Common use of Adequate Consideration Clause in Contracts

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 and 7 and that The Bank is entitled to require him to comply with these paragraphs. These paragraphs will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 4 contracts

Samples: Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp)

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Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph paragraphs 5(a), 6 7, and 7 8, and that The Bank is entitled to require him to comply with these paragraphs. These paragraphs will survive termination of this Agreementagreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the The Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 3 contracts

Samples: Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 6, and 7 7, and that The Bank is entitled to require him to comply with these paragraphs. These paragraphs will survive termination of this Agreementagreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the The Bank's ’s enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 3 contracts

Samples: Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 Sections 11 and 7 12 and that The the Bank is entitled to require him to comply with these paragraphsSections. These paragraphs Sections will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 2 contracts

Samples: Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph paragraphs 5(a), 6 7, and 7 8, and that The Bank is entitled to require him her to comply with these paragraphs. These paragraphs will survive termination of this Agreementagreement. The Executive represents that if his her employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the The Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 2 contracts

Samples: Employment Agreement (Pacific Financial Corp), Employment Agreement (Pacific Financial Corp)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 Sections 12 and 7 13 and that The the Bank is entitled to require him to comply with these paragraphsSections. These paragraphs Sections will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 2 contracts

Samples: First Community Financial Group Employment Agreement (First Community Financial Group Inc), Employment Agreement (Frontier Financial Corp /Wa/)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 and Sections 7 and 8 and that The the Bank is entitled to require him to comply with these paragraphsSections. These paragraphs Sections will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 1 contract

Samples: Employment Agreement (Pacific Financial Corp)

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Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 Sections 8 and 7 9 and that The the Bank is entitled to require him to comply with these paragraphsSections. These paragraphs Sections will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 1 contract

Samples: Employment Agreement (Harbor Bancorp Inc)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 and 7 and that The Bank is entitled to require him to comply with these paragraphs. These paragraphs will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's ’s enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 1 contract

Samples: Employment Agreement (Pacific Financial Corp)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph paragraphs 5(a), 6 7, and 7 8, and that The Bank is entitled to require him to comply with these paragraphs. These paragraphs will survive termination of this Agreementagreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the The Bank's ’s enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.

Appears in 1 contract

Samples: Employment Agreement (Pacific Financial Corp)

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 Sections 11 and 7 12 and that The the Bank is entitled to require him to comply with these paragraphsSections. These paragraphs Sections will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood. 15.

Appears in 1 contract

Samples: Employment Agreement (Interwest Bancorp Inc)

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