Common use of Necessity for Covenants Clause in Contracts

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:

Necessity for Covenants. The Physician Executive acknowledges that (i) the Company, its Subsidiaries and its Affiliates (as defined in Section 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 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: