nonsolicitations

Noun

nonsolicitation (countable and uncountable, plural nonsolicitations)

1. The failure to solicit proxies by a company trying to limit expenses incurred from proxy rules.
   • The parallel study by the New York Curb Exchange indicates an even graver increase in nonsolicitation. A study of nonsolicitation by companies having stock listed on the New York Curb Exchange in the year 1935, prior to the adoption1942, United States. Congress. House. Committee on Interstate and Foreign Commerce, Hearings, Page 1144
2. A particular kind of noncompetition agreement that forbids a former employee from attempting to recruit the employer's colleagues or customers.
   • Nonsolicitations are promises to not go after relationships with people. Typically, these prohibit asking employees to leave a company for new opportunities or asking customers to reduce or eliminate purchases with the company.2011, Coco Soodak, Birth to Buyout: Law for the Life Cycle of Your Business, Page 26

See all 3 meanings of nonsolicitation