Common use of Covenants as to Confidential Information and Competitive Conduct Clause in Contracts

Covenants as to Confidential Information and Competitive Conduct. The Chairman acknowledges and agrees as follows: (i) this Section 7 is necessary for the protection of the legitimate business interests of the Company, (ii) the restrictions contained in this Section 7 with regard to geographical scope, length of term and types of restricted activities are reasonable, (iii) the Chairman has received adequate and valuable new consideration as set forth herein for entering into this Agreement, and (iv) the Chairman’s expertise and capabilities are such that this obligation and the enforcement of it by injunction or otherwise will not adversely affect the Chairman’s ability to earn a livelihood.

Covenants as to Confidential Information and Competitive Conduct. The Chairman acknowledges and agrees as follows: (i) this Section 7 8 is necessary for the protection of the legitimate business interests of the Company, (ii) the restrictions contained in this Section 7 8 with regard to geographical scope, length of term and types of restricted activities are reasonableReasonable, (iii) the Chairman has received adequate and valuable new consideration as set forth herein for entering into this Agreement, and (iv) the Chairman’s 's expertise and capabilities are such that this obligation and the enforcement of it by injunction or otherwise will not adversely affect the Chairman’s 's ability to earn a livelihood.