Common use of Departure Clause in Contracts

Departure. Except as provided herein, should Executive leave the employment of the Corporation, Executive will neither take nor retain, without prior written authorization from the Corporation, any papers, client lists, fee books, client records, files, or other documents or copies thereof or other confidential information of any kind belonging to the Corporation pertaining to the Corporation's clients, business, sales, financial condition, or products. Without limiting other possible remedies to the Corporation for the breach of this covenant, Executive agrees that injunctive or other equitable relief shall be available to enforce this covenant, such relief to be without the necessity of posting a bond, cash or otherwise. Executive further agrees that if any restriction contained in this paragraph is held by any court to be unenforceable or unreasonable, a lesser restriction shall be enforced in its place and remaining restrictions contained herein shall be enforced independently of each other.

Appears in 5 contracts

Samples: Employment Agreement (Vestin Group Inc), Employment Agreement (Vestin Group Inc), Employment Agreement (Vestin Group Inc)

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Departure. Except as provided herein, should Executive leave the employment of the Corporation, Executive will neither take nor retain, without prior written authorization from the Corporation, any papers, client lists, fee books, client records, files, or other documents or copies thereof or other confidential information of any kind belonging to the Corporation pertaining to the Corporation's clients, business, sales, financial condition, or products. Without limiting other possible remedies to the Corporation for the breach of this covenant, Executive agrees that injunctive or other equitable relief shall be available to enforce this covenant, such relief to be without the necessity of posting a bond, cash or otherwise. Executive further agrees that if any restriction contained in this paragraph is held by any court to be unenforceable or unreasonable, a lesser restriction shall be enforced in its place and remaining restrictions contained herein shall be enforced independently of each other.by

Appears in 1 contract

Samples: Employment Agreement (Vestin Group Inc)

Departure. Except as provided herein, should Executive leave the employment of the Corporation, Executive will neither take nor retain, without prior written authorization from the Corporation, any papers, client lists, fee books, client records, files, or other documents or copies thereof or other confidential information of any kind belonging to the Corporation pertaining to the Corporation's Corporation"s clients, business, sales, financial condition, or products. Without limiting other possible remedies to the Corporation for the breach of this covenant, Executive agrees that injunctive or other equitable relief shall be available to enforce this covenant, such relief to be without the necessity of posting a bond, cash or otherwise. Executive further agrees that if any restriction contained in this paragraph is held by any court to be unenforceable or unreasonable, a lesser restriction shall be enforced in its place and remaining restrictions contained herein shall be enforced independently of each other.

Appears in 1 contract

Samples: Employment Agreement (Sunderland Corp)

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Departure. Except as provided herein, should Executive leave the employment of the Corporation, Executive will neither take nor no retain, without prior written authorization from the Corporation, any papers, client lists, fee books, client records, files, or other documents or copies thereof or other confidential information of or any kind belonging to the Corporation pertaining to the Corporation's clients, business, sales, financial condition, or products. Without limiting other possible remedies to the Corporation for the breach of this covenant, Executive agrees that injunctive or other equitable relief shall be available to enforce this covenant, such relief to be without the necessity of posting a bond, cash or otherwise. Executive further agrees that if any restriction contained in this paragraph is held by any court to be unenforceable or unreasonable, a lesser restriction shall be enforced in its place and remaining restrictions contained herein shall be enforced independently of each other.

Appears in 1 contract

Samples: Employment Agreement (Vestin Group Inc)

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