Common use of Acknowledgment Regarding Restrictions Clause in Contracts

Acknowledgment Regarding Restrictions. Employee recognizes and agrees that the restraints contained in Section 3 are reasonable and enforceable in view of Company's legitimate interests in protecting its Confidential and Trade Secret Information and customer goodwill. Employee understands that the post-employment restrictions contained herein will preclude, for a time, Employee's employment with such major competitors of Company in magnetic instrument guidance. Employee understands that the restrictions of Section 3 are not limited geographically in view of Company's nationwide operations and the Confidential and Trade Secret Information and customers to which Employee had access.

Appears in 3 contracts

Samples: Employment Agreement (Stereotaxis, Inc.), Confidentiality and Noncompete Agreement (Stereotaxis, Inc.), Confidentiality and Noncompete Agreement (Stereotaxis, Inc.)

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Acknowledgment Regarding Restrictions. Employee recognizes and agrees that the restraints contained in Section 3 are reasonable and enforceable in view of Company's legitimate interests in protecting its Confidential and Trade Secret Information and customer goodwill. Employee understands that the post-employment restrictions contained herein will preclude, for a time, Employee's employment with such major competitors of Company in magnetic instrument guidanceCompany. Employee understands that the restrictions of Section 3 are not limited geographically in view of Company's nationwide operations and the Confidential and Trade Secret Information and customers to which Employee had access.

Appears in 1 contract

Samples: Confidentiality and Noncompete Agreement (Stereotaxis, Inc.)

Acknowledgment Regarding Restrictions. Employee recognizes and agrees that the restraints contained in Section 3 are reasonable and enforceable in view of Company's ’s legitimate interests in protecting its Confidential and Trade Secret Information and customer goodwill. Employee understands that the post-employment restrictions contained herein will preclude, for a time, Employee's ’s employment with such major competitors of Company in magnetic instrument guidancethe medical device and medical equipment industry. Employee understands that the restrictions of Section 3 are not limited geographically in view of Company's ’s nationwide operations and the Confidential and Trade Secret Information and customers to which Employee had access.

Appears in 1 contract

Samples: Confidentiality and Noncompete Agreement

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Acknowledgment Regarding Restrictions. Employee recognizes and agrees that the restraints contained in Section 3 are reasonable and enforceable in view of Company's legitimate interests in protecting its Confidential and Trade Secret Information and customer goodwill. Employee understands that the post-employment restrictions contained herein will preclude, for a time, Employee's employment with such major competitors of Company in the field of magnetic instrument guidance. Employee understands that the restrictions of Section 3 are not limited geographically in view of Company's nationwide operations and the Confidential and Trade Secret Information and customers to which Employee had access.

Appears in 1 contract

Samples: Confidentiality and Noncompete Agreement (Stereotaxis, Inc.)

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