Common use of ACKNOWLEDGMENTS OF EXECUTIVE Clause in Contracts

ACKNOWLEDGMENTS OF EXECUTIVE. (a) Executive hereby acknowledges and agrees that: (i) this Employment Agreement is necessary for the protection of the legitimate business interests of the Company; (ii) the restrictions contained in this Employment Agreement may be enforced in a court of law whether or not Executive is terminated with or without Cause; (iii) Executive has no intention of competing with the Company within the limitations set forth above; (iv) Executive has received adequate and valuable consideration for entering into this Employment Agreement; (v) Executive’s covenants shall be construed as independent of any other provision in this Employment Agreement and the existence of any claim or cause of action Executive may have against the Company, whether predicated on this Employment Agreement or not, shall not constitute a defense to the enforcement by the Company of these covenants; and (vi) the execution and delivery of this Employment Agreement is a mandatory condition precedent to Executive’s receipt of the consideration provided herein.

Appears in 2 contracts

Samples: Senior Executive Employment Agreement (Igate Corp), Senior Executive Employment Agreement (Igate Corp)

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ACKNOWLEDGMENTS OF EXECUTIVE. (a) Executive hereby acknowledges and agrees that: (i) this Employment Agreement is necessary for the protection of the legitimate business interests of the Company, including, but not limited to, its goodwill, customer relationships, and Confidential Information; (ii) the restrictions contained in this Employment Agreement may be enforced in a court of law whether or not Executive is terminated with or without Cause; (iii) Executive has no intention of competing with the Company within the limitations set forth above; (iv) Executive has received adequate and valuable consideration for entering into this Employment Agreement; (v) Executive’s covenants shall be construed as independent of any other provision in this Employment Agreement and the existence of any claim or cause of action Executive may have against the Company, whether predicated on this Employment Agreement or not, shall not constitute a defense to the enforcement by the Company of these covenants; and (vi) the execution and delivery of this Employment Agreement is a mandatory condition precedent to Executive’s receipt of the consideration provided herein.

Appears in 2 contracts

Samples: Employment Agreement, Senior Executive Employment Agreement (Igate Corp)

ACKNOWLEDGMENTS OF EXECUTIVE. (a) Executive hereby acknowledges and agrees that: (i) this Employment Agreement is necessary for the protection of the legitimate business interests of the Company; : (ii) the restrictions contained in this Employment Agreement may be enforced in a court of law whether or not Executive is terminated with or without Cause; (iii) Executive has no intention of competing with the Company within the limitations set forth above; : (iv) Executive has received adequate and valuable consideration for entering into this Employment Agreement; (v) Executive’s covenants shall be construed as independent of any other provision in this Employment Agreement and the existence of any claim or cause of action Executive may have against the Company, whether predicated on this Employment Agreement or not, shall not constitute a defense to the enforcement by the Company of these covenants; and (vi) the execution and delivery of this Employment Agreement is a mandatory condition precedent to Executive’s receipt of the consideration provided herein.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Igate Corp)

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ACKNOWLEDGMENTS OF EXECUTIVE. (a) Executive hereby acknowledges and agrees that: (ia) this Employment Agreement is necessary for the protection of the legitimate business interests of the Company; (iib) the restrictions contained in this Employment Agreement may be enforced in a court of law whether or not Executive is terminated with or without Causecause or for performance related reasons; (iii) Executive has no intention of competing with the Company within the limitations set forth above; (ivc) Executive has received adequate and valuable consideration for entering into this Employment Agreement; (vd) Executive’s covenants shall be construed as independent of any other provision in this Employment Agreement and the existence of any claim or cause of action Executive may have against the Company, whether predicated on this Employment Agreement or not, shall not constitute a defense to the enforcement by the Company of these covenantscovenants (except that failure by the Company to pay undisputed wages or benefits which are properly due and owing to Executive shall void Executive’s non-competition and non-solicitation obligations under this Agreement); and (vie) the execution and delivery of this Employment Agreement is a mandatory condition precedent to the Executive’s receipt of the consideration provided herein; (f) Executive has no intention of competing with the Company within the limitations set forth above.

Appears in 1 contract

Samples: Executive Employment Agreement (Igate Corp)

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