Common use of Essential Covenants Clause in Contracts

Essential Covenants. The Executive acknowledges that he has carefully read and considered the terms and provisions of Sections 3, 4 and 5 and knows them to be essential to induce the Company to enter into this Agreement and that any breach of such terms and provisions would result in serious and irreparable injury to the Company. The Executive further acknowledges that the Company's business interests protected thereby are substantial and legitimate. Therefore, in the event of a breach by the Executive of any such terms or provisions, the Company shall be entitled to equitable relief against the Executive by way of injunction (in addition to, but not in substitution for, any and all other relief to which the Company may be entitled at law or in equity) to restrain the Executive from such breach and to compel compliance by the Executive with his obligations hereunder. The Company shall also be entitled to seek a protective order to ensure the continued confidentiality of its trade secrets and proprietary information.

Essential Covenants. The Executive acknowledges that he she has carefully read and considered the terms and provisions of Sections 3, 4 and 5 and knows them to be essential to induce the Company to enter into this Agreement and that any breach of such terms and provisions would result in serious and irreparable injury to the Company. The Executive further acknowledges that the Company's ’s business interests protected thereby are substantial and legitimate. Therefore, in the event of a breach by the Executive of any such terms or provisions, the Company shall be entitled to equitable relief against the Executive by way of injunction (in addition to, but not in substitution for, any and all other relief to which the Company may be entitled at law or in equity) to restrain the Executive from such breach and to compel compliance by the Executive with his her obligations hereunder. The Company shall also be entitled to seek a protective order to ensure the continued confidentiality of its trade secrets and proprietary information.