Common use of Agreed Remedies Clause in Contracts

Agreed Remedies. In the event the Employee violates any of the terms and provisions set forth above in Paragraph Six and continues to violate any such provisions after the Company has notified him to cease and desist from such violations, the Employee understands and expressly agrees that the Company may, at its sole option, elect to enforce any or all of the following remedies: (A) The Employee consents to the entry of an injunction without contest if sought by the Company to restrain Employee from any further such violations; (B) If the Employee violates the provisions of Paragraph Six, the Employee agrees to pay the Company, as liquidated damages, an amount equal to 100% of the revenues Employee receives from using the Information.

Agreed Remedies. In the event the Employee violates any of the terms and provisions set forth above in Paragraph Six and continues to violate any such provisions after the Company has notified him to cease and desist from such violations, the Employee understands and expressly agrees that the Company may, at its sole option, elect to enforce any or all of the following remedies: (A) The Employee consents to the entry of an injunction without contest if sought by the Company to restrain Employee from any further such violations; (B) If the Employee violates the provisions of Paragraph Six5, the Employee agrees to pay the Company, as liquidated damages, an amount equal to 100% of the revenues Employee receives from using the Information.