Common use of Injunctive Relief; Survival Clause in Contracts

Injunctive Relief; Survival. Executive acknowledges that a breach of the covenants contained in Sections 8(a) or 8(b) will cause irreparable damage to the Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, Executive agrees that in the event a court of competent jurisdiction determines that Executive has engaged in a material breach of any of the covenants contained in Sections 8(a) or 8(b), in addition to any other remedy which may be available at law or in equity, the Company will be entitled to specific performance and injunctive relief notwithstanding any dispute resolution procedure set forth in this Agreement or in any document governing the Company or the Company’s shareholders that applies to Executive’s employment with the Company as set forth herein. The provisions of Sections 8(a) and 8(b) shall survive any termination or expiration of the term of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Rivian Automotive, Inc. / DE), Employment Agreement (Rivian Automotive, Inc. / DE)

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Injunctive Relief; Survival. Executive acknowledges The Parties acknowledge that a breach of the covenants contained in Sections this Section 8(a) or 8(b) ), as applicable, by one Party, will cause irreparable damage to the Company other Party, as applicable, and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, Executive agrees the Parties agree that in in, the event a court of competent jurisdiction determines that Executive either Party has engaged in a material breach of any of the covenants contained in Sections Section 8(a) or 8(b), as applicable, in addition to any other remedy which may be available at law or in equity, the Company other Party will be entitled to specific performance and injunctive relief notwithstanding any dispute resolution procedure set forth in this Agreement or in any document governing the Company or the Company’s shareholders that applies to Executive’s employment with the Company as set forth herein. The provisions of Sections Section 8(a) and 8(b) shall survive any termination or expiration of the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Rivian Automotive, Inc. / DE)

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Injunctive Relief; Survival. Executive acknowledges that a breach of the covenants contained in Sections 8(a) or 8(b) will cause irreparable damage to the Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, Executive Xxxxxxxxx agrees that in the event a court of competent jurisdiction determines that Executive has engaged in a material breach of any of the covenants contained in Sections 8(a) or 8(b), in addition to any other remedy which may be available at law or in equity, the Company will be entitled to specific performance and injunctive relief notwithstanding any dispute resolution procedure set forth in this Agreement or in any document governing the Company or the Company’s shareholders that applies to Executive’s employment with the Company as set forth herein. The provisions of Sections 8(a) and 8(b) shall survive any termination or expiration of the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Rivian Automotive, Inc. / DE)

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