Acknowledgement by the Employee. The Employee acknowledges that (a) the Employee’s services to be performed for the Corporation are of a special and unique nature; (b) the Corporation operates in a highly competitive environment and would be substantially harmed if the Employee were to compete with the Corporation or divulge its confidential information; (c) the Employee has received valuable and sufficient consideration for entering into this Agreement, including but not limited to employment with the Corporation, and the receipt of Confidential Information; and (d) the provisions of this Section 2, including all of its subparts, are reasonable and necessary to protect the Corporation’s business.
Appears in 5 contracts
Samples: Non Competition, Non Solicitation, and Confidentiality Agreement, Non Competition, Non Solicitation, and Confidentiality Agreement (Electromed, Inc.), Non Competition, Non Solicitation, and Confidentiality Agreement (Electromed, Inc.)
Acknowledgement by the Employee. The Employee acknowledges that (a) the Employee’s services to be performed for the Corporation Xxxxxxx are of a special and unique nature; (b) the Corporation operates in a highly competitive environment and would be substantially harmed if the Employee were to compete with the Corporation or divulge its confidential informationinformation or engage in activities prohibited by this Section 2; (c) the Employee has received valuable and sufficient consideration for entering into this Agreement, including but not limited to employment with the CorporationXxxxxxx, and the receipt of Confidential Information; and (d) the provisions of this Section 2, including all of its subparts, are reasonable and necessary to protect the Corporation’s business.
Appears in 2 contracts
Samples: Employment Agreement (Lendway, Inc.), Employment Agreement (Lendway, Inc.)
Acknowledgement by the Employee. The Employee acknowledges that (a) the Employee’s services to be performed for the Corporation are of a special and unique nature; (b) the Corporation operates in a highly competitive environment and would be substantially harmed if the Employee were to compete with the Corporation or divulge its confidential information; (c) the Employee has received valuable and sufficient consideration for entering into this Agreement, including but not limited to employment with the CorporationCorporation in the promoted position of Chief Financial Offer, and the receipt of Confidential Information; and (d) the provisions of this Section 2, including all of its subparts, are reasonable and necessary to protect the Corporation’s business.
Appears in 1 contract
Samples: Non Competition, Non Solicitation, and Confidentiality Agreement (Electromed, Inc.)
