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Noncompete

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive
This noncompetitive activity encourages learning about the history of romantic music.
No matter what happens with the hearings on campaign finance reform or subsequent reforms, come November 1998 we will again have mostly noncompetitive elections in one-party districts where voters have little choice but to ratify the selection made by re districting committees and party primaries.
Brennan, Jr., and Thurgood Marshall, argued that employees selected on a noncompetitive basis could appeal personnel actions beyond their agency prior to the 1978 legislation, which did not change their rights.
* To provide a noncompetitive performance opportunity for students in geographical areas where performance opportunities are not readily available,
In addition, the exercise should either be noncompetitive or allow one to "win" on every occasion.
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