Executive Acknowledges Clause Samples

Executive Acknowledges. (i) the business of medical devices in general, and orthotics in particular, in which Myomo is engaged, is intensely competitive and that his employment by Myomo will require that he have access to and knowledge of confidential information of Myomo, including, but not limited to, their plans for product expansion, marketing, financial information, profit margins, customer relationships, industry contacts, vendor and management contracts and other services, plans, rules and regulations, personnel information, and other trade secrets of Myomo, all of which are of vital importance to the success of their business (collectively, “Confidential Information”); (ii) the direct or indirect disclosure of any Confidential Information, particularly information regarding Myomo’s plans and strategies, financial information, profit margins, research and development efforts or customer relationships would place Myomo at a serious competitive disadvantage and would do serious damage, financial and otherwise, to its business; (iii) by his training, experience, expertise and access to Myomo’s customers, clients, investors, consultants, strategic partners, employees and affiliates, Executive’s services to Myomo are special and unique; and (iv) if Executive leaves Myomo’s employ to work for a competitive business as defined below, in any capacity, or solicits its customers, business partners, vendors or employees to cease doing business during the restrictive periods, it would cause Myomo irreparable harm.
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Executive Acknowledges. (i) the business of cannabis, in which the Company is engaged, is intensely competitive and that Executive’s employment by the Company will require that Executive have access to and knowledge of confidential information of the Company, including, but not limited to, their plans for product expansion, marketing, financial information, profit margins, customer relationships, industry contacts, vendor and management contracts and other services, plans, rules and regulations, personnel information, and other trade secrets of the Company, all of which are of vital importance to the success of their business (collectively, “Confidential Information”); (ii) the direct or indirect disclosure of any Confidential Information, particularly information regarding the Company’s plans and strategies, financial information, profit margins or customer relationships would place the Company at a serious competitive disadvantage and would do serious damage, financial and otherwise, to its business; (iii) by Executive’s training, experience, expertise and access to the Company’s customers, clients, investors, consultants, strategic partners, employees and affiliates, Executive’s services to the Company are special and unique; and (iv) if Executive leaves the Company’s employ to work for a competitive business as defined below, in any capacity, or solicits its customers, business partners, vendors or employees to cease doing business during the restrictive periods, it would cause the Company irreparable harm.
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Executive Acknowledges. (a) that the Group is in a unique and highly specialised business; (b) that the Group’s market is international in scope with a limited number of competitors; (c) that the Group possess a valuable body of Confidential Information; (d) that the Group will give her access to Confidential Information in order to carry out her duties; (e) that Executive’s duties include, without limitation, a duty of trust and confidence and a duty to act at all times in the best interests of the Group; (f) that Executive’s knowledge of Confidential Information directly benefits her by enabling her to perform his duties; (g) that unless required for the performance of her duties the disclosure of any Confidential Information to any actual or potential competitor of the Group will place the Group at a serious competitive disadvantage and would cause immeasurable (financial and other) damage to the Relevant Business; (h) that if, on leaving the employment of the Company, she was to hold any position in any actual or potential competitor to the Relevant Business, it could place the Group at a serious competitive disadvantage and would cause immeasurable (financial and other) damage to the Relevant Business.
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Related to Executive Acknowledges

  • Executive Acknowledgment Executive acknowledges (a) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement, and has been advised to do so by the Company, and (b) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment.

  • Executive Acknowledgement Executive acknowledges that Executive has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on Executive’s own judgment. [Signature Page Follows]

  • Employee Acknowledgment Employee acknowledges (i) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement and has been advised to do so by the Company, and (ii) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment.

  • Employee Acknowledgements Employee acknowledges and agrees that: (a) he has read this Agreement; (b) he is fully competent to execute this Agreement which he understands to be contractual; (c) he executes this Agreement of his own free will, after having a reasonable period of time to review, study, and deliberate regarding its meaning and effect and to consult with counsel regarding same; and (d) executes this Agreement without reliance on any representation of any kind or character not expressly set forth herein.

  • Employee Acknowledgement Executive acknowledges that Executive has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on Executive’s own judgment.