Common use of Stipulation Clause in Contracts

Stipulation. Employee hereby specifically acknowledges, agrees, stipulates and represents to IAC that: (a) Employee has received adequate and sufficient consideration for entering into this Agreement including the above-referenced compensation; (b) the execution and delivery of this Agreement and the performance hereunder do not and shall not constitute a violation of any covenants of non-competition, trade secrecy, or confidentiality to which Employee is a party; (c) the covenants of Employee contained in this Agreement are in consideration of the promise of IAC to provide Confidential Information (including trade secrets) to Employee and are necessary to protect IAC interests in such Confidential Information, as well as IAC's business good will and other business interests; (d) IAC may suffer great loss and irreparable harm if Employee competes directly or indirectly with IAC; (e) the temporal, geographic and other restrictions contained in this Agreement are in all respects reasonable and necessary to protect the business good will, Confidential Information, trade secrets, prospects and other business interest of IAC; and (f) the enforcement of this Agreement will not work an undue or unfair hardship on Employee or otherwise be oppressive to him.

Stipulation. Employee hereby specifically acknowledges, agrees, stipulates and represents to IAC ATM that: (a) Employee has received adequate and sufficient consideration for entering into this Agreement including the above-referenced compensation; (b) the execution and delivery of this Agreement and the performance hereunder do not and shall not constitute a violation of any covenants of non-competition, trade secrecy, or confidentiality to which Employee is a party; (c) the covenants of Employee contained in this Agreement are in consideration of the promise of IAC ATM to provide Confidential Information (including trade secrets) to Employee and are necessary to protect IAC ATM interests in such Confidential Information, as well as IACATM's business good will and other business interests; (d) IAC ATM may suffer great loss and irreparable harm if Employee competes directly or indirectly with IACATM; (e) the temporal, geographic and other restrictions contained in this Agreement are in all respects reasonable and necessary to protect the business good will, Confidential Information, trade secrets, prospects and other business interest of IACATM; and (f) the enforcement of this Agreement will not work an undue or unfair hardship on Employee or otherwise be oppressive to him.