Common use of Equitable Relief and Damages Clause in Contracts

Equitable Relief and Damages. (a) Executive acknowledges and agrees that the restrictions contained in Sections 2 and 3 are reasonable and necessary to protect and preserve the legitimate interests, properties, goodwill and business of the Company, that the Company would not have entered into this Agreement in the absence of such restrictions and that irreparable injury will be suffered by the Company should Executive breach any of the provisions of those Sections. Executive represents and acknowledges that (i) Executive has been advised by the Company to consult Executive's own legal counsel in respect of this Agreement, and (ii) that Executive has had full opportunity, prior to execution of this Agreement, to review thoroughly this Agreement with Executive's counsel.

Appears in 10 contracts

Samples: Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp)

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Equitable Relief and Damages. (a) Executive acknowledges The parties acknowledge and agrees agree that the restrictions contained in Sections 2 and 3 are reasonable and necessary to protect and preserve the legitimate interests, properties, goodwill and business of the Company, and legitimate interests and reputation of the Executive, and that the Company parties would not have entered into this Agreement in the absence of such restrictions and that irreparable injury will be suffered by the Company and the Executive should Executive either party breach any of the provisions of those Sections. Executive represents and acknowledges that (i) Executive has been advised by the Company to consult Executive's own legal counsel in respect of this Agreement, and (ii) that Executive has had full opportunity, prior to execution of this Agreement, to review thoroughly this Agreement with Executive's counsel.

Appears in 1 contract

Samples: Employment Agreement (National Steel Corp)

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