General Acknowledgment. Executive acknowledges that: (a) his employment by Sbarro, throughout the term of his employment, will bring him into close contact with many confidential affairs of Sbarro, including information about costs, profits, markets, sales, products, key personnel, pricing policies, operational methods, recipes, technical processes and other business affairs and methods and other information not readily available to the public, and plans for future development; (b) the services to be performed by him under this Agreement are of a special, unique, unusual, extraordinary and intellectual character; (c) the business of Sbarro is international in scope, its products and services are marketed throughout the world and Sbarro competes with other entities that are or could be located in nearly any part of the world; and (d) the nature of his services, position and expertise are such that he is capable of competing with Sbarro from nearly any location in the world. In recognition of the foregoing, Executive: (i) agrees that the restrictions contained in this Article 6 are necessary for the protection of the trade secrets, proprietary information and contractual relationships of Sbarro, and are considered by Executive to be reasonable for such purpose; (ii) agrees and acknowledges that the Equity Grant constitutes good and valuable consideration for the covenant and obligations incurred by Executive pursuant to this Article 6; and (iii) agrees that he shall not challenge the reasonability or enforceability of his covenants set forth in this Article 6. Executive agrees that any breach by him of this Article 6 will cause Sbarro substantial and irrevocable damage and, therefore, without limiting Sbarro’s rights under Section 6.6, in the event of any such breach, Executive agrees that, notwithstanding anything in Article 5 to the contrary, he shall forfeit his right to receive the balance of any compensation (other than Base Salary and Annual Bonus earned or accrued, but unpaid, under this Agreement prior to the date of termination and other than accrued or vested benefits in accordance with and subject to the terms of Sbarro’s benefit plans and policies) thereafter due him under this Agreement.
General Acknowledgment. All of the foregoing notwithstanding, termination of one party's participation in this Agreement shall not impair or terminate the relationship between the remaining parties.
General Acknowledgment. In order to induce the Company to enter into this Agreement, the Consultant (i) agrees to be bound by the terms and provisions of this Section, (ii) agrees, represents and warrants that the Consultant has read and given careful consideration to all of the terms and provisions of this Section, and agrees that the terms and provisions of this Section are reasonable with respect to the subject matter thereof and necessary for the reasonable and proper protection of the Confidential Information, legitimate business interests and goodwill of the Company and its Affiliates, and (iii) acknowledges that the Company agreed to enter into this Agreement in reliance on the representations, agreements and covenants of the Consultant to abide by and be bound by the terms and provisions of this Section.
General Acknowledgment. Bank and Employee acknowledge the following:
General Acknowledgment. In order to induce the Company to enter into this Agreement, MGT4VALUE and the Consultant (i) agree to be bound by the terms and provisions of this Section, (ii) agree, represent and wan-ant that MGT4VALUE and the Consultant have read and given careful consideration to all of the terms and provisions of this Section, and agree that the terms and provisions of this Section are reasonable with respect to the subject matter thereof and necessary for the reasonable and proper protection of the Confidential Information, legitimate business interests and goodwill of the Company and its Affiliates, and (iii) acknowledge that the Company agreed to enter into this Agreement in reliance on the representations, agreements and covenants of MGT4VALUE and the Consultant to abide by and be bound by the terms and provisions of this Section.
General Acknowledgment. Each of the Company and the Securities Holder, as relevant, acknowledges and agrees to the following:
General Acknowledgment. Borrowers acknowledge and agree to the following:
General Acknowledgment. Each Party acknowledges that it has been advised by a lawyer or adviser during the negotiation and execution of this Agreement and that all Parties have participated jointly in the drafting of this Agreement. Therefore, each Party agrees that it was able to independently and freely assess the scope and extent of its rights and obligations under this Agreement.
General Acknowledgment. Company acknowledges and agrees to the following:
General Acknowledgment. Borrower acknowledges and agrees to the following:
