Common use of Your Importance to the Company and the Effect of this Section 8 Clause in Contracts

Your Importance to the Company and the Effect of this Section 8. You acknowledge that: (1) In the course of your involvement in the Company’s activities, you will have access to Proprietary Information and the Company’s customer base and will profit from the goodwill associated with the Company. On the other hand, in view of your access to Proprietary Information and your importance to the Company, if you compete with the Company for some time after your employment, the Company will likely suffer significant harm. In return for the benefits you will receive from the Company and to induce the Company to enter into this Agreement, and in light of the potential harm you could cause the Company, you agree to the provisions of this Section 8. The Company would not have entered into this Agreement if you did not agree to this Section 8. (2) In light of Section 8(b)(1), if you breach any provision of this Section 8, the loss to the Company would be material but the amount of loss would be uncertain and not readily ascertainable. (3) This Section 8 limits your ability to earn a livelihood in a Competitive Enterprise and your relationships with Customers. You acknowledge, however, that complying with this Section 8 will not result in severe economic hardship for you or your family.

Appears in 2 contracts

Samples: Employment Agreement (Duckwall Alco Stores Inc), Employment Agreement (Duckwall Alco Stores Inc)

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Your Importance to the Company and the Effect of this Section 8. You acknowledge that: (1) In the course of your involvement in the Company’s activities, you will have access to Proprietary Information and the Company’s customer base and will profit from the goodwill associated with the Company. On the other hand, in view of your access to Proprietary Information and your importance to the Company, if you compete with the Company for some time after your employment, the Company will likely suffer significant harm. In return for the benefits benefits, you will receive from the Company and to induce the Company to enter into this Agreement, and in light of the potential harm harm, you could cause the Company, you agree to the provisions of this Section 8. The Company would not have entered into this Agreement if you did not agree to this Section 8. (2) In light of Section 8(b)(1), if you breach any provision of this Section 8, the loss to the Company would be material but the amount of loss would be uncertain and not readily ascertainable. (3) This Section 8 limits your ability to earn a livelihood in a Competitive Enterprise and your relationships with Customers. You acknowledge, however, that complying with this Section 8 will not result in severe economic hardship for you or your family.

Appears in 1 contract

Samples: Employment Agreement (Alco Stores Inc)

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Your Importance to the Company and the Effect of this Section 8. You acknowledge that: (1) In the course of your involvement in the Company’s activities, you will have access to Proprietary Information and the Company’s customer base and will profit from the goodwill associated with the Company. On the other hand, in view of your access to Proprietary Information and your importance to the Company, if you compete with the Company for some time after your employment, the Company will likely suffer significant harm. In return for the benefits you will receive from the Company and to induce the Company to enter into this Agreement, and in light of the potential harm you could cause the Company, you agree to the provisions of this Section 8. The Company would not have entered into this Agreement if you did not agree to this Section 8. (2) In light of Section 8(b)(18(b)(l), if you breach any provision of this Section 8, the loss to the Company would be material but the amount of loss would be uncertain and not readily ascertainable. (3) This Section 8 limits your ability to earn a livelihood in a Competitive Enterprise and your relationships with Customers. You acknowledge, however, that complying with this Section 8 will not result in severe economic hardship for you or your family.

Appears in 1 contract

Samples: Employment Agreement (Duckwall Alco Stores Inc)

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