Remedies and Survival. Because the Company does not have an adequate remedy at law to protect its interest in its trade secrets, privileged, proprietary or confidential information and similar commercial assets, or its business from Optionee's competition, the Company shall be entitled to injunctive relief, in addition to such other remedies and relief that would, in the event of a breach or a threatened breach of the provisions of Sections 16 and 17, be available to the Company. The Company shall not be required to plead or prove the inadequacy of damages. The provisions of Sections 16 and 17 and this Section 18 shall survive any termination of Optionee's employment with the Company for any reason whatsoever.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Lithium Technology Corp), Incentive Stock Option Agreement (Lithium Technology Corp), Incentive Stock Option Agreement (U.S. Helicopter CORP)
Remedies and Survival. Because the Company does not have an adequate remedy at law to protect its interest in its trade secrets, privileged, proprietary or confidential information and similar commercial assets, or its business from Optionee's competition, the Company shall be entitled to injunctive relief, in addition to such other remedies and relief that would, in the event of a breach or a threatened breach of the provisions of Sections 16 and 1718 or 19, be available to the Company. The Company shall not be required to plead or prove the inadequacy of damages. The provisions of Sections 16 18 and 17 19 and this Section 18 20 shall survive any termination of Optionee's employment with the Company for any reason whatsoever.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Lithium Technology Corp), Non Qualified Stock Option Agreement (Lithium Technology Corp)
