Common use of Covenant Not to Compete or Solicit Business Clause in Contracts

Covenant Not to Compete or Solicit Business. (a) Xxxxxxxx agrees that, to enable you to perform your duties with Xxxxxxxx, it will provide you during the Term with business information concerning Xxxxxxxx and its operations and plans that is confidential and not public. You hereby acknowledge and agree that (i) Xxxxxxxx would not have entered into this Agreement if you had not executed and delivered this Agreement to Xxxxxxxx and agreed to the provisions of this Section 5; and (ii) you have had access to information that is highly confidential to Xxxxxxxx, that constitutes a valuable, special and unique asset of Xxxxxxxx, and with respect to which Xxxxxxxx is entitled to the protections afforded by this Section 5 and to the remedies for enforcement of this Agreement provided by law or in equity (including, without limitation, those remedies the availability of which may be within the discretion of the court or arbitrator that presides over any action for enforcement of this Agreement is brought and that if you).

Appears in 3 contracts

Samples: Severance Benefits Agreement (Quintana Maritime LTD), Severance Benefits Agreement (Quintana Maritime LTD), Severance Benefits Agreement (Quintana Maritime LTD)

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Covenant Not to Compete or Solicit Business. (a) Xxxxxxxx agrees that, to enable you to perform your duties with Xxxxxxxx, it will provide you during the Term with business information concerning Xxxxxxxx and its operations and plans that is confidential and not public. You hereby acknowledge and agree that (i) Xxxxxxxx would not have entered into this Agreement if you had not executed and delivered this Agreement to Xxxxxxxx and agreed to the provisions of this Section 5; and (ii) you have had access to information that is highly confidential to Xxxxxxxx, that constitutes a valuable, special and unique asset of Xxxxxxxx, and with respect to which Xxxxxxxx is entitled to the protections afforded by this Section 5 and to the remedies for enforcement of this Agreement provided by law or in equity (including, without limitation, those remedies the availability of which may be within the discretion of the court or arbitrator that presides over any action for enforcement of this Agreement is brought and that if youyou ).

Appears in 1 contract

Samples: Severance Benefits Agreement (Quintana Maritime LTD)

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