Common use of Remedies for Breach of Restrictive Covenant Clause in Contracts

Remedies for Breach of Restrictive Covenant. Executive acknowledges that the restrictions contained in SECTION 3 (Confidentiality and Loyalty) and SECTION 5 (Non-Competition Covenant) of this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer and the Bank, that any violation of these restrictions would cause substantial injury to Employer and the Bank and such interests, that Employer would not have entered into this Agreement with Executive without receiving the additional consideration offered by Executive in binding himself to these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. In the event of any violation or threatened violation of these restrictions, Employer and the Bank, in addition to and not in limitation of, any other rights, remedies or damages available to Employer and the Bank under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with him, as the case may be.

Remedies for Breach of Restrictive Covenant. Executive acknowledges that the restrictions contained in SECTION Section 3 (Confidentiality and Loyalty) and SECTION Section 5 (Non-Competition Covenant) of this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer and the Bank, that any violation of these restrictions would cause substantial injury to Employer and the Bank and such interests, that Employer would not have entered into this Agreement with Executive without receiving the additional consideration offered by Executive in binding himself to these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. In the event of any violation or threatened violation of these restrictions, Employer and the Bank, in addition to and not in limitation of, any other rights, remedies or damages available to Employer and the Bank under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with him, as the case may be.

Remedies for Breach of Restrictive Covenant. The Executive acknowledges that the restrictions contained in SECTION Section 3 (Confidentiality and Loyalty) and SECTION 5 Section 5(a) (Non-Competition Restrictive Covenant) of this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer and the BankEmployer, that any violation of these restrictions would cause substantial injury to the Employer and the Bank and such interests, that the Employer would not have entered into this Agreement with the Executive without receiving the additional consideration offered by the Executive in binding himself to these restrictions and that such restrictions were a material inducement to the Employer to enter into this Agreement. In the event of any violation or threatened violation of these restrictions, Employer and the BankEmployer, in addition to and not in limitation of, any other rights, remedies or damages available to the Employer and the Bank under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Executive and any and all persons directly or indirectly acting for or with him, as the case may be.

Remedies for Breach of Restrictive Covenant. The Executive acknowledges that the restrictions contained in SECTION 3 (Confidentiality Sections 4 and Loyalty) and SECTION 5 (Non-Competition Covenant) of this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer and the BankEmployer, that any violation of these restrictions would cause substantial injury to the Employer and the Bank and such interests, that the Employer would not have entered into this Agreement with the Executive without receiving the additional consideration offered by the Executive in binding himself to these restrictions and that such restrictions were a material inducement to the Employer to enter into this Agreement. In the event of any violation or threatened violation of these restrictions, the Employer shall be relieved of all further obligations under this Agreement and the Bank, in addition shall be entitled to and not in limitation of, any other rights, remedies or damages available to the Employer and the Bank under this Agreement or otherwise at law or in equity. In addition, in the event of any violation or threaten violation of these restrictions, the Employer shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Executive and any and all persons directly or indirectly acting for the Executive or with him, as the case may be.

Remedies for Breach of Restrictive Covenant. The Executive acknowledges that the restrictions contained in SECTION 3 (Confidentiality Sections 4 and Loyalty) and SECTION 5 (Non-Competition Covenant6(a) of this Agreement are reasonable and necessary for the protection of the legitimate business interests of the Employer and the Bankor any of its Affiliates, that any violation of these restrictions would cause substantial injury to the Employer and the Bank or any of its Affiliates and such interests, that the Employer would not have entered into this Agreement with the Executive without receiving the additional consideration offered by the Executive in binding himself to these restrictions and that such restrictions were a material inducement to the Employer to enter into this Agreement. In the event of any violation or threatened violation of these restrictions, the Employer and the Bankor any of its Affiliates, in addition to and not in limitation of, any other rights, remedies or damages available to the Employer and the Bank under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Executive and any and all persons directly or indirectly acting for or with him, as the case may be.