Acknowledgment of Restrictions. The FRANCHISEE acknowledges and agrees that the restrictions on transfer imposed herein are reasonable and are necessary to protect the City Looks Business System and the Marks, as well as CITY LOOKS' reputation and image, and are for the protection of CITY LOOKS, the FRANCHISEE and all other franchisees who own and operate City Looks businesses. Any assignment or transfer permitted by this Article 20 will not be effective until CITY LOOKS receives a completely executed copy of all transfer documents and CITY LOOKS consents to the transfer in writing, any attempted assignment or transfer made without complying with the requirements of this Article 20 will be void.
Acknowledgment of Restrictions. The FRANCHISEE acknowledges and agrees that the restrictions on transfer imposed herein are reasonable and are necessary to protect the We Care Hair Business System and the Marks, as well as WCH'S reputation and image, and are for the protection of WCH, the FRANCHISEE and all other franchisees who own and operate We Care Hair businesses. Any assignment or transfer permitted by this Article 20 will not be effective until WCH receives a completely executed copy of all transfer documents and WCH consents to the transfer in writing, and any attempted assignment or transfer made without complying with the requirements of this Article 20 will be void.
Acknowledgment of Restrictions. You acknowledge and agree that You understand the restrictions in this Section, and that they are reasonable and enforceable, in view of, among other things, Your position within the Company, the highly competitive nature of the Company’s business, and the confidential nature of the information You have been provided. You further agree that the Company would not have adequate protection if You were permitted to work for its competitors in violation of the terms of this Agreement since the Company would be unable to verify whether its Confidential Information was being disclosed and/or misused, and whether You were involved in diverting the Company’s customers and/or its customer goodwill.
Acknowledgment of Restrictions. The Company and the Executive acknowledge the restrictions contained in subsections 11(a) and 11(b) above to be reasonable for the purpose of preserving the Company's proprietary rights and interests and that the consideration therefor is comprised of the payments made hereunder and the mutual promises contained herein. If a court makes a final judicial determination that any such restrictions are unreasonable or otherwise unenforceable against the Executive, the Executive and the Company hereby authorize such court to amend this Agreement so as to produce the broadest, legally enforceable agreement and for this purpose the restrictions on time period, geographical area and scope of activities set forth in said subsection 11(a) above are divisible; if the court refuses to do so, the Executive and the Company hereby agree to modify the provision or provisions held to be unenforceable to preserve each party's anticipated benefits thereunder.
Acknowledgment of Restrictions. The FRANCHISEE acknowledges and agrees that the restrictions on transfer imposed herein are reasonable and are necessary to protect the Cost Cutters Business System and the Marks, as well as COST CUTTERS' reputation and image, and are for the protection of COST CUTTERS, the FRANCHISEE and all other franchisees who own and operate Cost Cutters businesses. Any assignment or transfer permitted by this Article 20 will not be effective until COST CUTTERS receives a completely executed copy of all transfer documents and COST CUTTERS consents to the transfer in writing, and any attempted assignment or transfer made without complying with the requirements of this Article 20 will be void.
Acknowledgment of Restrictions. Employee acknowledges that Employee is frequently in the possession of material nonpublic information. Employee also acknowledges that the Company imposes a ban on trading by senior management during the period from the close of each calendar quarter through the release of the Company’s financial results for that quarter. Employee further acknowledges that the Company imposes trading bans at other times due to the Company’s consideration, negotiation, or execution of material transactions. Accordingly, Employee agrees not to buy or sell Employer’s stock during any period when Employer imposes a ban on such trades or when the Employee is for any reason in the possession of material nonpublic information. Employee agrees to abide by the Company’s xxxxxxx xxxxxxx policy and the United States securities laws in buying and selling shares.
Acknowledgment of Restrictions. The FRANCHISEE acknowledges and agrees that the restrictions on transfer imposed herein are reasonable and are necessary to protect the Cost Cutters Business System and the Marks, as well as COST CUTTERS' reputation and image, and are for the protection of COST CUTTERS, the FRANCHISEE and all other Franchisees who own and operate Cost Cutters businesses. Any assignment or transfer permitted by Article 13 will not be effective until COST CUTTERS receives a completely executed copy of all transfer documents and COST CUTTERS consents to the transfer in writing.
Acknowledgment of Restrictions. Each Shareholder further understands that the issuance of Parent Common Shares or Exchangeable Shares to it will not be qualified by prospectus under Canadian provincial securities legislation and that such shares will be subject to resale restrictions under applicable Canadian provincial and United States federal and state securities laws.
Acknowledgment of Restrictions. Each of the Shareholders acknowledges ------------------------------ and understands that the limitations imposed upon him or it by Sections 8 and 9 with respect to such Shareholder's ownership of Shares significantly limit such Shareholder's ability to Transfer, and realize any value from, the Shares owned by the Shareholder.
Acknowledgment of Restrictions. The Shareholders acknowledge being informed that the Rako Shares are unregistered and must be held indefinitely unless they (i) are subsequently registered under the Securities Act, or (ii) an exemption from such registration is available, and (iii) Rako will not have an obligation to currently register the Rako Shares for the account of Shareholders other than as contemplated in the Stockholders Agreement.
