Common use of Business Relationships and Goodwill Clause in Contracts

Business Relationships and Goodwill. Executive acknowledges and agrees that, as an employee and representative of the Company, Executive will be given Confidential Information. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, limited partners, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, limited partners, and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 12 contracts

Samples: Stock Option Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc)

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Business Relationships and Goodwill. Executive acknowledges and agrees that, as an employee the President and representative Chief Executive Officer of the Company, Executive will be given Confidential InformationInformation and that his services are unique and extraordinary. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, limited partnersmembers, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, limited partnersmembers, and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 1 contract

Samples: Executive Employment Agreement (BioFuel Energy Corp.)

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Business Relationships and Goodwill. Executive acknowledges and agrees that, as an employee the President and representative Chief Executive Officer of the Company, Executive will be given Confidential InformationInformation and that his services are unique and extraordinary. Executive acknowledges and agrees that this creates a special relationship of trust and confidence between the Company, Executive and the Company’s current and prospective customers, limited partnersmembers, and investors. Executive further acknowledges and agrees that there is a high risk and opportunity for any person given such responsibility responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the Company and the Company’s current and prospective customers, limited partnersmembers, vendors and investors. Executive therefore acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself from the risk of such misappropriation. Consequently, Executive agrees to the following noncompetition and nonsolicitation covenants.

Appears in 1 contract

Samples: Executive Employment Agreement (BioFuel Energy Corp.)

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