Common use of Remedies and Enforceability Clause in Contracts

Remedies and Enforceability. The Executive agrees that the covenants, agreements, and representations contained in Sections 4 through 6 are of the essence of this Agreement; that each of such covenants is reasonable and necessary to protect and preserve the interests and properties of the Company and its Affiliates; that irreparable loss and damage will be suffered by the Company and its Affiliates should the Executive breach any of such covenants and agreements; that each of such covenants and agreements is separate, distinct and severable not only from the other of such covenants and agreements but also from the other and remaining provisions of this Agreement; that the unenforceability of any such covenant or agreement shall not affect the validity or enforceability of any other such covenant or agreements or any other provision or provisions of this Agreement; and that, in addition to other remedies available to it, including, without limitation, termination of the Executive’s employment for Cause, the Company and the Parent shall be entitled to seek both temporary and permanent injunctions to prevent a breach or contemplated breach by the Executive of any of such covenants or agreements.

Appears in 2 contracts

Samples: Employment Agreement (OHI Healthcare Properties Limited Partnership), Employment Agreement (OHI Healthcare Properties Limited Partnership)

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Remedies and Enforceability. The Executive agrees that the covenants, agreements, and representations contained in Sections Section 4 through 6 hereof are of the essence of this Agreement; that each of such covenants is are reasonable and necessary to protect and preserve the interests and properties of the Company and its Affiliates; that irreparable loss and damage will be suffered by the Company and its Affiliates should the Executive breach any of such covenants and agreements; that each of such covenants and agreements is separate, distinct and severable not only from the other of such covenants and agreements but also from the other and remaining provisions of this Agreement; that the unenforceability of any such covenant or agreement shall not affect the validity or enforceability of any other such covenant or agreements or any other provision or provisions of this Agreement; and thatthat (a) Executive shall forfeit any unpaid compensation under Sections 2(a) through 2(c) if Executive materially breaches a covenant in Section 4 hereof, in addition to other remedies available to it, including, without limitation, termination of the Executive’s employment for Cause, and (b) the Company and the Parent shall be entitled to seek both temporary and permanent injunctions to prevent a breach or contemplated breach by the Executive of any of such covenants or agreements, in addition to other remedies available to them.

Appears in 1 contract

Samples: Transition Agreement and Release (OHI Healthcare Properties Limited Partnership)

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Remedies and Enforceability. The Executive agrees that the covenants, agreements, and representations contained in Sections 4 through 4, 5, and 6 hereof are of the essence of this Agreement; that each of such covenants is are reasonable and necessary to protect and preserve the interests and properties of the Company and its AffiliatesCompany; that irreparable loss and damage will be suffered by the Company and its Affiliates should the Executive breach any of such covenants and agreements; that each of such covenants and agreements is separate, distinct and severable not only from the other of such covenants and agreements but also from the other and remaining provisions of this Agreement; that the unenforceability of any such covenant or agreement shall not affect the validity or enforceability of any other such covenant or agreements or any other provision or provisions of this Agreement; and that, in addition to other remedies available to it, including, without limitation, termination of the Executive’s 's employment for Causecause, the Company and the Parent shall be entitled to seek both temporary and permanent injunctions to prevent a breach or contemplated breach by the Executive of any of such covenants or agreements. Notwithstanding the foregoing, in the event of a breach of the representation and warranty set forth in Section 6 above (but not the covenant contained therein), the Company's sole remedy shall be termination of the Executive's employment and such termination shall be deemed to be for Cause.

Appears in 1 contract

Samples: Employment Agreement (Omega Healthcare Investors Inc)

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