Common use of Executive Acknowledgements Clause in Contracts

Executive Acknowledgements. Executive acknowledges that (i) the Employer has separately bargained and paid additional consideration for the restrictive covenants in this Section 11 and (ii) the Employer will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of the Employer and the irreparable injury that would befall the Employer should Executive breach such covenants. Executive further acknowledges that Executive’s services are of a special, unique and extraordinary character and that Executive’s position with the Employer will place Executive in a position of confidence and trust with customers and employees of the Employer and its subsidiaries and affiliates and with the Employer’s other constituencies and will allow Executive access to Trade Secrets and Confidential Information (each as defined below) concerning the Employer and its subsidiaries and affiliates. Executive further acknowledges that the types and periods of restrictions imposed by the covenants in this Section 11 are fair and reasonable and that such restrictions will not prevent Executive from earning a livelihood.

Appears in 8 contracts

Samples: Executive Employment Agreement (Ameris Bancorp), Executive Employment Agreement (Ameris Bancorp), Executive Employment Agreement (Ameris Bancorp)

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Executive Acknowledgements. Executive acknowledges that (i) the Employer Executive has separately bargained received good and paid additional valuable consideration in exchange for Executive's agreement to be bound by the restrictive covenants in this Section 11 and (ii) the Employer will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of the Employer and the irreparable injury that would befall the Employer should Executive breach such covenants. Executive further acknowledges that Executive’s 's services are of a special, unique and extraordinary character and that Executive’s 's position with the Employer will place Executive in a position of confidence and trust with customers and employees of the Employer and its subsidiaries and affiliates and with the Employer’s 's other constituencies and will allow Executive access to Trade Secrets and Confidential Information (each as defined below) concerning the Employer and its subsidiaries and affiliates. Executive further acknowledges that the types and periods of restrictions imposed by the covenants in this Section 11 are fair and reasonable reasonable, and that such restrictions will not prevent Executive from earning a livelihood.

Appears in 3 contracts

Samples: Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Primis Financial Corp.)

Executive Acknowledgements. Executive acknowledges that (i) the Employer Executive has separately bargained received good and paid additional valuable consideration in exchange for Executive’s agreement to be bound by the restrictive covenants in this Section 11 and (ii) the Employer will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of the Employer and the irreparable injury that would befall the Employer should Executive breach such covenants. Executive further acknowledges that Executive’s services are of a special, unique and extraordinary character and that Executive’s position with the Employer will place Executive in a position of confidence and trust with customers and employees of the Employer and its subsidiaries and affiliates and with the Employer’s other constituencies and will allow Executive access to Trade Secrets and Confidential Information (each as defined below) concerning the Employer and its subsidiaries and affiliates. Executive further acknowledges that the types and periods of restrictions imposed by the covenants in this Section 11 are fair and reasonable reasonable, and that such restrictions will not prevent Executive from earning a livelihood.

Appears in 2 contracts

Samples: Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Southern National Bancorp of Virginia Inc)

Executive Acknowledgements. Executive acknowledges that that: (i) the Employer Company has separately bargained and paid additional consideration for the restrictive covenants in this Section 11 and (ii) the Employer Company will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of the Employer Company and the irreparable injury that would befall the Employer Company should Executive breach such covenants. Executive further acknowledges that Executive’s services are of a special, unique and extraordinary character and that Executive’s position with the Employer Company will place Executive in a position of confidence and trust with customers customers, clients, patients, tenants and employees of the Employer Company and its subsidiaries and affiliates and with the EmployerCompany’s other constituencies and will allow Executive access to Trade Secrets and Confidential Information (each as defined belowin Section 11(c) of this Agreement) concerning the Employer Company and its subsidiaries and affiliates. Executive further acknowledges that the types and periods of restrictions imposed by the covenants in this Section 11 are fair and reasonable and that such restrictions will not prevent Executive from earning a livelihood.

Appears in 1 contract

Samples: Executive Employment Agreement (Adcare Health Systems, Inc)

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Executive Acknowledgements. Executive acknowledges that that: (i) the Employer Company has separately bargained and paid additional consideration for the restrictive covenants in this Section 11 and (ii) the Employer Company will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of the Employer Company and the irreparable injury that would befall the Employer Company should Executive breach such covenants. Executive further acknowledges that Executive’s 's services are of a special, unique and extraordinary character and that Executive’s 's position with the Employer Company will place Executive in a position of confidence and trust with customers customers, clients, patients, tenants and employees of the Employer Company and its subsidiaries and affiliates and with the Employer’s Company's other constituencies and will allow Executive access to Trade Secrets and Confidential Information (each as defined belowin Section 11(c) of this Agreement) concerning the Employer Company and its subsidiaries and affiliates. Executive further acknowledges that the types and periods of restrictions imposed by the covenants in this Section 11 are fair and reasonable and that such restrictions will not prevent Executive from earning a livelihood.

Appears in 1 contract

Samples: Executive Employment Agreement (Adcare Health Systems, Inc)

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