Further Representations and Covenants. In signing this Agreement, Executive gives the Company, Parent and Purchaser assurance that Executive has carefully read and considered all of the terms and conditions of this Agreement. Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company and its Confidential Information and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent Executive from obtaining other suitable employment during the period in which Executive is bound by the restraints. Executive agrees that, before providing services to any entity during the period of time that Executive is subject to the constraints in this Agreement, Executive will provide a copy of this Agreement to such entity, and Executive shall ensure that such entity has read this Agreement. Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company, Parent and Purchaser, and that Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. Executive further covenants that Executive will not challenge the reasonableness or facial enforceability of any of the covenants set forth in this Agreement, and that Executive will reimburse the Company, Parent and Purchaser for all costs (including, without limitation, reasonable attorneys’ fees) incurred if Executive challenges the reasonableness or facial enforceability of any of the covenants set forth in Sections 2-4 of this Agreement. It is also agreed that each of the Company, Parent and Purchaser will have the right to enforce all of Executive’s obligations under this Agreement.
Appears in 4 contracts
Samples: Restrictive Covenant Agreement (Harland Clarke Holdings Corp), Restrictive Covenant Agreement (Harland Clarke Holdings Corp), Restrictive Covenant Agreement (Harland Clarke Holdings Corp)
Further Representations and Covenants. In signing this Agreement, Executive gives the Company, Parent and Purchaser Teva Group assurance that Executive has carefully read and considered all of the terms and conditions of this AgreementSection 9. Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Teva Group and its Confidential Information confidential information and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent Executive from obtaining other suitable employment during the period in which Executive is bound by the restraints. Executive agrees that, before providing services to any entity during the period of time that Executive is subject to the constraints in this AgreementSection 9, Executive will provide a copy of this Agreement Section 9 to such entity, and Executive shall ensure that such entity acknowledge to the Company in writing that it has read this AgreementSection 9. Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company, Parent and PurchaserTeva Group, and that Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. Executive further covenants that Executive will not challenge the reasonableness or facial enforceability of any of the covenants set forth in this AgreementSection 9, and that Executive will reimburse the Company, Parent and Purchaser Teva Group for all costs (including, without limitation, reasonable attorneys’ fees) incurred in connection with any action to enforce any of the provisions of this Section 9 if either the Teva Group prevails on any material issue involved in such dispute or if Executive challenges the reasonableness or facial enforceability of any of the covenants set forth in Sections 2-4 provisions of this AgreementSection 9. It is also agreed that each member of the Company, Parent and Purchaser Teva Group will have the right to enforce all of Executive’s obligations under this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Teva Pharmaceutical Industries LTD), Employment Agreement (Teva Pharmaceutical Industries LTD), Employment Agreement (Teva Pharmaceutical Industries LTD)