Restrictive Covenants : Many employees are bound by non-compete and non-solicit agreements created in employment contracts or other documents they have signed.

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Leaving Proudfoot, Mr. Gordon began working for Highland Consulting Group, which ran him afoul of certain restrictive covenants in his Proudfoot employment agreement.

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Look under Restrictive Covenants in the Table of Contents.

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In January of this year, their share swelled to 26 percent, on par with what it had been during the 2007 PE boom when fully a quarter of leveraged loans carried less-restrictive covenants.

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