Common use of Business Relationships and Goodwill Clause in Contracts

Business Relationships and Goodwill. Executive acknowledges and agrees that, as the Executive Vice President and Chief Operating Officer of the Company, Executive has been given Confidential Information and that his services 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. Executive Severance, Release and Waiver Agreement

Appears in 1 contract

Samples: Severance, Release and Waiver Agreement (BioFuel Energy Corp.)

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Business Relationships and Goodwill. Executive acknowledges and agrees that, as the Executive Vice President and Chief Operating Executive Officer of the Company, Executive has been will be given Confidential Information and that his services have been 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. Executive Severance, Release and Waiver Agreement.

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 Operating Officer of the Company, Executive has been will be given Confidential Information and that his services have been 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. Executive Severance, Release and Waiver Agreement.

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 Operating Executive Officer of the Company, Executive has been will be given Confidential Information and that his services have been 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. Executive Severance, Release and Waiver Agreement.

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 Executive Vice President and Chief Operating Financial Officer of the Company, Executive has been will be given Confidential Information and that his services have been 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. Executive Severance, Release and Waiver Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (BioFuel Energy Corp.)

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