Common use of Protection of Legitimate Business Interests Clause in Contracts

Protection of Legitimate Business Interests. Executive acknowledges that (i) Executive’s position with the Company requires the performance of services which are special, unique and extraordinary in character and places him in a position of confidence and trust with the customers and employees of the Company, through which, among other things, he will obtain knowledge of the Company’s technical information and know-how and become acquainted with its customers, in which matters the Company has substantial proprietary interests, (ii) the restrictive covenants in this Paragraph 8 are necessary in order to protect and maintain such proprietary interests and other legitimate business interests of the Company, and (iii) the Company would not have entered into this Agreement unless such covenants were included herein.

Appears in 5 contracts

Samples: Employment Agreement (Party City Corp), Employment Agreement (Party City Corp), Employment Agreement (Party City Corp)

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Protection of Legitimate Business Interests. Executive The Employee acknowledges that (i) Executivethe Employee’s position with the Company requires the performance of services which are special, unique and extraordinary in character and places him in a position of confidence and trust with the customers and employees of the Company, through which, among other things, he will obtain knowledge of the Company’s technical information and know-how and become acquainted with its customers, in which matters the Company has substantial proprietary interests, (ii) the restrictive covenants in this Paragraph 8 Section 4 are necessary in order to protect and maintain such proprietary interests and other legitimate business interests of the Company, and (iii) the Company would not have entered into this Agreement unless such covenants were included herein.

Appears in 1 contract

Samples: Retention Bonus and Severance Agreement (Party City Corp)

Protection of Legitimate Business Interests. Executive acknowledges that (i) Executive’s position with the Company requires the performance of services which are special, unique and extraordinary in character and places him in a position of confidence and trust with the customers and employees of the Company, through which, among other things, he she will obtain knowledge of the Company’s technical information and know-how and become acquainted with its customers, in which matters the Company has substantial proprietary interests, (ii) the restrictive covenants in this Paragraph 8 are necessary in order to protect and maintain such proprietary interests and other legitimate business interests of the Company, and (iii) the Company would not have entered into this Agreement unless such covenants were included herein.

Appears in 1 contract

Samples: Employment Agreement (Party City Corp)

Protection of Legitimate Business Interests. The Executive acknowledges that (i) the Executive’s position with the Company requires the performance of services which are special, unique and extraordinary in character and places him her in a position of confidence and trust with the customers and employees of the Company, through which, among other things, he she will obtain knowledge of the Company’s technical information and know-how and become acquainted with its customers, in which matters the Company has substantial proprietary interests, (ii) the restrictive covenants in this Paragraph 8 are necessary in order to protect and maintain such proprietary interests and other legitimate business interests of the Company, and (iii) the Company would not have entered into this Agreement unless such covenants were included herein.

Appears in 1 contract

Samples: Employment Agreement (Party City Corp)

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Protection of Legitimate Business Interests. Executive acknowledges that (i) Executive’s position with the Company requires required the performance of services which are special, unique and extraordinary in character and places him placed her in a position of confidence and trust with the customers and employees of the Company, through which, among other things, he will obtain she has obtained knowledge of the Company’s technical information and know-how and become acquainted with its customers, in which matters the Company has substantial proprietary interests, (ii) the restrictive covenants in this Paragraph 8 Section 11 are necessary in order to protect and maintain such proprietary interests and other legitimate business interests of the Company, and (iii) the Company would not have entered into this Agreement unless such covenants were included herein.

Appears in 1 contract

Samples: Severance Agreement (Party City Corp)

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