Common use of Executive’s Acknowledgment Clause in Contracts

Executive’s Acknowledgment. The Executive acknowledges that he has -------------------------- carefully read and considered all of the terms of this Agreement, including particularly the terms of this Section 8 and the preceding Section 7, that each of Premier and the Company has made a substantial investment in Premier's and the Company's business and that the restrictions provided in this Section 8 and the preceding Section 7 are reasonable and necessary for Premier's and the Company's protection. The Executive further acknowledges that damages at law will not be a measurable or adequate remedy for breach of the covenants contained in this Section 8 or in Section 7 and, accordingly the Executive consents to the entry by any court of competent jurisdiction of any order enjoining him from violating any such covenants. The parties hereto further agree that if, in any judicial proceeding, a court should refuse to enforce any covenants set forth in this Section 8 or in Section 7 because of their term or geographical scope, then such covenants shall be deemed to be modified to permit their enforcement to the maximum extent permitted by law. Notwithstanding any other provision herein, the provisions of this Section 8 shall survive termination of employment under this Agreement pursuant to Section 6 hereof and/or termination of this Agreement by reason of a Failure to Renew pursuant to Section 2(b) hereof.

Appears in 3 contracts

Samples: Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc)

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Executive’s Acknowledgment. The Executive acknowledges that he has -------------------------- carefully read and considered all of the terms of this Agreement, including particularly the terms of this Section 8 and the preceding Section 7, that each of Premier and the Company has made a substantial investment in Premier's and the Company's business and that the restrictions provided in this Section 8 and the preceding Section 7 are reasonable and necessary for Premier's and the Company's protection. The Executive further acknowledges that damages at law will not be a measurable or adequate remedy for breach of the covenants contained in this Section 8 or in Section 7 and, accordingly the Executive consents to the entry by any court of competent jurisdiction of any order enjoining him from violating any such covenants. The parties hereto further agree that if, in any judicial proceeding, a court should refuse to enforce any covenants set forth in this Section 8 or in Section 7 because of their term or geographical scope, then such covenants shall be deemed to be modified to permit their enforcement to the maximum extent permitted by law. Notwithstanding any other provision herein, the provisions of this Section 8 shall survive termination of employment under this Agreement pursuant to Section 6 hereof and/or termination of this Agreement by reason of a Failure to Renew pursuant to Section 2(b) hereof.to

Appears in 3 contracts

Samples: Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc)

Executive’s Acknowledgment. The Executive acknowledges that he has -------------------------- carefully read and considered all of the terms of this Agreement, including particularly the terms of this Section 8 and the preceding Section 7, that each of Premier and the Company has made a substantial investment in Premier's and the Company's business and that the restrictions provided in this Section 8 and the preceding Section 7 are reasonable and necessary for Premier's and the Company's protection. The Executive further acknowledges that damages at law will not be a measurable or adequate remedy for breach of the covenants contained in this Section 8 or in Section 7 and, accordingly the Executive consents to the entry by any court of competent jurisdiction of any order enjoining him from violating any such covenants. The parties hereto further agree that if, in any judicial proceeding, a court should refuse to enforce any covenants set forth in this Section 8 or in Section 7 because of their term or geographical scope, then such covenants shall be deemed to be modified to permit their enforcement to the maximum extent permitted by law. Notwithstanding any other provision herein, the provisions of this Section 8 shall survive termination of employment under this Agreement pursuant to Section 6 hereof and/or termination of this Agreement by reason of a Failure to Renew pursuant to Section 2(b) hereof.

Appears in 2 contracts

Samples: Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc)

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Executive’s Acknowledgment. The Executive acknowledges that he has -------------------------- ------------------------------ carefully read and considered all of the terms of this Agreement, including particularly the terms of this Section 8 and the preceding Section 7, that each of Premier and the Company has made a substantial investment in Premier's and the Company's business and that the restrictions provided in this Section 8 and the preceding Section 7 are reasonable and necessary for Premier's and the Company's protection. The Executive further acknowledges that damages at law will not be a measurable or adequate remedy for breach of the covenants contained in this Section 8 or in Section 7 and, accordingly the Executive consents to the entry by any court of competent jurisdiction of any order enjoining him from violating any such covenants. The parties hereto further agree that if, in any judicial proceeding, a court should refuse to enforce any covenants set forth in this Section 8 or in Section 7 because of their term or geographical scope, then such covenants shall be deemed to be modified to permit their enforcement to the maximum extent permitted by law. Notwithstanding any other provision herein, the provisions of this Section 8 shall survive termination of employment under this Agreement pursuant to Section 6 hereof and/or termination of this Agreement by reason of a Failure to Renew pursuant to Section 2(b) hereof.

Appears in 1 contract

Samples: Employment Agreement (Premier National Bancorp Inc)

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