Common use of Acknowledgment of Need for Restrictive Covenants Clause in Contracts

Acknowledgment of Need for Restrictive Covenants. Executive acknowledges the necessity of the restrictive covenants set forth herein to: protect the Company's legitimate interests in its Confidential Information; protect the Company's competitive business advantage, customer relations and the goodwill with customers and suppliers that the Company has established at its substantial investment; and protect the Company as a result of providing Executive with specialized knowledge, training and insight regarding Company's operations. Executive further agrees and acknowledges that the restrictive covenant is a reasonable limitation as to time, geographic area and scope of activities to be restricted and that such restrictions do not impose a greater restraint on Executive than is necessary to protect the goodwill, Confidential Information, and other legitimate business interests of the Company.

Appears in 6 contracts

Samples: Employment Agreement (IRONCLAD ENCRYPTION Corp), Employment Agreement (IRONCLAD ENCRYPTION Corp), Employment Agreement (IRONCLAD ENCRYPTION Corp)

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Acknowledgment of Need for Restrictive Covenants. Executive acknowledges the necessity of the restrictive covenants set forth herein to: protect the Company's legitimate interests in its Confidential Information; protect the Company's competitive business advantage, customer relations and the goodwill with customers and suppliers that the Company has established at its substantial investment; and protect the Company as a result of providing Executive with specialized knowledge, training and insight regarding Company's operations. Executive further agrees and acknowledges that the restrictive covenant is a reasonable limitation as to time, geographic area and scope of activities to be restricted and that such restrictions do not impose a greater restraint on Executive than is necessary to protect the goodwill, Confidential Information, and other legitimate business interests of the Company.. EMPLOYMENT AGREEMENT

Appears in 1 contract

Samples: Employment Agreement (IRONCLAD ENCRYPTION Corp)

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