Employee acknowledges that Sample Clauses

Employee acknowledges that. (i) the payments, rights and benefits set forth in Section 4.A of the Agreement constitute full settlement of all his rights under the Agreement, (ii) he has no entitlement under any other severance or similar arrangement maintained by the Company, and (iii) except as otherwise provided specifically in this Release, the Company does not and will not have any other liability or obligation to Employee. Employee further acknowledges that, in the absence of his execution of this Release, the benefits and payments specified in Section 1.2(i) above would not be provided to him.
Sample 1
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Employee acknowledges that. (i) the Confidential Information is a valuable, special and unique asset; (ii) the provisions set forth in Sections 6, 7, 8 and 9 of this Agreement have been prepared to protect the Company's legitimate business interests and needs with the least possible degree of imposition upon Employee; (iii) the restrictions set forth in Sections 6, 7, 8 and 9 of this Agreement are intended to be reasonable in scope, duration and area, and are intended to be limited as reasonably necessary to protect the Company's legitimate business interests; and (iv) the provisions of Sections 6, 7, 8 and 9 of this Agreement and Employee's compliance therewith are a material inducement to the Company's agreement to enter into this Agreement.
Sample 1
Employee acknowledges that. (a) As a result of his employment by the Corporation, Employee has obtained and will obtain secret and confidential information concerning the business of Corporation and its affiliates, including, without limitation, the identity of customers and sources of supply, their needs and requirements, the nature and extent of contracts with them, and related cost, price and sales information.
Sample 1
Employee acknowledges that. (i) during the course of his association and employment with the Company, he will be in contact with suppliers and customers of the Company and will have access to the Company's, its affiliates' and their respective confidential and proprietary information including without limitation, their properties, research and development, accounts, books and records, sales, know-how, software, technology, inventions, techniques, profits, products, customers lists, requirements, suppliers, cost data, memoranda, devices, processes, methods, procedures, formulas, contract prices, pricing and other corporate activities, whether or not in written form or marked "Confidential", whether developed by Employee or others, which relate to the business operations, research development, engineering, products or activities of the Company and/or its affiliates (collectively "CONFIDENTIAL INFORMATION:); (ii) the Confidential Information constitutes "Trade Secrets" of the Company, within the meaning of the Illinois Trade Secrets Act; (iii) all documents, electronic, magnetic or other media and information which concern the Confidential Information are highly confidential and also constitute "trade secrets" as identified above; (iv) the Company has invested and will continue to invest considerable sums of money to obtain and maintain its Confidential Information; (v) the Company derives substantial economic benefit due to the confidentiality of its Confidential Information and inventions; (vi) the Company's competitors would obtain unfair economic and competitive advantages if its Confidential Information or inventions were divulged; (vii) the useful life of the Confidential Information based on general industry standards is unlimited; (viii) the Company has instituted procedures to maintain the confidentiality of its Confidential Information; (ix) the Company operates its business throughout the World (the "RESTRICTED TERRITORY"); and (x) the Confidential Information constitutes a highly significant factor in the Company's ability to conduct its business profitably. Recognizing that the disclosure or improper use of Confidential Information will cause serious and irreparable injury to the company, Employee agrees that he will not at any time, directly or indirectly: (i) disclose, assign or sell Confidential information to any third party or otherwise use Confidential Information for his own benefit or the benefit of others unless previously authorized, in writing, by the Company to ...
Sample 1
Employee acknowledges that. (a) He has carefully read and fully understands all of the provisions of this Agreement.
Sample 1
Employee acknowledges that. (a) Employee has read this Agreement, understands its contents and agrees to its terms and conditions of Employee’s own free will;
Sample 1

Related to Employee acknowledges that

  • Executive Acknowledgment Executive acknowledges (a) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement, and has been advised to do so by the Company, and (b) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment.

  • Employee Acknowledgment Employee acknowledges (i) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement and has been advised to do so by the Company, and (ii) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment.

  • Employee Acknowledgments Employee acknowledges and agrees that:

  • Executive Acknowledgement Executive acknowledges that Executive has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on Executive’s own judgment. [Signature Page Follows]

  • Employee Acknowledgements You agree that:

  • Employee Acknowledgement The Executive acknowledges that he has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on his own judgment.

  • Employee Agreements The Company will cause each person now or hereafter employed by it or by any subsidiary (or engaged by the Company or any subsidiary as a consultant/independent contractor) with access to confidential information and/or trade secrets to enter into a nondisclosure and proprietary rights assignment agreement.

  • Executive Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee, or other designee, or if there be no such designee, to Executive’s estate.

  • The Executive This Agreement is personal to the Executive and, without the prior express written consent of the Company, shall not be assignable by the Executive, except that the Executive’s rights to receive any compensation or benefits under this Agreement may be transferred or disposed of pursuant to testamentary disposition, intestate succession or pursuant to a domestic relations order. This Agreement shall inure to the benefit of and be enforceable by the Executive’s heirs, beneficiaries and/or legal representatives.

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