Common use of The Executive’s Understanding of this Article Clause in Contracts

The Executive’s Understanding of this Article. The Executive represents to the Company that he has read and understands, and agrees to be bound by, the terms of this Article 5 (including Appendix B hereto). The Executive acknowledges that the covenants contained in Article 5 are the result of arm’s-length bargaining and are fair and reasonable in light of (a) the importance of the functions performed by the Executive and the length of time it would take the Company to find and train a suitable replacement, and (b) the nature and scope of the operations of the Company.

The Executive’s Understanding of this Article. The Executive represents to the Company that he has read and understands, and agrees to be bound by, the terms of this Article 5 (including Appendix B A hereto). The Executive acknowledges that the covenants contained in Article 5 are the result of arm’s-length bargaining and are fair and reasonable in light of (a) the importance of the functions performed by the Executive and the length of time it would take the Company to find and train a suitable replacement, and (b) the nature and scope of the operations of the Company.

The Executive’s Understanding of this Article. The Executive represents to the Company that he has read and understands, and agrees to be bound by, the terms of this Article 5 (including Appendix B A hereto). The Executive acknowledges that the covenants contained in Article 5 are the result of arm’s-length bargaining and are fair and reasonable in light of (a) the importance of the functions performed by the Executive and the length of time it would take the Company to find and train a suitable replacement, and (b) the nature and scope of the operations of the CompanyGroup.