Common use of Acknowledgment by Employee Clause in Contracts

Acknowledgment by Employee. The Employee acknowledges and confirms that (a) the restrictive covenants contained in this Section 6 are reasonably necessary to protect the legitimate business interests of the Company, and (b) the restrictions contained in this Section 6 (including without limitation the length of the term of the provisions of this Section 6) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in this Section 6 will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company is such as would cause the Company serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms of this Section 6. The Employee further acknowledges that the restrictions contained in this Section 6 are intended to be, and shall be, for the benefit of and shall be enforceable by, the Company's successors and assigns.

Appears in 4 contracts

Samples: Employment Agreement (Applica Inc), Employment Agreement (Applica Inc), Employment Agreement (Windmere Durable Holdings Inc)

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Acknowledgment by Employee. The Employee acknowledges and confirms that (a) the restrictive covenants contained in this Section 6 are reasonably necessary to protect the legitimate business interests of the CompanyEmployer, and (bb ) the restrictions contained in this Section 6 (including without limitation the length of the term of the provisions of this Section 6) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, ,uninhibited and faithful observance of each of the covenants contained in this Section 6 will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company Employer is such as would cause the Company Employer serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company Employer in violation of the terms of this Section 6. The Employee further acknowledges that the restrictions contained in this Section 6 are intended to be, and shall be, for the benefit of and shall be enforceable by, the CompanyEmployer's successors and assigns.

Appears in 2 contracts

Samples: Employment Agreement (New Millennium Media International Inc), Employment Agreement (New Millennium Media International Inc)

Acknowledgment by Employee. The Employee acknowledges and confirms that (a) the restrictive covenants contained in this Section Article 6 are reasonably necessary to protect the legitimate business interests of the CompanyCorporation, and (b) the restrictions contained in this Section Article 6 (including without limitation the length of the term of the provisions of this Section Article 6) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in this Section Article 6 will not cause him his any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him his or otherwise to obtain income required for the comfortable support of him his and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company Corporation is such as would cause the Company Corporation serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company Corporation in violation of the terms of this Section Article 6. The Employee further acknowledges that the restrictions contained in this Section Article 6 are intended to be, and shall be, for the benefit of and shall be enforceable by, the Company's Corporation’s successors and assigns.

Appears in 1 contract

Samples: Employment Agreement (Brickell Biotech, Inc.)

Acknowledgment by Employee. The Employee acknowledges and confirms that (a) the restrictive covenants contained in this Section 6 are reasonably necessary to protect the legitimate business interests of the Company, and (b) the restrictions contained in this Section 6 (including without limitation the length of the term of the provisions of this Section 6) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in this Section 6 will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company is such as would cause the Company serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms of this Section 6. The Employee further acknowledges that the restrictions contained in this Section 6 are intended to be, and shall be, for the benefit of and shall be enforceable by, the Company's ’s successors and assigns.

Appears in 1 contract

Samples: Employment Agreement (Applica Inc)

Acknowledgment by Employee. The Employee acknowledges and confirms that (a) the restrictive covenants contained in this Section Article 6 are reasonably necessary to protect the legitimate business interests of the Company, and (b) the restrictions contained in this Section Article 6 (including without limitation the length of the term of the provisions of this Section Article 6) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in this Section Article 6 will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company is such as would cause the Company serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms of this Section Article 6. The Employee further acknowledges that the restrictions contained in this Section Article 6 are intended to be, and shall be, for the benefit of and shall be enforceable by, the Company's successors and assigns.

Appears in 1 contract

Samples: Employment Agreement (Panamerican Beverages Inc)

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Acknowledgment by Employee. The Employee acknowledges and confirms that (ai) the restrictive covenants contained in this Section 6 8 are reasonably necessary to protect the legitimate business interests of the Company, and (bii) the restrictions contained in this Section 6 8 (including without limitation the length of the term of the provisions of this Section 6) 8) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in this Section 6 8 will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company is such as would cause the Company serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms of this Section 68. The Employee further acknowledges that the restrictions contained in this Section 6 8 are intended to be, and shall be, for the benefit of and shall be enforceable by, the Company's ’s successors and assigns.

Appears in 1 contract

Samples: Separation and Severance Agreement (Celsius Holdings, Inc.)

Acknowledgment by Employee. The Employee acknowledges and confirms that (a) the restrictive covenants contained in this Section 6 are reasonably necessary to protect the legitimate business interests of the CompanyEmployer, and (b) the restrictions contained in this Section 6 (including without limitation the length of the term of the provisions of this Section 6) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Employee further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in this Section 6 will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his creditors. The Employee acknowledges and confirms that his special knowledge of the business of the Company Employer is such as would cause the Company Employer serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company Employer in violation of the terms of this Section 6. The Employee further acknowledges that the restrictions contained in this Section 6 are intended to beb, and shall be, for the benefit of and shall be enforceable by, the CompanyEmployer's successors and assigns.

Appears in 1 contract

Samples: Employment Agreement (New Millennium Media International Inc)

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