Common use of Injunctive Relief and Other Remedies with Respect to Covenants Clause in Contracts

Injunctive Relief and Other Remedies with Respect to Covenants. Executive acknowledges and agrees that the covenants and obligations of Executive with respect to noncompetition, nonsolicitation, confidentiality and Company property, relate to special, unique and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Executive acknowledges and agrees that the geographic scope of his employment with the Company is national, and that the national geographic and the two year restrictions placed upon him in Paragraph 6 of this Agreement are reasonable and necessary to the preservation and vitality of the Company's business, reputation, and good will due to the nature of the Company's business, and given his knowledge and expertise within the insurance industry and the consideration provided in this Agreement, that he will be able to earn a satisfactory livelihood or otherwise provide for his financial security without violating such restrictions.

Appears in 7 contracts

Samples: Employment Agreement (Cna Surety Corp), Employment Agreement (Cna Surety Corp), Employment Agreement (Cna Surety Corp)

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Injunctive Relief and Other Remedies with Respect to Covenants. Executive acknowledges and agrees that the covenants and obligations of Executive with respect to noncompetition, nonsolicitation, confidentiality and Company property, relate to special, unique and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Executive acknowledges and agrees that the geographic scope of his employment with the Company is national, and that the national geographic and the two year restrictions placed upon him in Paragraph 6 of this Agreement are reasonable and necessary to the preservation and vitality of the Company's business, reputation, and good will due to the nature of the Company's business, and given his knowledge and expertise within the insurance industry and the consideration provided in this Agreement, that he will be able to earn a satisfactory livelihood or otherwise provide for his financial security without violating such restrictions.

Appears in 3 contracts

Samples: Employment Agreement (Cna Surety Corp), Employment Agreement (Cna Surety Corp), Employment Agreement (Cna Surety Corp)

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