Non Competition Non Solicitation Etc. As inducement and essential consideration for the Parent and Company to consummate the transactions contemplated by the Acquisition Agreement, as additional consideration to be paid to Executive under the Acquisition Agreement, and as consideration for his employment hereunder, Executive agrees to the restrictive covenants contained in this Section 12. The parties agree that such restrictive covenants are essential to preserve the good will of the businesses acquired under the Acquisition Agreement and that the Parent would not have entered into the Acquisition Agreement without the Executive’s consent to the covenants set forth in this Section 12.
Appears in 4 contracts
Samples: Employment Agreement, Employment Agreement (Bumble Bee Capital Corp.), Employment Agreement (Bumble Bee Capital Corp.)
