Acknowledgement Regarding Covenants Sample Clauses
The Acknowledgement Regarding Covenants clause serves to confirm that a party is aware of and agrees to the specific promises or obligations (covenants) set forth in the agreement. Typically, this clause requires the party to explicitly recognize their understanding and acceptance of these covenants, which may include ongoing duties such as maintaining confidentiality, meeting performance standards, or refraining from certain actions. Its core practical function is to ensure that all parties are on record as having acknowledged these obligations, thereby reducing the risk of future disputes over whether the covenants were understood or agreed to.
Acknowledgement Regarding Covenants. Executive acknowledges and agrees that the promises and restrictive covenants set forth in this Paragraph 9 are reasonable and necessary to protect the interest of the Company and reasonably limited in time, scope and territory. Executive acknowledges that, given his former position and the information he possesses regarding the Company and its operations, the business of the Company would be substantially and materially damaged in the event of any violation of the promises and covenants herein contained, and the Company shall be entitled (in addition to any other remedy that may be available to it) to (i) a decree or order for specific performance of any such promise or covenant and (ii) an injunction restraining the violation or threatened violation of any such promise or covenant. The covenants of Employee contain in this Paragraph 9 shall survive the expiration of this Agreement or the termination of this Agreement by either party.
Acknowledgement Regarding Covenants. Executive acknowledges and agrees that the promises and restrictive covenants set forth in this Paragraph 9 are reasonable and necessary to protect the interests of the Company and reasonably limited in time, scope and territory. Executive acknowledges that, given his former position and the information he possesses regarding the Company and its operations, the business of the Company would be substantially and materially damaged in the event of any violation of the promises and covenants herein contained, and the Company shall be entitled (in addition to any other remedy that may be available to it) to (i) a decree or order for specific performance of any such promise or covenant and (ii) an injunction restraining the violation or threatened violation of any such promise or covenant. In addition, Employee shall immediately forfeit all rights to any payments or benefits to which he may be otherwise entitled under this Agreement in the event of a breach of any of the covenants given in this Paragraph 9. The covenants of Employee contained in this Paragraph 9 shall survive the expiration of this Agreement or the termination of this Agreement by either party.
Acknowledgement Regarding Covenants. You agree that your promises and agreements in this Section 4 are reasonable and necessary to protect Catalina’s interests and are reasonably limited in time, scope and area. Given your position and the information you now have and will have regarding Catalina, and the business relationships and goodwill which you will be responsible for developing on behalf of Catalina, you agree that Catalina will be greatly damaged if you violate these promises and agreements. If you do breach this Section 4, you agree that Catalina will be entitled (in addition to any other remedy it may have) to (i) a decree or order for specific performance of the promise or covenant. and (ii) an injunction restraining the violation or threatened violation of the promise or covenant. In addition (and without affecting any of Catalina’s other remedies), since any violation of Section 4 will be contrary to Catalina’s interests and by your violation you will no longer be acting in accordance with the long term interests of Catalina, if you do breach Section 4 you agree to give up any future payments or benefits you otherwise may have under this Agreement and also to reimburse Catalina for all payments or benefits provided to you under this Agreement (other than those constituting earned wages under applicable law).
Acknowledgement Regarding Covenants. Executive acknowledges and agrees that the promises and restrictive covenants set forth in this Agreement are reasonable and necessary to protect the interests of the Employer and reasonably limited in time, scope and territory. Executive acknowledges that, given his former position and the information he possesses regarding the Employer and its operations, the business of the Employer would be substantially and materially damaged in the event of any violation of the promises and covenants in this paragraph 4, and the Employer shall be entitled (in addition to any other remedy that may be available to it) to (i) a decree or order for specific performance of any such promise or covenant and (ii) an injunction restraining the violation or threatened violation of any such promise or covenant. In addition, Executive shall immediately forfeit all rights to any payments or benefits to which he may be otherwise entitled under this Agreement in the event of a breach of any of the covenants given in this Agreement. If Employer, not in good faith, terminates any payments to Executive, the Employer shall pay all costs incurred by Executive, including actual legal fees, in connection with the recovery of any amounts due him under this Agreement.
Acknowledgement Regarding Covenants. Executive acknowledges and agrees that the promises and restrictive covenants set forth in this Paragraph 12 are reasonable and necessary to protect the legitimate interest of the Company and are reasonably limited in time, scope and territory. Executive acknowledges that, given his former position and the information he possesses regarding the Company and their operations, the business of the Company, its subsidiaries and/or its affiliates, would be substantially and materially damaged in the event of any violation of the promises and covenants herein contained, and the Company shall be entitled (in addition to any other remedy that may be available to it) to (i) a decree or order for specific performance of any such promise or covenant and (ii) an injunction restraining the violation or threatened violation of any such promise or covenant. In the event a court determines that any provision(s) regarding these restrictive covenants is (are) unenforceable, the parties mutually agree that the court shall modify the provision(s) to make them enforceable and shall full enforce any modified provisional(s).
Acknowledgement Regarding Covenants. The Executive agrees that the Executive’s promises and agreements in this Section 5 are reasonable and necessary to protect the Company’s interests and are reasonably limited in time, scope and area. Given the Executive’s position and the information the Executive now has and will have regarding the Company, and the business relationships and goodwill which the Executive will be responsible for developing on behalf of the Company, the Executive agrees that the Company will be greatly damaged if the Executive violates these promises and agreements. If the Executive does breach this Section 5, the Executive agrees that the Company will be entitled (in addition to any other remedy it may have) to obtain (i) a decree or order for specific performance of the promise or covenant; and (ii) an injunction restraining the violation or threatened violation of the promise or covenant. In addition (and without affecting any of the Company’s other remedies), if the Executive does breach this Section 5 following any termination of employment with the Company, the Company will be entitled to cease making payment and providing benefits otherwise required under Article IV of this Agreement; provided, that, if and for so long as Executive is disputing as to whether such breach has actually occurred, instead of ceasing to make payments and provide benefits, the Company shall set aside into an interest bearing account the amounts that would otherwise have been payable to Executive absent such breach under the terms of this Agreement and such amounts shall be delivered (with interest) to Executive upon a final determination by a court of competent jurisdiction that such breach has not occurred. In the event that it is finally determined by a court of competent jurisdiction that a breach has occurred, the amounts placed in escrow shall be delivered back to the Company (with interest).