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Noncompete
(redirected from Non-compete clause)

   Also found in: Medical, Legal, Acronyms, Wikipedia 0.01 sec.
Noncompete
A provision in a number of employment contracts that prohibits an employee from working for a competing firm for a specified number of years after the employee leaves the firm.

Noncompete
Describing a clause in many employment contracts forbidding an employee from working for another firm that competes with the employer for a certain number of years after the termination of the contract. A noncompete clause may have a geographic limit. For example, a dentist who goes to work for corporate dental practice may sign a noncompete clause forbidding him from working for a competing dental practice within 25 miles for five years after the completion of the contract.


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That "sunset date" was June 30, when Packes's non-compete clause with BHS expired, though contracts she signed through BHS will remain there "through the life of the project," she said.
The timing of his retirement coincides with the expiration of his three-year non-compete clause.
The delay is due to a non-compete clause in Motamed's compensation agreements with Chubb, the company said in a statement.
 
 
 
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