Example ContractsClausesNoncompetition and Nonsolicitation
Noncompetition and Nonsolicitation
Noncompetition and Nonsolicitation contract clause examples

During the Restricted Period (as defined below), and except as otherwise authorized by Section 2(b) of this Agreement, the Executive agrees that he shall not, without the prior authorization by resolution of the Board, directly or indirectly, either as principal, agent, manager, employee, partner, shareholder, director, officer, consultant, or otherwise # become engaged in, involved with, or employed in any business (other than as a less-than one percent (1%) equity owner of any corporation traded on any national, international, or regional stock exchange or in the over-the-counter market) that competes with the Company or any of its affiliates; or # induce or attempt to induce any customer, client, supplier, employee, agent, or independent contractor of the Company or any of its affiliates to reduce, terminate, restrict, or otherwise alter its business relationship with the Company or its affiliates; provided that the foregoing shall not prohibit the Executive, individually or in association with others, from # engaging in public advertisement and other forms of broad solicitation not intended to target Company employees to fulfill hiring needs or # hiring any individual who is a former employee of the Company or any subsidiary of the Company who has been separated from employment with the Company or the subsidiary of the Company for more than six months. The provisions of this Section 10(b)(i) shall be effective only within any state within the United States or any country outside the United States where the Company or any of its subsidiaries conducted its business during any part of the Executive’s employment with the Company. The parties intend the above geographical areas to be completely severable and independent, and any invalidity or unenforceability of this Agreement with respect to any one area shall not render this Agreement unenforceable as applied to any one or more of the other areas.

During the term of Service Provider’s provision of services to the Company and for one year after the termination or cessation of such services for any reason or no reason (the “Restricted Period”), Service Provider will not # engage, directly or indirectly, as an advisor or consultant to, or be employed by, any entity engaged or proposing to engage in any business which is directly or indirectly competitive with the business of the Company in the Field (as defined in Section 3 hereof) (each, a “Restricted Activity”), # participate directly or indirectly in the ownership or management of any entity engaged in a Restricted Activity, # assist others in engaging in a Restricted Activity in the manner described in [clauses (i) or (ii) above], # solicit, entice or induce any employee or consultant of bluebird bio to terminate his or her employment or consultancy or engage in a Restricted Activity, or # solicit, entice or induce any vendor, customer or distributor of bluebird bio to terminate or materially diminish its relationship with bluebird bio. Notwithstanding the foregoing, Service Provider shall have the right to own, for investment purposes, not more than one percent of the outstanding capital stock of a publicly held enterprise which competes with bluebird bio and nothing contained in this Section 1 shall prevent Service Provider from being employed by a university or nonprofit research institution.

Noncompetition; Nonsolicitation. The receipt of any severance benefits pursuant to [Section 7] will be subject to your not violating the provisions of [Section 10]. In the event you breach the provisions of [Section 10], or if you elect not to comply with the terms of [Section 10(a)] on noncompetition or [Section 10(b)(ii)] on nonsolicitation of business, all continuing payments and benefits to which you would have been entitled pursuant to [Section 7] will immediately cease.

Noncompetition; Nonsolicitation. The receipt of any retirement benefits pursuant to Section 2 will be subject to your not violating the provisions of Section 4. In the event you breach the provisions of Section 4, or if you elect not to comply with the terms of Section 4(a) on noncompetition or Section 4(b)(ii) on nonsolicitation of business, all continuing payments and benefits to which you would have been entitled pursuant to Section 2 will immediately cease.

Noncompetition and Nonsolicitation. Because the Executive’s services to the Company and the Employer are special and because the Executive has access to the Company’s and the Employer’s confidential information, the Executive covenants and agrees that during Executive’s employment with the Company and the Employer and until the end of the eight (8)-month period following the termination of the Executive’s employment with the Company and the Employer for any reason (the “Restricted Period”), the Executive shall not, without the prior written consent of the Company (which shall be authorized by approval of the Board, including the approval of a majority of the independent Directors of the Company), directly or indirectly:

Noncompetition; Nonsolicitation. In consideration of the covenants to be performed by the Employer hereunder, the Executive agrees as follows:

Noncompetition/Nonsolicitation. The Executive acknowledges that the industry in which the Corporation is engaged is an international business which is highly competitive and that the Executive is a key executive of the Corporation. The Executive further acknowledges that as a result of his or her senior position within the Corporation, he or she has acquired and will acquire extensive Confidential Information and knowledge of the Corporation’s business and the industry in which it operates and will develop relationships with and knowledge of customers, employees, vendors and suppliers of the Corporation and its subsidiaries and affiliates. Accordingly, the Executive agrees that during the time the Executive is employed by the Corporation, its subsidiaries or affiliates (the “Employment Period”) and for a period of 12 (twelve) months after the Termination Date (the “Restricted Period”):

Nonsolicitation and Noncompetition. In order to protect the Company’s Proprietary Information and goodwill, during his employment and for a period of: # one (1) year following the Date of Termination, or # two (2) years following the Date of Termination if Executive breaches his fiduciary duty to the Company or if Executive has unlawfully taken, physically or electronically, property belonging to the Company (in either case the “Restricted Period”):

The Executive agrees that, during employment by the Company (or by any Company parent, affiliate or subsidiary), and for a period of 24 months after the termination of such employment (irrespective of the reason(s) for the end of employment), the Executive will not engage in a business, directly or indirectly, that sells, rents, brokers, provides storage for, or leases boating products or services or finance and insurance products or services anywhere in the United States and any other country in which the Company is doing business at the time of the termination of employment. The Executive acknowledges that the Company has operations throughout the United States and other countries and that his duties will involve, from time to time, interactions with customers, supplies and other employees throughout the United States and other countries. The term “engage in” shall include, but shall not be limited to, activities, whether direct or indirect, as proprietor, partner, shareholder, member, officer, director, landlord, principal, agent, Executive, consultant, independent contractor, joint venturer, investor or lender; provided, however, that the ownership of not more than one percent (1%) in the aggregate by the Executive of the stock of a publicly held corporation shall not be included in such term.

Noncompetition and Nonsolicitation. Consultant agrees that during the term of this Agreement, Consultant will not, without Aligos’s prior written consent, engage in any employment or business activity which is competitive with, or would otherwise conflict with, Consultant's engagement with Aligos. During the term of this Agreement and for one (1) year after its termination, Consultant will not personally or through others recruit, solicit or induce any employee of Aligos to terminate his or her employment with Aligos. If any restriction set forth in this Section 5.2 is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

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