Common use of Executive Acknowledges Clause in Contracts

Executive Acknowledges. (i) the business of medical devices in general, and orthotics in particular, in which Myomo is engaged, is intensely competitive and that his employment by Myomo will require that he have access to and knowledge of confidential information of Myomo, including, but not limited to, their plans for product expansion, marketing, financial information, profit margins, customer relationships, industry contacts, vendor and management contracts and other services, plans, rules and regulations, personnel information, and other trade secrets of Myomo, all of which are of vital importance to the success of their business (collectively, “Confidential Information”); (ii) the direct or indirect disclosure of any Confidential Information, particularly information regarding Myomo’s plans and strategies, financial information, profit margins, research and development efforts or customer relationships would place Myomo at a serious competitive disadvantage and would do serious damage, financial and otherwise, to its business; (iii) by his training, experience, expertise and access to Myomo’s customers, clients, investors, consultants, strategic partners, employees and affiliates, Executive’s services to Myomo are special and unique; and (iv) if Executive leaves Myomo’s employ to work for a competitive business as defined below, in any capacity, or solicits its customers, business partners, vendors or employees to cease doing business during the restrictive periods, it would cause Myomo irreparable harm.