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

Remedies for Breach of Restrictive Covenant. The Executive acknowledges that the restrictions contained in Sections 4 and 6(a) of this Agreement are reasonable and necessary for the protection of the legitimate business interests of Pinnacle, that any violation of these restrictions would cause substantial injury to Pinnacle and such interests, that Pinnacle 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 Pinnacle to enter into this Agreement. If there is any violation or threatened violation of these restrictions, Pinnacle, in addition to and not in limitation of, any other rights, remedies or damages available to Pinnacle 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.

Appears in 3 contracts

Samples: Employment Agreement (Pinnacle Banc Group Inc), Employment Agreement (Pinnacle Banc Group Inc), Employment Agreement (Pinnacle Banc Group Inc)

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Remedies for Breach of Restrictive Covenant. The Executive acknowledges that the restrictions contained in Sections 4 3 and 6(a) 5 of this Agreement are reasonable and necessary for the protection of the legitimate business interests of Pinnaclethe Employer, that any violation of these restrictions would cause substantial injury to Pinnacle the Employer and such interests, that Pinnacle 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 Pinnacle the Employer to enter into this Agreement. If there is In the event of any violation or threatened violation of these restrictions, Pinnaclethe Employer, in addition to and not in limitation of, any other rights, remedies or damages available to Pinnacle the Employer 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.

Appears in 1 contract

Samples: Employment Agreement (Craftclick Com Inc)

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