General Covenants of the Executive. The Executive acknowledges that (i) the principal business of the Company is the acquisition, ownership, management, development and re-development of medical office buildings by the Company or one or more of the Company’s subsidiaries (such business herein being collectively referred to as the “Business”), (ii) the Executive is one of a limited number of persons who have developed the Business; (iii) the Business is, in part, national in scope; (iv) the Executive’s work for the Company has given and will continue to give the Executive access to, and the Company has entrusted and will continue to entrust the Executive with, the confidential affairs and proprietary information of the Company, including, but not limited to, the strategies, future plans, financial and customer data and “trade secrets,” as defined in O.C.G.A. § 10-1-760, et seq., of the Company and its subsidiaries; (v) the covenants and agreements of the Executive contained in this Section 16 are essential to the business and goodwill of the Company; and (vi) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 16.
Appears in 4 contracts
Samples: Employment Agreement (Richmond Honan Medical Properties Inc.), Employment Agreement (Richmond Honan Medical Properties Inc.), Employment Agreement (Richmond Honan Medical Properties Inc.)
General Covenants of the Executive. The Executive acknowledges that (i) the principal business of the Company and its subsidiaries is the acquisition, ownership, management, development ownership and reoperation of multi-development of medical tenant office buildings by and any and all other businesses that after the Company or one or more of Effective Date, and from time to time during the Term, become material with respect to the Company’s subsidiaries (such business then-overall business, herein being collectively referred to as the “Business”), (ii) the Executive is one Company knows of a limited number of persons who have developed the Business; (iii) the Business is, in part, national in scope; (iv) the Executive’s work for the Company and its subsidiaries has given and will continue to give the Executive access to, and the Company has entrusted and will continue to entrust the Executive with, the confidential affairs and affairs, proprietary information and trade secrets of the Company, including, but not limited to, the strategies, future plans, financial and customer data and “trade secrets,” as defined in O.C.G.A. § 10-1-760, et seq., of the Company and its subsidiaries; (v) the covenants and agreements of the Executive contained in this Section 16 15 are essential to the business and goodwill of the Company; and (vi) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 1615.
Appears in 3 contracts
Samples: Employment Agreement (Priam Properties Inc.), Employment Agreement (Priam Properties Inc.), Employment Agreement (Priam Properties Inc.)