Common use of Enforcement and Remedies Clause in Contracts

Enforcement and Remedies. Executive understands that the restrictions set forth in paragraph 4(a) may limit Executive's ability to engage in the solicitation of employees of the Company and its subsidiaries and affiliates, but acknowledges that Executive will receive sufficiently high remuneration and other benefits under this Agreement to justify such restriction. Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article by Executive, and Company shall be entitled to enforce the provisions of this Article by specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article, but shall be in addition to all remedies available at law or in equity to Company, including without limitation, the recovery of damages from Executive and Executive's agents involved in such breach and remedies available to Company pursuant to other agreements with Executive.

Appears in 6 contracts

Samples: Severance Agreement (Marine Drilling Companies Inc), Severance Agreement (Marine Drilling Companies Inc), Severance Agreement (Marine Drilling Companies Inc)

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Enforcement and Remedies. Executive understands that the restrictions set forth in paragraph 4(a) 6.1 may limit Executive's ability to engage in the solicitation of employees of the Company and its subsidiaries and affiliates, but acknowledges that Executive will receive sufficiently high remuneration and other benefits under this Agreement to justify such restriction. Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article by Executive, and Company shall be entitled to enforce the provisions of this Article by specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article, but shall be in addition to all remedies available at law or in equity to Company, including without limitation, the recovery of damages from Executive and Executive's agents involved in such breach and remedies available to Company pursuant to other agreements with Executive.

Appears in 2 contracts

Samples: Employment Agreement (Marine Drilling Companies Inc), Employment Agreement (Marine Drilling Companies Inc)

Enforcement and Remedies. Executive understands that the restrictions set forth in paragraph 4(a) may limit Executive's ability to engage in the solicitation of employees of the Company and its subsidiaries and affiliates, but acknowledges that Executive will receive sufficiently high remuneration and other benefits under this Agreement to justify such restriction. Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article by Executive, and Company shall be entitled to enforce the provisions of this Article by terminating any payments then owing to Executive under this Agreement and/or to specific performance and injunctive relief as remedies for such breach or any threatened breach, provided, however, that payments then owing to Executive may not be terminated unless the Board of Directors determines that such breach by Executive has directly resulted or could reasonably be expected to result in a material adverse economic impact on Company business. Such remedies shall not be deemed the exclusive remedies for a breach of this Article, but shall be in addition to all remedies available at law or in equity to Company, including without limitation, the recovery of damages from Executive and Executive's ’s agents involved in such breach and remedies available to Company pursuant to this and other agreements with Executive.

Appears in 1 contract

Samples: Employment Agreement (Edge Petroleum Corp)

Enforcement and Remedies. Executive understands that the restrictions set forth in paragraph 4(a) may limit Executive's ability to engage in the solicitation of employees of the Company and its subsidiaries and affiliates, but acknowledges that Executive will receive sufficiently high remuneration and other benefits under this Agreement to justify such restriction. Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article by Executive, and Company shall be entitled to enforce the provisions of this Article by terminating any payments then owing to Executive under this Agreement and/or to specific performance and injunctive relief as remedies for such breach or any threatened breach, provided, however, that payments then owing to Executive may not be terminated unless the Board of Directors determines that such breach by Executive has directly resulted or could reasonably be expected to result in a material adverse economic impact on the Company business. Such remedies shall not be deemed the exclusive remedies for a breach of this Article, but shall be in addition to all remedies available at law or in equity to Company, including without limitation, the recovery of damages from Executive and Executive's agents involved in such breach and remedies available to Company pursuant to this and other agreements with Executive.

Appears in 1 contract

Samples: Employment Agreement (Edge Petroleum Corp)

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Enforcement and Remedies. Executive understands that the restrictions set forth in paragraph 4(a) 5.1 may limit Executive's ability to engage in certain businesses anywhere in the solicitation of employees of world during the Company and its subsidiaries and affiliatesperiod provided for above, but acknowledges that Executive will receive sufficiently high remuneration and other benefits under this Agreement to justify such restriction. Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article by Executive, and Company shall be entitled to enforce the provisions of this Article by specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article, but shall be in addition to all remedies available at law or in equity to Company, including without limitation, the recovery of damages from Executive and Executive's agents involved in such breach and remedies available to Company pursuant to other agreements with Executive.

Appears in 1 contract

Samples: Employment Agreement (Marine Drilling Companies Inc)

Enforcement and Remedies. Executive understands that the restrictions set forth in paragraph 4(a) may limit Executive's ability to engage in the solicitation of employees of the Company and its subsidiaries and affiliates, but acknowledges that Executive will receive sufficiently high remuneration and other benefits under this Agreement to justify such restriction. Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article by Executive, and Company shall be entitled to enforce the provisions of this Article by terminating any payments then owing to Executive under this Agreement and/or to specific performance and injunctive relief as remedies for such breach or any threatened breach; provided, however, that payments then owing to Executive may not be terminated unless the Board of Directors determines that such breach by Executive has directly resulted or could reasonably be expected to result in a material adverse economic impact on the Company's business. Such remedies shall not be deemed the exclusive remedies for a breach of this Article, but shall be in addition to all remedies available at law or in equity to Company, including without limitation, the recovery of damages from Executive and Executive's agents involved in such breach and remedies available to Company pursuant to this and other agreements with Executive.

Appears in 1 contract

Samples: Employment Agreement (Seagull Energy Corp)

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