Common use of Certain Acknowledgements Clause in Contracts

Certain Acknowledgements. Executive acknowledges and agrees that Executive will have a prominent role in the management of the business, and the development of the goodwill, of the Company and its affiliates and will establish and develop relations and contacts with the principal customers and suppliers of the Company and its affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, the Company and its affiliates and that (i) in the course of his employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its affiliates in the United States of America and the rest of the world that could be used to compete unfairly with the Company and its affiliates; (ii) the covenants and restrictions contained in Section 5 are intended to protect the legitimate interests of the Company and its affiliates in their respective goodwill, trade secrets and other confidential and proprietary information; (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including, but not limited to, the option awards) are adequate consideration for the restrictive covenants provided in Section 5.

Appears in 2 contracts

Samples: Employment Agreement (ALTERRA CAPITAL HOLDINGS LTD), Employment Agreement (Max Capital Group Ltd.)

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Certain Acknowledgements. Executive acknowledges and agrees that Executive will have a prominent role in the management of the business, and the development of the goodwill, goodwill of the Company and its affiliates affiliates, and has and will establish and develop relations and contacts with the principal customers and suppliers business relationships of the Company and its affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, the Company and its or such affiliates and that (i) in the course of his Executive’s employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its affiliates in the United States of America and the rest of the world that could be used to compete unfairly with the Company and its affiliates; (ii) the covenants and restrictions contained in Section 5 8 are intended to protect the legitimate interests of the Company and its affiliates in their respective goodwill, trade secrets and other confidential and proprietary information; and (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including, but not limited to, the option awards) are adequate consideration for the restrictive covenants provided in Section 5.

Appears in 1 contract

Samples: Employment Agreement (Avatar Holdings Inc)

Certain Acknowledgements. Executive acknowledges and agrees that Executive will have a prominent role in the management of the business, and the development of the goodwill, of the Company and its affiliates and will establish and develop relations and contacts with the principal customers customers, suppliers, clients and suppliers service providers of the Company and its affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, the Company and its affiliates and that (i) in the course of his employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its affiliates in the United States of America and the rest of the world that could be used to compete unfairly with the Company and its affiliatesCompany; (ii) the covenants and restrictions contained in this Section 5 6 are intended to protect the legitimate interests of the Company and in its affiliates in their respective goodwill, trade secrets and other confidential and proprietary information; (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including, but not limited to, the option awards) are is adequate consideration for the restrictive covenants provided in this Section 56.

Appears in 1 contract

Samples: Employment Agreement (Emtec Inc/Nj)

Certain Acknowledgements. Executive acknowledges and agrees that Executive will have a prominent role in the management of the business, and the development of the goodwill, of the Company and its affiliates and will establish and develop relations and contacts with the principal customers and suppliers of the Company and its affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, the Company and its affiliates and that (i) in the course of his employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its affiliates in the United States of America and the rest of the world that could be used to compete unfairly with the Company and its affiliates; (ii) the covenants and restrictions contained in Section 5 are intended to protect the legitimate interests of the Company and its affiliates in their respective goodwill, trade secrets and other confidential and proprietary information; (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including, but not limited to, the option and restricted stock awards) are adequate consideration for the restrictive covenants provided in Section 5.

Appears in 1 contract

Samples: Employment Agreement (Max Capital Group Ltd.)

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Certain Acknowledgements. Executive acknowledges and agrees that Executive will have a prominent role in the management of the business, and the development of the goodwill, goodwill of the Company and its affiliates their affiliates, and has and will establish and develop relations and contacts with the principal customers and suppliers business relationships of the Company and its their affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, with the Company and its or such affiliates and that (i) in the course of his Executive’s employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its their affiliates in the United States of America and the rest of the world that could be used to compete unfairly with the Company and its their affiliates; (ii) the covenants and restrictions contained in Section 5 8 are intended to protect the legitimate interests of the Company and its their affiliates in their respective goodwill, trade secrets and other confidential and proprietary information; and (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including, but not limited to, the option awards) are adequate consideration for the restrictive covenants provided in Section 5.

Appears in 1 contract

Samples: Employment Agreement (AV Homes, Inc.)

Certain Acknowledgements. Executive acknowledges and agrees that Executive will have a prominent role in the management of the business, and the development of the goodwill, of the Company and its affiliates and will establish and develop relations and contacts with the principal customers and suppliers of the Company and its affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, the Company and its affiliates and that (i) in the course of his Executive’s employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its affiliates in the United States of America and the rest of the world that could be used to compete unfairly with the Company and its affiliates; (ii) the covenants and restrictions contained in Section 5 6 are intended to protect the legitimate interests of the Company and its affiliates in their respective goodwill, trade secrets and other confidential and proprietary information; (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including, but not limited to, the option awards) are adequate consideration for the restrictive covenants provided in Section 56.

Appears in 1 contract

Samples: Employment Agreement (Advaxis, Inc.)

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