Common use of Consideration and Acknowledgements Clause in Contracts

Consideration and Acknowledgements. Executive acknowledges and agrees that the covenants described in this Section 8 are essential terms of this Agreement and that this Agreement would not be entered into by the Company in the absence of the covenants described herein. Executive acknowledges and agrees that the covenants set forth in this Section are necessary for the protection of the business interests of the Company. Executive further acknowledges that these covenants are supported by adequate consideration as set forth elsewhere in this Agreement, that full compliance with these covenants will not prevent Executive from earning a livelihood following the termination of his employment, and that these covenants do not place undue restraint on Executive and are not in conflict with any public interest. Executive acknowledges and agrees that the covenants set forth in this Section 8 are reasonable and enforceable in every respect under applicable law.