Violation of Covenants. The Employee expresses, agrees and acknowledges that the covenant not to compete contained in this Section 5 is necessary for the Company's protection because of the nature and scope of the Company's business and the Employee's position with and the scope of the duties, responsibilities and obligations delegated to the Employee by the Company. If any of the covenants or agreements contained in this Section 5 are violated, the Employee agrees and acknowledges that any such violation or threatened violation will cause irreparable injury to the Company and that the remedy at law for any such violation or threatened violation will be inadequate and that the Company will be entitled to injunctive relief and other equitable remedies without the necessity of proving actual damages. This non-competition period shall be extended by any period of time during which the Employee is in breach or violation of this covenant.
Appears in 4 contracts
Samples: Employment Agreement (Dynatec International Inc), Employment Agreement (Dynatec International Inc), Employment Agreement (Dynatec International Inc)
Violation of Covenants. The Employee expresses, agrees and acknowledges that the covenant not to compete contained in this Section 5 6 is necessary for the Company's protection because of the nature and scope of the Company's business and the Employee's position with and the scope of the duties, responsibilities and obligations delegated to the Employee by the Company. If any of the covenants or agreements contained in this Section 5 6 are violated, the Employee agrees and acknowledges that any such violation or threatened violation will cause irreparable injury to the Company and that the remedy at law for any such violation or threatened violation will be inadequate and that the Company will be entitled to injunctive relief and other equitable remedies without the necessity of proving actual damages. This non-competition period shall be extended by any period of time during which the Employee is in breach or violation of this covenant.
Appears in 1 contract