Common use of REMEDIES FOR BREACH OF COVENANTS OF EMPLOYEE Clause in Contracts

REMEDIES FOR BREACH OF COVENANTS OF EMPLOYEE. The covenants set forth in Sections 4 and 5 of this Agreement shall continue to be binding upon Employee notwithstanding the termination of his employment with Employer for any reason whatsoever. Such covenants shall be deemed and construed as separate agreements independent of any other provision of this Agreement. The existence of any claim or cause of action by Employee against Employer or any of its Affiliates, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by Employer or any of its Affiliates of any or all of such covenants. It is expressly agreed that the remedy at law for the breach of any such covenant is inadequate and that temporary and permanent injunctive relief shall be available to prevent the breach or any threatened breach thereof, without the necessity of proof of actual damages and without the necessity of posting a bond, cash or otherwise. In this connection, Employee agrees not to assert any defense that monetary damages would be sufficient.

REMEDIES FOR BREACH OF COVENANTS OF EMPLOYEE. The covenants set forth in Sections Section 4 and 5 of this Agreement shall continue to be binding upon Employee notwithstanding the termination of his employment with Employer for any reason whatsoever. Such covenants shall be deemed and construed as separate agreements independent of any other provision of this Agreement. The existence of any claim or cause of action by Employee against Employer or any of its Affiliates, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by Employer or any of its Affiliates of any or all of such covenants. It is expressly agreed that the remedy at law for the breach of any such covenant is inadequate and that temporary and permanent injunctive relief shall be available to prevent the breach or any threatened breach thereof, without the necessity of proof of actual damages and without the necessity of posting a bond, cash or otherwise. In this connection, Employee agrees not to assert any defense that monetary damages would be sufficient.