Common use of REMEDIES AND DAMAGES Clause in Contracts

REMEDIES AND DAMAGES. The parties agree that compliance with Paragraph 13 of the Agreement is necessary to protect the business and goodwill of Company, that the restrictions contained herein are reasonable and that any breach of this Paragraph will result in irreparable and continuing harm to Company, for which monetary damages may not provide adequate relief. Accordingly, in the event of any actual or threatened breach of this Paragraph by Executive, Company and Executive agree that Company shall be entitled to all appropriate remedies, including temporary restraining orders and injunctions enjoining or restraining such actual or threatened breach. Executive hereby consents to the issuance thereof forthwith by any court of competent jurisdiction.

Appears in 2 contracts

Samples: Executive Employment Agreement (Abm Industries Inc /De/), Executive Employment Agreement (Abm Industries Inc /De/)

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REMEDIES AND DAMAGES. The parties agree that compliance with Paragraph 13 Paragraphs 1.1 – 1.9 of the Agreement this Exhibit A and Appendix 1 is necessary to protect the business and goodwill of Company, that the restrictions contained herein are reasonable and that any breach of this Paragraph such Paragraphs will result in irreparable and continuing harm to Company, for which monetary damages may will not provide adequate relief. Accordingly, in the event of any actual or threatened breach of this Paragraph any covenant or promise made by ExecutiveExecutive herein, Company and Executive agree that Company shall be entitled to all appropriate remedies, including but not limited to temporary restraining orders and injunctions enjoining or restraining such actual or threatened breach. Executive hereby consents to the issuance thereof forthwith by any court of competent jurisdictionjurisdiction without the need for posting any bond.

Appears in 2 contracts

Samples: Executive Employment Agreement (Abm Industries Inc /De/), Executive Employment Agreement (Abm Industries Inc /De/)

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