Irreparable Injury. The Company and Officer agree that due to the Officer’s lengthy and extensive knowledge of the financial industry in his or her respective market and of the Company in particular, he would be an especially effective competitor and that irreparable injury will result to the Company in the event Officer violates any obligation contained in Section 5 of this Agreement. Officer acknowledges that the remedies at law for any breach by Officer of such provisions will be inadequate and that the Company shall be entitled to injunctive relief against Officer, in addition to any other remedy that is available.
Appears in 6 contracts
Samples: Employment Agreement (Blue Ridge Bankshares, Inc.), Employment Agreement (Monarch Financial Holdings, Inc.), Employment Agreement (Monarch Financial Holdings, Inc.)
Irreparable Injury. The Company and Officer agree that due to the Officer’s lengthy and extensive knowledge of the financial industry in his or her respective market Hampton Roads and of the Company in particular, he would be an especially effective competitor and that irreparable injury will result to the Company in the event Officer violates any obligation contained in Section 5 of this Agreement. Officer acknowledges that the remedies at law for any breach by Officer of such provisions will be inadequate and that the Company shall be entitled to injunctive relief against Officer, in addition to any other remedy that is available.
Appears in 1 contract
Samples: Employment Agreement (Monarch Financial Holdings, Inc.)
