Common use of Effect of Non-Compliance Clause in Contracts

Effect of Non-Compliance. You acknowledge that monetary damages may not be sufficient to compensate the Company for any economic loss which may be incurred by reason of your breach of the restrictive covenants set forth in Section 1 of this Part Five. Accordingly, in the event of any breach of those covenants, the Company shall be entitled to obtain, in addition to any remedies available at law, equitable relief in the form of an injunction precluding you from continuing such breach. In addition, any salary/target bonus continuation payments, Option acceleration, Health Care Coverage or outplacement services to which you become entitled under Part Two or Part Three of this letter agreement shall immediately cease should you fail to comply with any of the restrictive covenants set forth in Section 1 of this Part Five.

Effect of Non-Compliance. You acknowledge that monetary damages may not be sufficient to compensate the Company or affiliate of the Company, as applicable, for any economic loss which may be incurred by reason of your breach of the restrictive covenants set forth in Section Paragraph 1 of this Part Five. Accordingly, in the event of any breach of those covenants, the Company or one of its affiliates, as applicable, shall be entitled to obtain, in addition to any remedies available at law, equitable relief in the form of an injunction precluding you from continuing such breach. In addition, any salary/target bonus continuation payments, Option acceleration, Health Care Coverage or outplacement services acceleration to which you become entitled under Part Two or Part Three of this letter agreement shall immediately cease should you fail to comply with any of the restrictive covenants set forth in Section Paragraph 1 of this Part Five.