Consideration for Restrictive Covenants. Executive acknowledges that the execution of this Agreement and compliance with it by the Company shall constitute fair and adequate consideration for Executive’s compliance with the restrictive covenants contained in the respective sections of this Agreement.
Consideration for Restrictive Covenants. In addition to the consideration to be received by the Employee during the Term of this Agreement and in exchange for the continuous performance of his obligations under Sections 4.1(a) and 4.1(b), upon expiration of the Term, upon Employee’s termination without Cause, the payment by the Company of the payments outlined in Section 3.2(c) shall be considered adequate consideration for the Restrictive Covenants. In the event Employee is terminated for Cause pursuant to Section 3.1(b) or in the event Employee elects to terminate his employment, consideration received from the Effective Date of this Agreement shall be considered adequate for the Restrictive Covenants and Employee shall not be entitled to any additional consideration. The Employee acknowledges that such consideration constitutes sufficient and adequate consideration for the Employee’s agreement to the Restrictive Covenants. The Employee further acknowledges that, given the nationwide character of the Company’s business, the Restrictive Covenants and their geographic area and duration are reasonable.
Consideration for Restrictive Covenants. Severance Benefits paid under this Agreement to Executive shall constitute consideration for Executive’s agreement to be bound by the restrictive covenants set forth in this Article 4.
Consideration for Restrictive Covenants. The restrictive covenants contained in this Section 10 are supported by consideration to Participant from the USAC Entities as specified in this Agreement, including, but not limited to, the consideration provided in Sections 1 and 9. Participant agrees that the restrictive covenants contained in this Section 10 are in exchange for the consideration specified herein, as a material incentive for the Partnership to enter into this Agreement, to help enforce Participant’s agreement not to use or disclose Confidential Information and Protected Relationships as set forth in Section 9, and to protect the USAC Entities’ goodwill which Participant will help develop during Participant’s period of Service.
Consideration for Restrictive Covenants. Employee acknowledges that the execution of this Agreement and compliance with it by Employer shall constitute fair and adequate consideration for Employee's compliance with the restrictive covenants contained in the respective sections of this Agreement.
Consideration for Restrictive Covenants. You acknowledge and agree that the Company has provided significant, valuable, actual, knowing, and bargained-for consideration in return for Your agreement to the employment restrictions set forth in Sections 7(e)(ii) through 7(e)(v) above, including Your offer of employment, title, compensation and benefits under this Agreement, and other good and valuable consideration.
Consideration for Restrictive Covenants. In connection with this Agreement, Executive is agreeing to certain restrictions on Executive’s post-employment activities, as set forth herein. In exchange for the restrictive covenants contained herein, Executive is being offered and accepts the valuable consideration described herein, including the Bank’s agreeing to continue to employ Executive in an at-will employment relationship while granting Executive access or continuing access to the Bank’s proprietary and confidential business information, including customer relationships, as its employee acting in good faith and in the Bank’s best interests.
Consideration for Restrictive Covenants. In addition to the consideration to be received by the Employee during the Term of this Amended Agreement and in exchange for the continuous performance of her obligations under Sections 4.1(a) and 4.1(b), upon expiration of the Term, upon Employee’s termination without Cause, or upon the Employee’s election to terminate her employment for Good Reason, the payment by the Company of the payments outlined in Section 3.2(c) shall be considered adequate consideration for the Restrictive Covenants. In the event Employee is terminated for Cause pursuant to Section 3.1(b) or in the event Employee elects to terminate her employment without Good Reason pursuant to Section 3.1(d), consideration received from the Effective Date of this Amended Agreement shall be considered adequate for the Restrictive Covenants and Employee shall not be entitled to any additional consideration. The Employee acknowledges that such consideration constitutes sufficient and adequate consideration for the Employee’s agreement to the Restrictive Covenants. The Employee further acknowledges that, given the nationwide character of the Company’s business, the Restrictive Covenants and their geographic area and duration are reasonable.
Consideration for Restrictive Covenants. Employee acknowledges that as consideration for the Employee’s agreement to the obligations in the Non-Solicitation and Non-Compete restrictive covenants and other obligations for the benefit of the Company Group set forth in this Article 4, the Employee shall be employed by the Employer, receive payment of the Base Salary and certain benefits by Employer to Employee of amounts that may hereafter be paid to Employee pursuant to the terms hereof, and receive Confidential Information (as defined herein) from the Company Group, as described in section 4.2 hereof and the Assignment of Invention Agreement, to enable him to perform his duties hereunder.
Consideration for Restrictive Covenants. (a) The primary intent of Employer throughout this Agreement, and with particular emphasis on Article VIII hereof, is to secure from Employee his Covenant Not To Compete against Employer by becoming directly or indirectly involved with competitors. The parties agree that the payments to be made by Employer to Employee and the restrictions upon Employee's activities, in the event of the occurrence of any of the stated circumstances, are fair, reasonable and will not be onerous or unduly burdensome to Employee. Employee further agrees that the compensation provided for in the Agreement and the potential Bonus adequately compensates Employee for his agreement to enter into the restrictive covenants and acknowledges that his experience and capabilities are such that the provisions of this Agreement will not prevent him from earning a livelihood, particularly with respect to potential employers which are not listed on Exhibit C. ---------
(b) It is understood and agreed that an actual or threatened breach by Employee of any of the provisions of Articles VII or VIII hereof may immediately result in a significant and substantial impairment of Employer's competitive advantage and position in the marketplace, which may or could threaten the continued viability and/or success of Employer. It is further agreed that Employer may have no adequate remedy at law. Accordingly, in the event of a reasonably perceived actual or threatened breach of any provisions of Article VII or VIII, Employee acknowledges and agrees that a breach of this Agreement by him will cause irreparable damage to Employer. In the event of such breach, Employer shall be entitled to, in addition to any and all remedies at law, an injunction restraining Employee from violating any of said provisions, specific performance or other equitable relief to prevent the violation of Employee's obligations hereunder. These remedies shall be in addition to, and not in lieu of, any other remedy available to Employer.
(c) It is further understood and agreed that for purposes of interpreting any of the provisions of Articles VII of VIII, the term "Employer" shall include any successor, assign, subsidiary or division of Employer.
