Common use of Injunctions and Enforcement of Arbitration Awards Clause in Contracts

Injunctions and Enforcement of Arbitration Awards. The Executive or the Company may bring an action or special proceeding in a state or federal court of competent jurisdiction to enforce any arbitration award under Section 10(a). Also, the Company may bring such an action or proceeding, in addition to its rights under Section 10(a) and whether or not an arbitration proceeding has been or is ever initiated, to temporarily, preliminarily or permanently enforce any part of Section 8. The Executive agrees that (i) violating any part of Section 8(a), 8(b) or 8(c) would cause damage to the Company that cannot be measured or repaired, (ii) the Company therefore is entitled to an injunction, restraining order or other equitable relief restraining any actual or threatened violation of Section 8(a), 8(b) or 8(c), (iii) no bond will need to be posted for the Company to receive such an injunction, order or other relief and (iv) no proof will be required that monetary damages for violations of Section 8(a) or Section 8(c) would be difficult to calculate and that remedies at law would be inadequate.

Appears in 6 contracts

Samples: Employment Agreement (Unumprovident Corp), Employment Agreement (Unumprovident Corp), Employment Agreement (Unumprovident Corp)

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Injunctions and Enforcement of Arbitration Awards. The Executive or the Company may bring an action or special proceeding in a state or federal court of competent jurisdiction to enforce any arbitration award under Section 10(a). Also, the Company may bring such an action or proceeding, in addition to its rights under Section 10(a) and whether or not an arbitration proceeding has been or is ever initiated, to temporarily, preliminarily or permanently enforce any part of Section 8. The Executive agrees that (iw) violating any part of Section 8(a), 8(b) or 8(c) would cause damage to the Company that cannot be measured or repaired, (iix) the Company therefore is entitled to an injunction, restraining order or other equitable relief restraining any actual or threatened violation of Section 8(a), 8(b) or 8(c), (iiiy) no bond will need to be posted for the Company to receive such an injunction, order or other relief and (ivz) no proof will be required that monetary damages for violations of Section 8(a) or Section 8(c) would be difficult to calculate and that remedies at law would be inadequate.

Appears in 1 contract

Samples: Employment Agreement (Unum Group)

Injunctions and Enforcement of Arbitration Awards. The Executive or the Company may bring an action or special proceeding in a state or federal court of competent jurisdiction to enforce any arbitration award under Section 10(a13(a). Also, the Company may bring such an action or proceeding, in addition to its rights under Section 10(a13(a) and whether or not an arbitration proceeding has been or is ever initiated, to temporarily, preliminarily or permanently enforce any part of Section 812. The Executive agrees that (i) violating any part of Section 8(a12(a), 8(b) or 8(c) would cause damage to the Company that cannot be measured or repaired, (ii) the Company therefore is entitled to an injunction, restraining order or other equitable relief restraining any actual or threatened violation of Section 8(a12(a), 8(b) or 8(c), (iii) no bond will need to be posted for the Company to receive such an injunction, order or other relief and (iv) no proof will be required that monetary damages for violations of Section 8(a12(a) or Section 8(c12(c) would be difficult to calculate and that remedies at law would be inadequate.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

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Injunctions and Enforcement of Arbitration Awards. The Executive or the Company may bring an action or special proceeding in a state or federal court of competent jurisdiction sitting in the County of New York to enforce any arbitration award under Section 10(a11(b). Also, the Company may bring such an action or proceeding, in addition to its rights under Section 10(a11(b) and whether or not an arbitration proceeding has been or is ever initiated, to temporarily, preliminarily or permanently enforce any part of Section Sections 7 and 8. The Executive agrees that (i) violating any part of Section 8(a), 8(b) or 8(c) would Sections 7 and 8 can cause damage to the Company that cannot be measured or repaired, ; (ii) the Company therefore is entitled to an injunction, restraining order or other equitable relief restraining any actual or threatened violation of Section 8(a), 8(b) or 8(c), those Sections; (iii) no bond will need to be posted for the Company to receive such an injunction, order or other relief relief; and (iv) no proof will be required that monetary damages for violations of Section 8(a) or Section 8(c) those Sections would be difficult to calculate and that remedies at law would be inadequate.

Appears in 1 contract

Samples: Employment Agreement (Redwoods Acquisition Corp.)

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