Common use of Executive’s Acknowledgment Clause in Contracts

Executive’s Acknowledgment. Executive hereby expressly acknowledges and agrees that (i) the restrictions and obligations set forth in and imposed by this Section 7 will not prevent him from obtaining gainful employment in his field of expertise or cause him undue hardship, and (ii) in view and consideration of the substantial benefits he will receive from the Partnership pursuant to this Agreement, the restrictions and obligations imposed on him under this Section 7 are reasonable and necessary to protect the legitimate business interests of the Partnership and its partners and the Crown Pacific Group.

Appears in 7 contracts

Samples: Employment Agreement (Crown Pacific Partners L P), Employment Agreement (Crown Pacific Partners L P), Employment Agreement (Crown Pacific Partners L P)

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Executive’s Acknowledgment. Executive hereby expressly acknowledges and agrees that (i) the restrictions and obligations set forth in and imposed by this Section 7 8 will not prevent him from obtaining gainful employment in his field of expertise or cause him undue hardship, and (ii) in view and consideration of the substantial benefits he will receive from the Partnership pursuant to this Agreement, the limited partnership agreement of the Partnership, and the Purchase Rights Agreement, the restrictions and obligations imposed on him under this Section 7 8 are reasonable and necessary to protect the legitimate business interests of the Partnership and its partners and the Crown Pacific Group.. 6

Appears in 1 contract

Samples: Employment Agreement (Crown Pacific Partners L P)

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