Common use of Business Relationships and Goodwill Clause in Contracts

Business Relationships and Goodwill. Executive acknowledges and agrees that, as the President and Chief Executive Officer of the Company, Executive will be given Confidential Information and that his services are unique and extraordinary. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, members, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, members, and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 1 contract

Samples: Executive Employment Agreement (BioFuel Energy Corp.)

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Business Relationships and Goodwill. Executive acknowledges and agrees that, as the President and Chief Executive Officer of the Company, Executive will be given Confidential Information and that his services are unique and extraordinary. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, members, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, members, vendors and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 1 contract

Samples: Executive Employment Agreement (BioFuel Energy Corp.)

Business Relationships and Goodwill. Executive acknowledges and agrees that, as the Executive Vice President and Chief Executive Operating Officer of the Company, Executive will be has been given Confidential Information and that his services are have been unique and extraordinary. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, members, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, members, vendors and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 1 contract

Samples: Severance Agreement (BioFuel Energy Corp.)

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Business Relationships and Goodwill. Executive acknowledges and agrees that, as the Executive Vice President and Chief Executive Operating Officer of the Company, Executive will be given Confidential Information and that his services are unique and extraordinary. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, members, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, members, and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 1 contract

Samples: Executive Employment Agreement (BioFuel Energy Corp.)

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