Common use of Acknowledged Need for Limited Restrictive Covenants Clause in Contracts

Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have spent and will continue to expend substantial amounts of time, money and effort to develop their business strategies, Confidential Information, customer identities and relationships, goodwill and Executive relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against the Company in an unrestricted manner and that such use would be unfair and extremely detrimental to the Company. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ need to protect their legitimate business interests by reasonably restricting Executive’s ability to compete with the Company on a limited basis or solicit its employees or customers, in each case, as provided herein.

Appears in 11 contracts

Samples: Employment Agreement (Hill-Rom Holdings, Inc.), Employment Agreement (Hill-Rom Holdings, Inc.), Employment Agreement (Hill-Rom Holdings, Inc.)

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Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have spent and will continue to expend substantial amounts of time, money and effort to develop their business strategies, Confidential Information, customer identities and relationships, goodwill and Executive relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s his knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against the Company in an unrestricted manner and that such use would be unfair and extremely detrimental to the Company. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ need to protect their legitimate business interests by reasonably restricting Executive’s ability to compete with the Company on a limited basis or solicit its employees or customers, in each case, as provided hereinbasis.

Appears in 10 contracts

Samples: Separation and Release Agreement, Employment Agreement (Hill-Rom Holdings, Inc.), Employment Agreement (Hill-Rom Holdings, Inc.)

Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have Company has spent and will continue to expend substantial amounts of time, money and effort to develop their its business strategies, Confidential Information, customer identities and relationships, goodwill and Executive employee relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s his knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against the Company in an unrestricted manner and that such use would be unfair and extremely detrimental to the Company. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ Company's need to protect their its legitimate business interests by reasonably restricting Executive’s 's ability to compete with the Company on a limited basis or solicit its employees or customers, in each case, as provided hereinbasis.

Appears in 3 contracts

Samples: Employment Agreement (Hillenbrand Industries Inc), Separation and Release Agreement (Hillenbrand Industries Inc), Employment Agreement (Hillenbrand Industries Inc)

Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have spent and will continue to expend substantial amounts of time, money and effort to develop their business strategies, Confidential Information, customer identities and relationships, goodwill and Executive relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s his knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against any of the Company Companies in an unrestricted manner and that such use would be unfair and extremely detrimental to the Company. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ Company’s need to protect their its legitimate business interests by reasonably restricting Executive’s ability to compete with any of the Company Companies on a limited basis or solicit its employees or customers, in each case, as provided hereinbasis.

Appears in 1 contract

Samples: Employment Agreement (Hillenbrand Industries Inc)

Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have Company has spent and will continue to expend substantial amounts of time, money and effort to develop their its business strategies, Confidential Information, customer identities and relationships, goodwill and Executive employee relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s her knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against the Company in an unrestricted manner and that such use would be unfair and extremely detrimental to the Company. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ Company's need to protect their its legitimate business interests by reasonably restricting Executive’s 's ability to compete with the Company on a limited basis or solicit its employees or customers, in each case, as provided hereinbasis.

Appears in 1 contract

Samples: Employment Agreement (Hillenbrand Industries Inc)

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Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have spent and will continue to expend substantial amounts of time, money and effort to develop their business strategies, Confidential Information, customer identities and relationships, goodwill and Executive relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s her knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against the Company in an unrestricted manner and that such use would be unfair and extremely detrimental to the Company. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ need to protect their legitimate business interests by reasonably restricting Executive’s ability to compete with the Company on a limited basis or solicit its employees or customers, in each case, as provided hereinbasis.

Appears in 1 contract

Samples: Employment Agreement (Hill-Rom Holdings, Inc.)

Acknowledged Need for Limited Restrictive Covenants. Executive acknowledges that the Companies have spent and will continue to expend substantial amounts of time, money and effort to develop their respective business strategies, Confidential Information, customer identities and relationships, goodwill and Executive employee relationships, and that Executive will benefit from these efforts. Further, Executive acknowledges the inevitable use of, or near-certain influence by Executive’s his knowledge of, the Confidential Information disclosed to Executive during the course of employment if Executive is allowed to compete against the Company or any of the other Companies in an unrestricted manner and that such use would be unfair and extremely detrimental to the CompanyCompany and/or or any of the other Companies. Accordingly, based on these legitimate business reasons, Executive acknowledges each of the Companies’ Company's need to protect their its legitimate business interests by reasonably restricting Executive’s 's ability to compete with the Company or any of the other Companies on a limited basis or solicit its employees or customers, in each case, as provided hereinbasis.

Appears in 1 contract

Samples: Employment Agreement (Hillenbrand Industries Inc)

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