Common use of Covenant Against Competition; Other Covenants Clause in Contracts

Covenant Against Competition; Other Covenants. The Executive acknowledges that (i) the principal business of the Company is the acquisition, ownership and management of a diversified portfolio of high-quality, single-tenant, freestanding properties leased to retail businesses (such business, and any and all other businesses that after the date hereof, and from time to time during the Term, become material and substantial with respect to the Company's then-overall business, herein being collectively referred to as the "Business"); (ii) the Company knows of a limited number of persons who have developed the Company's Business; (iii) the Company's Business is, in part, national in scope; (iii) the Executive's work for the Company and its subsidiaries (and the predecessors of either) has given and will continue to give the Executive access to the confidential affairs and proprietary information of the Company; (v) the covenants and agreements of the Executive contained in this Section 6 are essential to the business and goodwill of the Company; and (vi) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 6. In light of the foregoing, during the Term and for a period of one year thereafter (and, as to Section 6.1(b) and (d), at any time during and after the Executive's employment with the Company and its subsidiaries (and the predecessors of either)):

Appears in 1 contract

Samples: Employment Agreement (Commercial Net Lease Realty Inc)

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Covenant Against Competition; Other Covenants. The Executive acknowledges that (i) the principal business of the Company and CNLR is the development, acquisition, ownership ownership, management and management sale of a diversified portfolio of high-quality, single-tenant, freestanding properties leased to retail businesses (such business, and any and all other businesses that after the date hereof, and from time to time during the Term, become material and substantial with respect to the Company's ’s then-overall business, herein being collectively referred to as the "Business"); (ii) the Company knows of a limited number of persons who have developed the Company's ’s Business; (iii) the Company's ’s Business is, in part, national in scope; (iiiiv) the Executive's ’s work for the Company and its subsidiaries (and the predecessors of either) has given and will continue to give the Executive access to the confidential affairs and proprietary information of the Company; (vvi) the covenants and agreements of the Executive contained in this Section 6 are essential to the business and goodwill of the Company; and (vivii) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 6. In light of the foregoing, during the Term and for a period of one (1) year thereafter (and, as to Section Sections 6.1(b) and (d), at any time during and after the Executive's ’s employment with the Company and its subsidiaries (and the predecessors of either)):

Appears in 1 contract

Samples: Employment Agreement (Commercial Net Lease Realty Inc)

Covenant Against Competition; Other Covenants. The Executive acknowledges that (i) the principal business of the Company is the acquisition, ownership and management of a diversified portfolio of high-quality, single-tenant, freestanding properties leased to retail businesses (such business, and any and all other businesses that after the date hereof, and from time to time during the Term, become material and substantial with respect to the Company's ’s then-overall business, herein being collectively referred to as the "Business"); (ii) the Company knows of a limited number of persons who have developed the Company's ’s Business; (iii) the Company's ’s Business is, in part, national in scope; (iii) the Executive's ’s work for the Company and its subsidiaries (and the predecessors of either) has given and will continue to give the Executive access to the confidential affairs and proprietary information of the Company; (v) the covenants and agreements of the Executive contained in this Section 6 are essential to the business and goodwill of the Company; and (vi) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 6. In light of the foregoing, during the Term and for a period of one year thereafter (and, as to Section 6.1(b6.1 (b) and (d), at any time during and after the Executive's ’s employment with the Company and its subsidiaries (and the predecessors of either)):

Appears in 1 contract

Samples: Employment Agreement (Commercial Net Lease Realty Inc)

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Covenant Against Competition; Other Covenants. The Executive acknowledges that (i) the principal business of the Company is the acquisition, ownership and management of a diversified portfolio of high-quality, single-tenant, freestanding properties leased to retail businesses (such business, and any and all other businesses that after the date hereof, and from time to time during the Term, become material and substantial with respect to the Company's ’s then-overall business, herein being collectively referred to as the "Business"); (ii) the Company knows of a limited number of persons who have developed the Company's ’s Business; (iii) the Company's ’s Business is, in part, national in scope; (iiiiv) the Executive's ’s work for the Company and its subsidiaries (and the predecessors of either) has given and will continue to give the Executive access to the confidential affairs and proprietary information of the Company; (vvi) the covenants and agreements of the Executive contained in this Section 6 are essential to the business and goodwill of the Company; and (vivii) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 6. In light of the foregoing, during the Term and for a period of one (1) year thereafter (and, as to Section Sections 6.1(b) and (d), at any time during and after the Executive's ’s employment with the Company and its subsidiaries (and the predecessors of either)):

Appears in 1 contract

Samples: Employment Agreement (Commercial Net Lease Realty Inc)

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