Common use of Necessity for Covenants Clause in Contracts

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:

Appears in 3 contracts

Samples: Employment Agreement (Optelecom-Nkf, Inc.), Employment Agreement (Optelecom-Nkf, Inc.), Employment Agreement (Optelecom-Nkf, Inc.)

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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)described in this Agreement; (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:

Appears in 1 contract

Samples: Employment Agreement (Gene Logic Inc)

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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 is engaged Business"), and will in the future be engaged in the Business (as defined below)Company Business; (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, 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:

Appears in 1 contract

Samples: Employment Agreement (Doctors Health System Inc)

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