Common use of Rationale for Restrictions Clause in Contracts

Rationale for Restrictions. Employee agrees that his services hereunder are of a special, unique, extraordinary and intellectual character, and his position with Employer places him in a position of confidence and trust with the customers, suppliers and employees of Employer and/or Related Entities. Employee also acknowledges that Employer and its Related Entities design, manufacture, market and sell LED and fiber optic lighting products used in applications in the commercial, architectural, signage, swimming pool and OEM markets throughout the world and that the Employer and its Related Entities compete with many entities throughout the world. Employee further acknowledges that the rendering of services under this Agreement necessarily requires the disclosure to Employee of Confidential Information (as defined below) of Employer and/or Related Entities. Employee and Employer agree that in the course of employment hereunder, Employee has and will continue to develop a personal relationship with the customers of Employer and/or Related Entities, and a knowledge of these customers’ affairs and requirements which may constitute Employer’s and/or Related Entities’ primary and only contact with such customers. Employee acknowledges that Employer’s and/or Related Entities’ relationships with their customers may therefore be placed in Employee’s hands in confidence and trust. Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill, trade secrets and legitimate business interests of Employer and/or the Related Entities that Employee make the covenants contained herein, that the covenants are a material inducement for Employer to employ or continue to employ Employee and to enter into this Agreement, and that the covenants are given as an integral part of and incident to this Agreement.

Appears in 3 contracts

Samples: Employment and Non Competition Agreement (Nexxus Lighting, Inc.), Employment and Non Competition Agreement (Nexxus Lighting, Inc.), Employment and Non Competition Agreement (Nexxus Lighting, Inc.)

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Rationale for Restrictions. Employee agrees that his services hereunder are of a special, unique, extraordinary and intellectual character, and his position with the Employer places him in a position of confidence and trust with the customers, suppliers and employees of the Employer and/or Related Entities. Employee also acknowledges that the Employer designs, manufactures, markets and its Related Entities design, manufacture, market and sell sells LED and fiber optic lighting products used in applications in the commercial, architectural, signage, swimming pool and OEM markets throughout the world and that the Employer and its Related Entities compete competes with many entities throughout the worldentities. Employee further acknowledges that the rendering of services under this Agreement necessarily requires the disclosure to Employee of Confidential Information (as defined below) of the Employer and/or Related Entities. Employee and the Employer agree that in the course of employment hereunder, Employee has and will continue to develop a personal relationship with the customers of Employer and/or Related EntitiesEmployer’s customers, and a knowledge of these customers’ affairs and requirements which may constitute the Employer’s and/or Related Entities’ primary and only contact with such customers. Employee acknowledges that the Employer’s and/or Related Entities’ relationships with their its established customers may therefore be placed in Employee’s hands in confidence and trust. Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill, trade secrets goodwill and legitimate business interests of the Employer and/or the Related Entities that Employee make the covenants contained herein, that the covenants are a material inducement for the Employer to employ or continue to employ Employee and to enter into this Agreement, and that the covenants are given as an integral part of and incident to this Agreement.

Appears in 3 contracts

Samples: Employment and Non Competition Agreement (Nexxus Lighting, Inc.), Employment and Non Competition Agreement (Super Vision International Inc), Employment and Non Competition Agreement (Super Vision International Inc)

Rationale for Restrictions. The Employee agrees acknowledges that his services hereunder are of a special, unique, extraordinary and intellectual character, and his position with the Employer places him in a position of confidence and trust with the customers, suppliers and employees of the Employer and/or Related Entities. The Employee also acknowledges that the Employer and its Related Entities designrepairs, manufacture, market overhauls and sell LED and fiber optic lighting products used in applications in the commercial, architectural, signage, swimming pool and OEM markets services certain aircraft equipment (collectively "PRODUCTS") throughout the world and that the Employer and its Related Entities compete competes with many entities throughout the worldcompanies, including, but not limited to,______________________________________. The Employee further acknowledges that the rendering of services under this Agreement necessarily requires the disclosure to the Employee of Confidential Information (as defined below) of the Employer and/or Related Entities. The Employee and the Employer agree that in both prior to and during the course of employment hereunderwith the Employer and Northwings, the Employee has had, has, and will continue to develop a personal relationship with the customers of Employer and/or Related EntitiesEmployer's customers, and a knowledge of these customers' affairs and requirements which may constitute the Employer’s and/or Related Entities’ 's primary and only contact with such customers. The Employee acknowledges that the Employer’s and/or Related Entities’ 's relationships with their customers its established clientele may therefore be placed in the Employee’s 's hands in confidence and trust. The Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill, trade secrets goodwill and legitimate business interests of the Employer and/or and the Related Entities that the Employee make the covenants contained herein, that the covenants are a material inducement for the Employer to employ or continue to employ the Employee and to enter into this Agreement, and that the covenants are given as an integral part of and incident to this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Heico Corp)

Rationale for Restrictions. The Employee agrees acknowledges that his services hereunder are of a special, unique, extraordinary and intellectual character, and his position with the Employer places him in a position of confidence and trust with the customers, suppliers and employees of the Employer and/or Related Entities. The Employee also acknowledges that the Employer and its Related Entities design, manufacture, market sell and sell LED service aircraft, ground and fiber optic lighting products used in applications in the commercial, architectural, signage, swimming pool and OEM markets support equipment (collectively "PRODUCTS") throughout the world and that the Employer and its Related Entities compete competes with many entities throughout the world. companies, including, but not limited to, Hobart Corp. and Stewart and Stevenson, Inc. The Employee further acknowledges that the rendering of services xxx xxxderinx xx xxxxices under this Agreement necessarily requires the disclosure to the Employee of Confidential Information (as defined below) of the Employer and/or Related Entities. The Employee and the Employer agree that in both prior to and during the course of employment hereunderwith the Employer and Trilectron, the Employee has had, has, and will continue to develop a personal relationship with the customers of Employer and/or Related EntitiesEmployer's customers, and a knowledge of these customers' affairs and requirements which may constitute the Employer’s and/or Related Entities’ 's primary and only contact with such customers. The Employee acknowledges that the Employer’s and/or Related Entities’ 's relationships with their customers its established clientele may therefore be placed in the Employee’s 's hands in confidence and trust. The Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill, trade secrets goodwill and legitimate business interests of the Employer and/or and the Related Entities that the Employee make the covenants contained herein, that the covenants are a material inducement for the Employer to employ or continue to employ the Employee and to enter into this Agreement, and that the covenants are given as an integral part of and incident to this Agreement.

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Heico Corp)

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Rationale for Restrictions. Employee agrees that his services hereunder are of a special, unique, extraordinary and intellectual character, and his position with the Employer places him in a position of confidence and trust with the customers, suppliers and employees of the Employer and/or Related Entities. Employee also acknowledges that the Employer and its Related Entities design, manufacture, market repair and sell LED overhaul aircraft accessories and fiber optic lighting products used in applications in the commercial, architectural, signage, swimming pool and OEM markets systems (collectively "Products") throughout the world and that the Employer and its Related Entities compete competes with many entities throughout the worldcompanies, including but not limited to, CARIBE and NORTEK. Employee further acknowledges that the rendering of services under this Agreement necessarily requires the disclosure to Employee of Confidential Information (as defined below) of the Employer and/or Related Entities. Employee and the Employer agree that in the course of employment hereunder, Employee has and will continue to develop a personal relationship with the customers of Employer and/or Related EntitiesEmployer's customers, and a knowledge of these customers' affairs and requirements which may constitute the Employer’s and/or Related Entities’ 's primary and only contact with such customers. Employee acknowledges that the Employer’s and/or Related Entities’ 's relationships with their customers its established clientele may therefore be placed in Employee’s 's hands in confidence and trust. Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill, trade secrets goodwill and legitimate business interests of the Employer and/or the Related Entities that Employee make the covenants contained herein, that the covenants are a material inducement for the Employer to employ or continue to employ Employee and to enter into this Agreement, and that the covenants are given as an integral part of and incident to this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Heico Corp)

Rationale for Restrictions. The Employee agrees acknowledges that his services hereunder are of a special, unique, extraordinary and intellectual character, and his position with the Employer places him in a position of confidence and trust with the customers, suppliers and employees of the Employer and/or Related Entities. The Employee also acknowledges that the Employer and its Related Entities designrepairs, manufacture, market overhauls and sell LED and fiber optic lighting products used in applications in the commercial, architectural, signage, swimming pool and OEM markets services certain aircraft equipment (collectively "PRODUCTS") throughout the world and that the Employer and its Related Entities compete competes with many entities throughout the worldcompanies, including, but not limited to,_____________________________________. The Employee further acknowledges that the rendering of services under this Agreement necessarily requires the disclosure to the Employee of Confidential Information (as defined below) of the Employer and/or Related Entities. The Employee and the Employer agree that in both prior to and during the course of employment hereunderwith the Employer and Northwings, the Employee has had, has, and will continue to develop a personal relationship with the customers of Employer and/or Related EntitiesEmployer's customers, and a knowledge of these customers' affairs and requirements which may constitute the Employer’s and/or Related Entities’ 's primary and only contact with such customers. The Employee acknowledges that the Employer’s and/or Related Entities’ 's relationships with their customers its established clientele may therefore be placed in the Employee’s 's hands in confidence and trust. The Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill, trade secrets goodwill and legitimate business interests of the Employer and/or and the Related Entities that the Employee make the covenants contained herein, that the covenants are a material inducement for the Employer to employ or continue to employ the Employee and to enter into this Agreement, and that the covenants are given as an integral part of and incident to this Agreement.

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Heico Corp)

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