Common use of Acknowledgements Regarding Other Promises and Covenants Clause in Contracts

Acknowledgements Regarding Other Promises and Covenants. With regard to the promises and covenants set forth herein, Executive acknowledges and agrees that: (a) the restrictions are ancillary to an otherwise enforceable agreement including the provisions of this Agreement regarding the disclosure, ownership and use of the Confidential Information and Goodwill of Company; (b) the limitations as to time, geographical area, and scope of activity to be restricted are reasonable and acceptable to Executive, and do not impose any greater restraint than is reasonably necessary to protect the Goodwill and other legitimate business interests of Company; (c) the performance by Executive, and the enforcement by Company, of such promises and covenants will cause no undue hardship on Executive; (d) the time periods covered by the promises and covenants will not include any period(s) of violation of, or any period(s) of time required for litigation brought by Company to enforce any such promise or covenant, it being understood that the extension of time provided in this paragraph may not exceed two (2) years.

Appears in 14 contracts

Samples: Employment Agreement (Applied Genetic Technologies Corp), Employment Agreement (Applied Genetic Technologies Corp), Employment Agreement (Applied Genetic Technologies Corp)

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Acknowledgements Regarding Other Promises and Covenants. With regard to the promises and covenants set forth herein, Executive acknowledges you acknowledge and agrees agree that: (ai) the restrictions are ancillary to an otherwise enforceable agreement including the provisions of this Agreement regarding the disclosure, ownership and use of the Confidential Information and Goodwill of CompanyGoodwill; (bii) the limitations as to time, geographical area, and scope of activity to be restricted are reasonable and acceptable to Executiveyou, and do not impose any greater restraint than is reasonably necessary to protect the Goodwill and other legitimate business interests of the Company; (ciii) the performance by Executiveyour performance, and the enforcement by the Company, of such promises and covenants will cause no undue hardship on Executive;you; and (div) the time periods covered by the promises and covenants will not include any period(s) of violation of, or any period(s) of time required for litigation brought by the Company to enforce any such promise or covenant, it being understood that the extension of time provided in this paragraph may not exceed two (2) years.

Appears in 11 contracts

Samples: Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.), Executive Employment Agreement (Spirit of Texas Bancshares, Inc.)

Acknowledgements Regarding Other Promises and Covenants. With regard to the promises and covenants set forth herein, Executive acknowledges and agrees that: (a) the restrictions are ancillary to an otherwise enforceable agreement including the provisions of this Agreement regarding the disclosure, ownership and use of the Confidential Information and Goodwill of Company; (b) the limitations as to time, geographical area, and scope of activity to be restricted are reasonable and acceptable to Executive, and do not impose any greater restraint than is reasonably necessary to protect the Goodwill and other legitimate business interests of Company; (c) the performance by Executive, and the enforcement by Company, of such promises and covenants will cause no undue hardship on Executive; (d) Executive will play a key business role for the Company in which he will have access to the Company's Confidential Information and Goodwill; (e) the time periods covered by the promises and covenants will not include any period(s) of violation of, or any period(s) of time required for litigation brought by Company to enforce any such promise or covenant, it being understood that the extension of time provided in this paragraph may not exceed two (2) years.

Appears in 3 contracts

Samples: Employment Agreement (Macrogenics Inc), Employment Agreement (Macrogenics Inc), Employment Agreement (Macrogenics Inc)

Acknowledgements Regarding Other Promises and Covenants. With regard to the promises and covenants set forth herein, Executive acknowledges and agrees that: (a) the restrictions are ancillary to an otherwise enforceable agreement including the provisions of this Agreement regarding the disclosure, ownership and use of the Confidential Information and Goodwill of Company; (b) the limitations as to time, geographical area, and scope of activity to be restricted are reasonable and acceptable to Executive, and do not impose any greater restraint than is reasonably necessary to protect the Goodwill and other legitimate business interests of Company; (c) the performance by Executive, and the enforcement by Company, of such promises and covenants will cause no undue hardship on Executive; and d) Executive will play a key business role for the Company in which Executive will have access to the Company’s Confidential Information and Goodwill; (de) the time periods covered by the promises and covenants will not include any period(s) of violation of, or any period(s) of time required for litigation brought by Company to enforce any such promise or covenant, it being understood that the extension of time provided in this paragraph may not exceed two (2) years.

Appears in 1 contract

Samples: Employment Agreement (Macrogenics Inc)

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Acknowledgements Regarding Other Promises and Covenants. With regard to the promises and covenants set forth herein, Executive acknowledges and agrees that: (a) the restrictions are ancillary to an otherwise enforceable agreement including the provisions of this Agreement regarding the disclosure, ownership and use of the Confidential Information and Goodwill of Company; (b) the limitations as to time, geographical area, and scope of activity to be restricted are reasonable and acceptable to Executive, and do not impose any greater restraint than is reasonably necessary to protect the Goodwill and other legitimate business interests of Company; (c) the performance by Executive, and the enforcement by Company, of such promises and covenants will cause no undue hardship on Executive; (d) Executive will play a key business role for the Company in which he will have access to the Company’s Confidential Information and Goodwill; (e) the time periods covered by the promises and covenants will not include any period(s) of violation of, or any period(s) of time required for litigation brought by Company to enforce any such promise or covenant, it being understood that the extension of time provided in this paragraph may not exceed two (2) years.

Appears in 1 contract

Samples: Employment Agreement (Macrogenics Inc)

Acknowledgements Regarding Other Promises and Covenants. With regard to the promises and covenants set forth herein, Executive acknowledges and agrees that: (a) the restrictions are ancillary to an otherwise enforceable agreement including the provisions of this Agreement regarding the disclosure, ownership and use of the Confidential Information and Goodwill of Company; (b) the limitations as to time, geographical area, and scope of activity to be restricted are reasonable and acceptable to Executive, and do not impose any greater restraint than is reasonably necessary to protect the Goodwill and other legitimate business interests of Company; (c) the performance by Executive, and the enforcement by Company, of such promises and covenants will cause no undue hardship on Executive; and d) Executive will play a key business role for the Company in which Executive will have access to the Company's Confidential Information and Goodwill; (de) the time periods covered by the promises and covenants will not include any period(s) of violation of, or any period(s) of time required for litigation brought by Company to enforce any such promise or covenant, it being understood that the extension of time provided in this paragraph may not exceed two (2) years.

Appears in 1 contract

Samples: Employment Agreement (Macrogenics Inc)

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