Common use of Covenants Reasonable Clause in Contracts

Covenants Reasonable. Executive hereby acknowledges that the business of the Company is highly competitive. Executive further acknowledges that this Confidentiality and Non-Competition Agreement is being entered into in connection with the Transitional Compensation Agreement, that his service to the Company will be of a special and unique character, and that he will continue to be identified personally with the Company. Executive also acknowledges that service as an executive officer of the Company will require that he have access to some of the Company’s most highly confidential business information, trade secrets and proprietary information. The parties therefore acknowledge that the restrictions contained in Sections 1 and 2 hereof are a reasonable and necessary protection of the immediate interests of the Company, and any violation of these restrictions would cause substantial injury to the Company and that the Company would not have entered into the Transitional Compensation Agreement and this Confidentiality and Non-Competition Agreement without receiving the additional consideration offered by Executive in binding himself to any of these restrictions.

Covenants Reasonable. Executive hereby acknowledges that the business of the Company is highly competitive. Executive further acknowledges that this Confidentiality and Non-Competition Agreement is being entered into in connection with the Transitional Compensation Agreement, that his service to the Company will be of a special and unique character, and that he will continue to be identified personally with the Company. Executive also acknowledges that service as an executive officer of the Company will require that he have access to some of the Company’s 's most highly confidential business information, trade secrets and proprietary information. The parties therefore acknowledge that the restrictions contained in Sections 1 and 2 hereof are a reasonable and necessary protection of the immediate interests of the Company, and any violation of these restrictions would cause substantial injury to the Company and that the Company would not have entered into the Transitional Compensation Agreement and this Confidentiality and Non-Competition Agreement without receiving the additional consideration offered by Executive in binding himself to any of these restrictions.

Covenants Reasonable. Executive hereby acknowledges that the business of the Company is highly competitive. Executive further acknowledges that this Confidentiality and Non-Competition Agreement is being entered into in connection with the Transitional Compensation Agreement, that his her service to the Company will be of a special and unique character, and that he she will continue to be identified personally with the Company. Executive also acknowledges that service as an executive officer of the Company will require that he she have access to some of the Company’s most highly confidential business information, trade secrets and proprietary information. The parties therefore acknowledge that the restrictions contained in Sections 1 and 2 hereof are a reasonable and necessary protection of the immediate interests of the Company, and any violation of these restrictions would cause substantial injury to the Company and that the Company would not have entered into the Transitional Compensation Agreement and this Confidentiality and Non-Competition Agreement without receiving the additional consideration offered by Executive in binding himself herself to any of these restrictions.