Common use of Material Inducements Clause in Contracts

Material Inducements. The restrictive covenants and other provisions in this Agreement are material inducements to the Company entering into and performing its obligations under this Agreement. Accordingly, in the event of any proven breach of these provisions by Executive, in addition to all other remedies at law or in equity possessed by the Company, including but not limited to the right to enforce the covenants Executive has agreed to in this Agreement, the Company shall have the right to terminate this agreement and Executive’s employment with the Company and not pay any amounts payable to Executive under this Agreement.

Material Inducements. The restrictive covenants and other provisions in this Agreement letter agreement are material inducements to the Company entering into and performing its obligations under this Agreementletter agreement. Accordingly, in the event of any proven breach of these provisions by Executive, in addition to all other remedies at law or in equity possessed by the Company, including but not limited to the right to enforce the covenants Executive has agreed to in this Agreement, the Company shall have the right to terminate this agreement and Executive’s employment with the Company and not pay any amounts payable to Executive under this Agreement.