or business directly or indirectly controlled by him, to employ, any person who was employed by the Company or any of its subsidiaries or affiliates at or within the prior six months, or in any manner seek to induce any such person to leave his or her employment. Notwithstanding the foregoing, the beneficial ownership of less than five percent (5%) of the shares of stock of any corporation having a class of equity securities actively traded on a national securities exchange or over-the-counter market shall not be deemed, in and of itself, to violate the prohibitions of this Section.