Common use of Enforcement; Remedies Clause in Contracts

Enforcement; Remedies. Participant acknowledges that Participant’s expertise in the business of the Company is of a special and unique character which gives this expertise a particular value, and that a breach of Sections 4 or 5 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, Participant acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or curtail any breach of this Agreement. Participant acknowledges, however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies in the event of a breach of this Agreement by Participant. For purposes of Sections 4 and 5, “Company” shall specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended by the greater of either: one day for each day Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records.

Enforcement; Remedies. Participant acknowledges The Executive understands and agrees that Participant’s expertise in the business of he will provide unique services to the Company is of a special and unique character which gives this expertise a particular value, and that a breach the restrictions contained in Sections 11 and 12 of Sections 4 or 5 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at lawthis Agreement are reasonable, fair, and equitable relief would be in scope, terms, and duration, are necessary to protect the legitimate business interests, trade secrets, and good will of the Company, and are a material inducement to the Company from a violation to enter into this Agreement, and that any breach or threatened breach of this Agreement the restrictions stated in Sections 11 and from 12 would cause the Company substantial and irreparable harm for which this Agreement there is intended to preventno adequate remedy at law. By reason thereof, Participant The Executive further acknowledges that the restrictions set forth in Sections 11 and 12 may limit his employment opportunities, but he represents that he will be able to obtain suitable employment without violating the provisions of Sections 11 and 12. Therefore, the Executive agrees and consents to the issuance of injunctive relief in favor of the Company is entitledby any court of competent jurisdiction, where, in addition to any other remedies it may have under the Company’s sole discretion, the Company has acted upon reasonable information concerning a breach or potential breach of this Agreement or otherwiseAgreement, to preliminary enjoin the breach of any of the covenants of the Executive contained in Sections 11 and permanent injunctive 12 of this Agreement. The Executive will provide the Company a full accounting of all proceeds and other equitable relief profits received by the Executive as a result of or in connection with a breach of this Agreement. Unless prohibited by law, the Company shall have the right to prevent or curtail retain any amounts otherwise payable by the Company to the Executive to satisfy any obligations of the Executive as a result of any breach of this Agreement. Participant acknowledges, however, that no specification in this Agreement The Executive hereby agrees to indemnify and hold harmless the Company from and against any damages incurred by the Company as assessed by a court of a specific legal or equitable remedy may be construed competent jurisdiction as a waiver result of or prohibition against the Company pursuing other legal or equitable remedies in the event any breach of a breach Sections 11 and 12 of this Agreement by Participantthe Executive. For purposes of Sections 4 and 5, “Company” Nothing contained in this Section shall specifically include invalidate or waive any other rights or remedies which the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction may have at law or in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended by the greater of either: one day for each day Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company recordsequity.

Enforcement; Remedies. Participant acknowledges that Participant’s expertise in the business of the Company Business is of a special and unique character which gives this expertise a particular value, and that a breach of Sections 4 or 5 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, Participant acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or curtail any breach of this Agreement. Participant acknowledges, however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies in the event of a breach of this Agreement by Participant. For purposes of Sections 4 and 5, “Company” shall specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended by the greater of either: one day for each day Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records.

Enforcement; Remedies. Participant acknowledges that Participant’s expertise in the business of the Company Business is of a special and unique character which gives this expertise a particular value, and that a breach of Sections 4 7 or 5 8 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 7 or 5 8 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, Participant acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or curtail any breach of this Agreement. Participant acknowledges, however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies in the event of a breach of this Agreement by Participant. For purposes of Sections 4 7 and 58, “Company” shall specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended by the greater of either: one day for each day Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records.

Enforcement; Remedies. Participant Restricted Party acknowledges that Participant’s expertise in the business of it would be difficult to calculate the Company is of a special and unique character which gives this expertise a particular value, and that a Group’s damages from Restricted Party’s breach of Sections 4 or 5 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to preventthat money damages would therefore be an inadequate remedy. By reason thereofAccordingly, Participant upon such breach, Restricted Party acknowledges that the Company is entitledGroup, or any Company Group Member, may seek and shall be entitled to temporary, preliminary, and/or permanent injunctive relief against Restricted Party, and/or other appropriate orders to restrain such breach. Nothing in addition to this provision shall limit the Company Group from seeking any other remedies it may have under damages or relief provided by applicable law for breach of this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent any section or curtail any breach of this Agreementprovision hereof. Participant acknowledges, however, The parties agree that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal Group may obtain specific performance, and that the Company Group shall not be required to post bond in the event it is necessary for the Company Group to obtain temporary or equitable remedies preliminary injunctive relief, any bond requirement hereby being expressly waived by Restricted Party. Restricted Party further understands and agrees that (i) in the event of a breach or violation, or threatened breach or violation, of any of the respective covenants and agreements set forth in this Agreement by Participant. For purposes of Sections 4 and 5Agreement, “Company” shall specifically include the Company Group shall be entitled to receive all such amounts to which they would be entitled as damages under law or at equity, and its direct (ii) in the event of a finally determined breach or violation of Section 1(a) or Section 1(b) set forth in this Agreement, the obligations of the Company Group to make any further payments or distributions to Restricted Party pursuant to any other agreement, contract or arrangement (including, without limitation, the Business Combination Agreement or any employment agreement, offer letter or similar agreement) between any Company Group Member and indirect parent entitiesRestricted Party relating to or arising out of Restricted Party’s relationship with the Company Group, subsidiaries, successors shall be suspended until Restricted Party shall cease violating or breaching (or threatening to breach or violate) Restricted Party’s respective covenants and assigns. If Participant fails to comply with a restriction agreements contained in this Agreement and the Company Group shall have received reasonable assurances from Restricted Party that applies for a limited period of he will no longer engage in the same, at which time after employmentthe previously suspended payments and distributions shall be made to Restricted Party, the time period for that restriction will which amounts shall be extended reduced by the greater of either: one day for each day Participant is found damages and costs suffered or incurred by the Company Group related to have violated the restriction, such breach or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time violation. Nothing herein shall be capped so construed as prohibiting any Company Group Member from pursuing any other legal or equitable remedies that may be available to them for any such breach or violation, including the extension recovery of time does not exceed two years damages from Restricted Party. If any Company Group Member files suit to enforce the date their employment endedcovenants contained herein, and if this extension would make is the restriction unenforceable under applicable law prevailing party in such suit, it will not shall be applied (“Fairness Extension”). If Participant resides entitled to recover, in addition to all other damages or works remedies provided for herein, its costs incurred in Massachusettsprosecuting said suit, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company recordsincluding reasonable attorneys’ fees.

Enforcement; Remedies. The Participant acknowledges that the Participant’s expertise in the business of the Company Business is of a special and unique character which gives this expertise a particular value, and that a breach of Sections 4 7 or 5 8 by the Participant will cause serious and potentially irreparable harm to the Company. The Participant therefore acknowledges that a breach of Sections 4 7 or 5 8 by the Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, the Participant acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or curtail any breach of this Agreement. The Participant acknowledges, however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies in the event of a breach of this Agreement by the Participant. For purposes of Sections 4 7 and 58, “Company” shall will specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If the Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended by the greater of either: one day for each day the Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall will be capped so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records.

Enforcement; Remedies. Participant acknowledges that Participant’s expertise in the business of the Company is of a special and unique character which gives this expertise a particular value, and that a breach of Sections 4 or 5 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, Participant acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or curtail any breach of this Agreement. Participant acknowledges, however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies in the event of a breach of this Agreement by Participant. For purposes of Sections 4 and 5, “Company” shall specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employmentService, the time period for that restriction will be extended by the greater of either: one day for each day Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped so that the extension of time does not exceed two years from the date their employment Service ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records.

Enforcement; Remedies. Participant acknowledges that Participant’s expertise in the business of the Company Business is of a special and unique character which gives this expertise a particular value, and that a breach of Sections 4 or 5 by Participant will cause serious and potentially irreparable harm to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to prevent. By reason thereof, Participant acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or curtail any breach of this Agreement. Participant acknowledges, however, that no specification in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies in the event of a breach of this Agreement by Participant. For purposes of Sections 4 and 5, “Company” shall specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended by the greater of either: one day for each day Participant is found to have violated the restriction, or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped IF " DOCVARIABLE "SWDOCIDLOCATION" 1" = "1" "WEIL:\98477713\4\58167.0004" "" WEIL:\98477713\4\58167.0004 DOCPROPERTY "CUS_DocIDChunk0" 157874926.2 so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records.

Enforcement; Remedies. Participant acknowledges (a) The parties agree that Participant’s expertise irreparable damage would occur in the business event that any of the Company is provisions of a special and unique character which gives this expertise a particular valueAgreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, and that a breach each of Sections 4 the parties shall be entitled to specific performance of the terms hereof, including an injunction or 5 by Participant will cause serious and potentially irreparable harm injunctions to the Company. Participant therefore acknowledges that a breach of Sections 4 or 5 by Participant cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation prevent breaches of this Agreement and from to enforce specifically the harm which terms and provisions of this Agreement is intended to prevent. By reason thereofin any New York State or federal court sitting in the Borough of Manhattan in the City of New York (or, Participant acknowledges that the Company is entitledif such court lacks subject matter jurisdiction, in any appropriate New York State or federal court), this being in addition to any other remedies it may have remedy to which such party is entitled at law or in equity. Each of the parties hereby further waives (a) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement under this Agreement or otherwise, any law to preliminary and permanent injunctive and other post security as a prerequisite to obtaining equitable relief relief. Notwithstanding anything to prevent or curtail any breach of the contrary in this Agreement. Participant acknowledges, however, it is explicitly agreed that no specification the Seller shall be entitled to specific performance of the Buyer’s obligation to cause the Equity Financing to be funded and to effect the Closing in this Agreement of a specific legal or equitable remedy may be construed as a waiver of or prohibition against the Company pursuing other legal or equitable remedies accordance with Section 2.2 if and only in the event that (i) all of a breach the conditions set forth in Article VII have been satisfied or, to the extent permitted by applicable Law and with respect to the conditions set forth in Section 7.2, solely for purposes of consummating the transactions contemplated by this Agreement Agreement, waived (other than such conditions as may, by Participanttheir terms, only be satisfied at the Closing or on the Closing Date; provided, that such conditions are capable of being satisfied at the time of the Closing), (ii) the Debt Financing has been funded in accordance with the terms thereof or will be funded in accordance with the terms thereof at the Closing if the Equity Financing is funded at the Closing, (iii) the Buyer fails to complete the Closing by the date the Closing otherwise would have been required to have occurred pursuant to Section 2.2 and (iv) the Seller has irrevocably confirmed in writing that if specific performance is granted and the Equity Financing and Debt Financing are funded, then it is willing to waive any unsatisfied conditions in Section 7.2 (but solely for purposes of consummating the transactions contemplated by this Agreement) and the Closing pursuant to Section 2.2 will occur. For purposes of Sections 4 and 5this Section 10.13(a), references to “CompanyDebt Financing” shall specifically include the Company and its direct and indirect parent entities, subsidiaries, successors and assigns. If Participant fails to comply with a restriction in this Agreement that applies for a limited period of time after employment, the time period for that restriction will be extended financing contemplated by the greater of either: one day for each day Participant is found Commitment Letters as required or permitted to have violated the restriction, be replaced or the length of the legal proceeding necessary to secure enforcement of the restriction; provided, however, that this extension of time shall be capped so that the extension of time does not exceed two years from the date their employment ended, and if this extension would make the restriction unenforceable under applicable law it will not be applied (“Fairness Extension”). If Participant resides or works in Massachusetts, the Fairness Extension will only apply to the restrictions in substituted by Section 5(b) and (c) and will only apply to the non-competition restriction in Section 5(a) if Participant breaches their fiduciary duty and/or has unlawfully taken, physically or electronically, any Company records5.3.