Necessity for Covenants Sample Clauses

Necessity for Covenants. The Executive acknowledges that (i) the GLGC Group (as defined below) is engaged and will in the future be engaged in the Business as described in this Agreement; (ii) his employment pursuant to this Agreement will give him access to customers and suppliers of the GLGC Group; (iii) his employment will give him access to confidential information and other trade secrets concerning the GLGC Group’s products, services and the Business and (iv) the agreements and covenants contained in this Section 5 are essential to protect the business and goodwill of the GLGC Group. To induce the Company to enter into this Agreement and pay the compensation and other benefits at the levels requested by the Executive, the Executive enters into the following covenants:
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Necessity for Covenants. The Executive acknowledges that (i) the Company is engaged and will in the future be engaged in the Business (as defined below); (ii) his employment pursuant to this Agreement will give him access to customers and suppliers of, and trade secrets of and confidential information concerning, the Company; and (iii) the agreements and covenants contained in this Section 5 are essential to protect the business and goodwill of the Company. In order to induce the Company to enter into this Agreement and pay the compensation and other benefits at the levels requested by the Executive, the Executive enters into the following covenants:
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Necessity for Covenants. The Physician Executive acknowledges that (i) the Company, its Subsidiaries and its Affiliates (as defined in Section 5.2) are engaged in the Business, and will in the future be engaged in the Business; (ii) his work and providing management services to health care entities for the Company and its Affiliates will give him access to customers and suppliers of, and trade secrets of and confidential information concerning, the Company, its Subsidiaries and its Affiliates; and (iii) the agreements and covenants contained in this Section 5 are essential to protect the business and goodwill of the Company, its Subsidiaries and its Affiliates. In order to induce the Company to enter into this Agreement and pay the compensation and other benefits at the levels requested by the Physician Executive, the Physician Executive enters into the following covenants:
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Necessity for Covenants. The Executive acknowledges that (i) the Company, its Subsidiaries and its Affiliates (as defined in SECTION 5.2) are engaged in the business, directly or through service contracts with others, of providing primary and specialized medical and related health care services and related products (the "Company Business"), and will in the future be engaged in the Company Business; (ii) her employment pursuant to this Agreement will give her access to customers and suppliers of, and trade secrets of and confidential information concerning, the Company, its Subsidiaries and its Affiliates; and (iii) the agreements and covenants contained in this SECTION 5 are essential to protect the business and goodwill of the Company, its Subsidiaries and its Affiliates. The Executive confirms to the Company that she was not subject to any non-competition or contractual confidentiality agreements in effect prior to the Effective Date which would prevent the Executive's employment by the Company under the terms and conditions set forth herein. In order to induce the Company to enter into this Agreement and pay the compensation and other benefits at the levels requested by the Executive, the Executive enters into the following covenants:
Sample 1
Necessity for Covenants. The Executive acknowledges that (i) the ORE Group (as defined below) is engaged and will in the future be engaged in the Business as defined below in this Agreement; (ii) his employment pursuant to this Agreement will give him access to customers and suppliers of the ORE Group; (iii) his employment will give him access to confidential information and other trade secrets concerning the ORE Group’s products, services and the Business and (iv) the agreements and covenants contained in this Section 5 are essential to protect the business and goodwill of the ORE Group. As additional consideration for the Company's entering into this Agreement and paying the compensation and other benefits at the levels requested by the Executive, the Executive enters into the following covenants:
Sample 1
Necessity for Covenants. The Executive acknowledges that (i) the Company, its Subsidiaries and its Affiliates (as defined in SECTION 5.2) are engaged in the business, directly or through service contracts with others, of providing primary and specialized medical and related health care services and related products (the "Company Business"), and will in the future be engaged in the Company Business; (ii) his work and providing management services to health care entities for the Company and its Affiliates will give him access to customers and suppliers of, and trade secrets of and confidential information concerning, the Company, its Subsidiaries and its Affiliates; and (iii) the agreements and covenants contained in this SECTION 5 are essential to protect the business and goodwill of the Company, its Subsidiaries and its Affiliates. In order to induce the Company to enter into this Agreement and pay the compensation and other benefits at the levels requested by the Executive, the Executive enters into the following covenants:
Sample 1
Necessity for Covenants. The Employee acknowledges that his employment with the Company will provide him with access to trade secrets of and confidential information concerning the Company and its Affiliates, and that the Company’s business interests require a confidential relationship between the Employee and the Company and the fullest practical protection and confidential treatment of its trade secrets of and confidential information. The Employee also acknowledges that the Company has invested a great deal of time and money in developing the skills of its existing personnel and in order for the Company to succeed, it needs to retain its existing personnel. The Employee further acknowledges that the agreements and covenants contained in this Agreement are essential to protect the business and goodwill of the Company and its Affiliates, and that the Employee’s agreement to be bound by such covenants are a condition to the Employee’s continued employment with the Company.
Sample 1
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Related to Necessity for Covenants

  • Director Covenants Director agrees that for a period of two (2) years from the Effective Time, Director shall not, directly or indirectly, individually or as an employee, partner, officer, director, promoter or shareholder or in any other capacity whatsoever, except in the performance of customary legal, accounting, insurance, or investment or investment management services as performed at the time of execution of the Agreement or of a similar nature:

  • Seller Covenants Seller covenants and agrees as follows:

  • Confidentiality Covenants (a) The Executive understands that the Company and/or its Affiliates, from time to time, may impart to the Executive confidential information, whether such information is written, oral or graphic.

  • Other Covenants of the Parties The parties agree that, prior to the Closing:

  • Further Covenants of the Company The Company hereby covenants and agrees that:

  • Further Covenants The Company hereby covenants and agrees that:

  • Other Covenants (Section 5.1): Borrower shall at all times comply with all of the following additional covenants:

  • Buyer Covenants The Buyer covenants as follows:

  • Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

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