VIOLATION OF COVENANT. The Employee agrees and acknowledges that the services to be rendered by him hereunder are of a special and original character that gives unique value, that the provisions of Paragraph 11 are, in view of the nature of the business of the Company, reasonable and necessary to protect the legitimate interests of the Company, that his violation of any of the covenants or agreements hereof would cause irreparable injury to the Company, that the remedy at law for any violation or threatened violation thereof would be inadequate and that the Company shall be entitled to temporary and permanent injunctive or other equitable relief as it may deem appropriate without the accounting of all earnings, profits, and other benefits arising from any such violation, which rights shall be cumulative and in addition to any rights or remedies available to the Company. The Employee hereby agrees that in the event of any such violation, the Company shall be entitled to commence an action for any such preliminary and permanent injunctive relief and other equitable relief.
VIOLATION OF COVENANT. In the event that the Employee violates any term or provision of the Covenants of the Employee provided in paragraph 3, below.
VIOLATION OF COVENANT. If any of the covenants set forth herein in Article 8(A) are violated, the Employer, at its option, shall be entitled to: (i) notify the Employee that this Agreement is terminated, in which cast this Agreement shall be rescinded (and thus terminated retroactively to the date of its inception); and (ii) demand repayment from the Employee of all payments made to the Employee pursuant to this Agreement. Option. Commencing , 200 , Employer and , as sole sharehold of Employer (“ ”), may grant Employee the option to purchase shares of the Employer now owned by . In such event, Employer, Employee and shall enter into a stock purchase Agreement in substantially the form attached hereto as Exhibit A. The grant of the option to purchase shares of the Employer shall be determined in the sole discretion of Employer and based on the following factors and statistics: [i] increase in number of new patients per month, [ii] increase in number of follow-up visits per month, [iii] increase in gross charges, [iv] increase in net collections, an [v] increase in surgical volume.
VIOLATION OF COVENANT. If any of the covenants set forth herein in this Article 8 (A) are violated, the Employer, at its option, shall be entitled to: (i) notify the Employee that this Agreement is terminated, in which case this Agreement shall be rescinded ( and thus terminated retroactively to the date of its inception); and (ii) demand repayment from the Employee of all payments made to the Employee pursuant to this Agreement.
VIOLATION OF COVENANT. The parties believe that the restrictive covenants contained in the previous two numbered paragraphs are reasonable, and they acknowledge and confirm that the competition by the EMPLOYEE, directly or indirectly, would likely cause irreparable injury to the EMPLOYER's business. Therefore, the EMPLOYEE agrees and acknowledges that any violation or threatened violation of the covenants contained in the previous two paragraphs will cause irreparable injury to the EMPLOYER's business, that the remedies at law of the EMPLOYER for any such violation or threatened violation will be inadequate, and that the EMPLOYER shall, in addition to and not in limitation of any other rights or remedies available at law or in equity, be entitled to temporary and permanent injunctive relief and specific performance without the necessity of proving actual damages, plus any attorney's fees and court costs incurred by the EMPLOYER in enforcing this agreement.
VIOLATION OF COVENANT. Any mortgage, deed of trust, encumbrance or lien not permitted by this Article 34 shall be deemed to be a violation of this covenant on the date of its execution or filing of record regardless of whether or when it is foreclosed or otherwise enforced.
VIOLATION OF COVENANT. In the event the COUNTY shall fail to keep and perform or shall violate the terms, covenants and conditions of this Lease, and the COUNTY shall not have cured or corrected such failure or violation within thirty (30) days after written notice thereof shall have been given to the COUNTY (except that the COUNTY shall have such additional time to cure or correct such failure or violation if such failure or violation cannot reasonably be cured or corrected within thirty (30) days).
VIOLATION OF COVENANT. Incase of a violation by Trinity Biotech of any of the covenants, agreements and conditions of this Lease Agreement and upon failure to discontinue such violation within thirty (30) days after notice thereof, given to Trinity Biotech, this Lease shall thenceforth be terminated and Xxxxxxx may re-enter without further notice or demand. No waiver by Xxxxxxx of any violation or breach of condition by Trinity Biotech shall constitute or be construed as a waiver of any other violation or breach of condition, nor shall lapse of time after breach of a condition by Trinity Biotech before Xxxxxxx shall exercise its option under this paragraph operate to defeat the right of Xxxxxxx to declare this Lease null and void and to re-enter upon the Premises after said breach of violation.
VIOLATION OF COVENANT. If the Consultant shall violate any covenant contained in Section 4.4, the duration of such covenant so violated shall be automatically extended for a period of time equal to the period of such violation.
VIOLATION OF COVENANT. The failure by Ocimum to perform, or any violation by Ocimum of, any of the covenants set forth in any Security Document, which failure is not cured within thirty (30) days after notice thereof is delivered to Ocimum by Ore.
