Common use of Stipulation Clause in Contracts

Stipulation. Employee hereby specifically acknowledges, agrees, stipulates and represents to Employer that: i) Employee has received adequate and sufficient consideration for entering into this Agreement including the above-referenced compensation and benefits and opportunity to purchase shares of the Employer's stock; ii) 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; iii) the covenants of Employee contained in Section 9 and Section 10 of this Agreement are in consideration of the promise of Employer to provide Confidential Information (including trade secrets) to Employee and are necessary to protect employer's interests in such Confidential Information, as well as Employer's business goodwill and other business interests; iv) Employer will suffer great loss and irreparable harm if Employee Competes directly or indirectly with Employer; v) the temporal, geographic and other restrictions contained in this Agreement are in all respects reasonable and necessary to protect the business goodwill, Confidential Information, trade secrets, prospects and other business interests of Employer; and vi) 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 Employer that: (i) Employee has received adequate and sufficient consideration for entering into this Agreement including the above-referenced compensation and benefits and opportunity to purchase shares of the Employer's stock; (ii) 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; (iii) the covenants of Employee contained in Section 9 10 and Section 10 11 of this Agreement are in consideration of the promise of Employer to provide Confidential Information (including trade secrets) to Employee and are necessary to protect employerEmployer's interests in such Confidential Information, as well as Employer's business goodwill and other business interests; (iv) Employer will suffer great loss and irreparable harm if Employee Competes directly or indirectly with Employer; (v) the temporal, geographic and other restrictions contained in this Agreement are in all respects reasonable and necessary to protect the business goodwill, Confidential Information, trade secrets, prospects and other business interests of Employer; and (vi) 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 Employer that: (i) Employee has received adequate and sufficient consideration for entering into this Agreement including the above-referenced compensation and benefits and opportunity to purchase shares of the Employer's stock; (ii) 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; (iii) the covenants of Employee contained in Section 9 and Section 10 of this Agreement are in consideration of the promise of Employer to provide Confidential Information (including trade secrets) to Employee and are necessary to protect employer's interests in such Confidential Information, as well as Employer's business goodwill and other business interests; (iv) Employer will suffer great loss and irreparable harm if Employee Competes directly or indirectly with Employer; (v) the temporal, geographic and other restrictions contained in this Agreement are in all respects reasonable and necessary to protect the business goodwill, Confidential Information, trade secrets, prospects and other business interests of Employer; and (vi) the enforcement of this Agreement will not work an undue or unfair hardship on Employee or otherwise be oppressive to him.