Not-to-compete clauses

The Group may enter into not-to-compete clauses with its General Managers, Key Managers and for especially important professional roles of Senior Managers and Executives that envisage the payment of a GAS-related consideration according to the duration and scope of the obligation resulting from the agreement itself.

The obligation refers to the merchandise sector in which the Group operates at the time the agreement is made and its territorial scope. The scope of the obligation varies according to the worker’s role at the time of execution of the agreement and may cover, as in the case of the General Directors, all countries where the Group operates.