Common use of Nature of Obligation Clause in Contracts

Nature of Obligation. The obligations of Executive set forth in this Section 4 are in addition to, and not in lieu of, any of Executive’s duties or the Company’s rights and remedies, at law or in equity, with respect to the Company’s Proprietary, Trade Secret, and Confidential Information and property. The Company may pursue all such rights and remedies, as well as remedies for the breach of the provisions set forth herein. Also, the Proprietary, Trade Secret, and Confidential Information and other property referenced in this Section 4 constitute valuable property of the Company or its customers, the ownership of which is not dependent upon the performance by the Company of any of its obligations under this Agreement or the performance of any legal, statutory or other duty, if any, to Executive. Accordingly, Executive shall perform its obligations under this Section 4 regardless of any alleged or actual breach or failure to perform by the Company.

Appears in 5 contracts

Samples: Executive Employment Agreement (Comverge, Inc.), Executive Employment Agreement (Comverge, Inc.), Executive Employment Agreement (Comverge, Inc.)

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Nature of Obligation. The obligations of Executive set forth in this Section 4 are in addition to, and not in lieu of, any of Executive’s duties or the Company’s rights and remedies, at law or in equity, with respect to the Company’s Proprietary, Trade Secret, and Confidential Information and property. The Company may pursue all such rights and remedies, as well as remedies for the breach of the provisions set forth herein. Also, the The Proprietary, Trade Secret, Secret and Confidential Information and other property referenced in this Section 4 constitute valuable property of the Company or its customers, the ownership of which is not dependent upon the performance by the Company of any of its obligations under this Agreement or the performance of any legal, statutory or other duty, if any, to Executive. Accordingly, Executive shall perform its his obligations under this Section 4 regardless of any alleged or actual breach or failure to perform by the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Comverge, Inc.), Executive Employment Agreement (Comverge, Inc.)

Nature of Obligation. The obligations of Executive set forth in this Section 4 are in addition to, and not in lieu of, any of Executive’s 's duties or the Company’s 's rights and remedies, at law or in equity, with respect to the Company’s 's Proprietary, Trade Secret, and Confidential Information and property. The Company may pursue all such rights and remedies, as well as remedies for the breach of the provisions set forth herein. Also, the Proprietary, Trade Secret, and Confidential Information and other property referenced in this Section 4 constitute valuable property of the Company or its customers, the ownership of which is not dependent upon the performance by the Company of any of its obligations under this Agreement or the performance of any legal, statutory or other duty, if any, to Executive. Accordingly, Executive shall perform its obligations under this Section 4 regardless of any alleged or actual breach or failure to perform by the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Comverge, Inc.), Executive Employment Agreement (Comverge, Inc.)

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Nature of Obligation. The obligations of Executive set forth in this Section 4 are in addition to, and not in lieu of, any of Executive’s duties or the Company’s rights and remedies, at law or in equity, with respect to the Company’s Proprietary, Trade Secret, and Confidential Information and property. The Company may pursue all such rights and remedies, as well as remedies for the breach of the provisions set forth herein. Also, the Proprietary, Trade Secret, and Confidential Information and other property referenced in this Section 4 constitute valuable property of the Company or its customers, the ownership of which is not dependent upon the performance by the Company of any of its obligations under this Agreement or the performance of any legal, statutory or other duty, if any, to Executive. Accordingly, Executive shall perform its obligations under this Section 4 regardless of any alleged or actual breach or failure to perform by the Company.. STANDARD EXECUTIVE EMPLOYMENT AGREEMENT

Appears in 2 contracts

Samples: Executive Employment Agreement (Comverge, Inc.), Executive Employment Agreement (Comverge, Inc.)

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