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A restrictive covenant is any agreement between parties that limits an individual's ability to engage in certain activities for a period of time.
A restrictive covenant is a condition that restricts, limits, prohibits, or prevents the actions of someone named in an enforceable agreement. In bond obligations, restrictive covenants limit the amount issuers can pay in dividends to investors.
Here is an example of a termination clause: ?Party A and Party B have the right to terminate the Contract under material breach, change in circumstances, insolvency, and mutual agreement. To terminate the Contract, the terminating party must provide 30 days of written notice to the other party.
An executive employment agreement is a legal contract between an employer and an executive that outlines the terms of their working relationship. These agreements include information about salary, benefits, stock options or awards, vacation time allotment and more.
The term ?Termination for Cause? shall mean termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or ...
Also known as a restrictive covenant, this mechanism purportedly prevents an employee from engaging in similar business, whether independently or for another employer, after leaving the current employer. In order to be valid, a non-compete clause is almost certainly limited to: A certain period of time.
7 Types of Restrictive Covenants Non-Compete Covenant. ... Specific Non-Compete Covenant. ... Customer Non-Solicitation Covenant. ... Employee Non-Solicitation Covenant. ... Confidentiality or Non-Disclosure Covenant. ... Garden Leave. ... Assignment of Property Rights.
The Regional Cooperation Agreement (RCA) is a written transfer agreement between referring and receiving California Children's Services (CCS) approved Neonatal Intensive Care Units (NICUs) with the goal of providing risk appropriate care for high risk pregnant women and their infants.