Common use of Injunctive Relief; Other Remedies Clause in Contracts

Injunctive Relief; Other Remedies. Employee acknowledges that a breach by Employee of Section 2 or 3 of this Article V would cause immediate and irreparable harm to the Company for which an adequate monetary remedy does not exist; hence, Employee agrees that, in the event of a breach or threatened breach by Employee of the provisions of Sections 2 or 3 of this Article V during or after the Employment Term, the Company shall be entitled to injunctive relief restraining Employee from such violation without the necessity of proof of actual damage or the posting of any bond, except as required by non-waivable, applicable law. Nothing herein, however, shall be construed as prohibiting the Company from pursuing any other remedy at law or in equity to which the Company may be entitled under applicable law in the event of a breach or threatened breach of this Agreement by Employee, including without limitation the recovery of damages and/or costs and expenses, such as reasonable attorneys' fees, incurred by the Company as a result of any such breach.

Appears in 2 contracts

Samples: Employment Agreement (Forman Petroleum Corp), Employment Agreement (Forman Petroleum Corp)

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Injunctive Relief; Other Remedies. The Employee acknowledges that a breach or threatened breach by the Employee of this Section 2 or 3 of this Article V 9 would cause immediate and irreparable harm to the Company for not fully compensable by money damages or the exact amount of which would be difficult to ascertain, and therefore the Company will not have an adequate monetary remedy does not exist; henceat law. Accordingly, the Employee agrees that, in the event of a breach or threatened breach by the Employee of the provisions of Sections 2 or 3 of this Article V during or after the Employment TermSection 9, the Company shall be entitled to injunctive relief restraining Employee from to prevent or curtail any such violation breach of threatened breach without the necessity of posting any bond or security or showing proof of actual damage or the posting of any bond, except as required by non-waivable, applicable lawirreparable injury. Nothing herein, however, herein shall be construed as prohibiting the Company from pursuing any other remedy at law or in equity to which the Company may be entitled under applicable law in the event of a breach or threatened breach of this Agreement by the Employee, including including, without limitation limitation, the recovery of damages and/or costs damages, costs, and expenses, such as reasonable attorneys' ’ fees, incurred by the Company as a result of any such breach or threatened breach.

Appears in 1 contract

Samples: Separation and Consulting Agreement (Tidewater Inc)

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Injunctive Relief; Other Remedies. The Employee acknowledges that a breach or threatened breach by the Employee of this Section 2 or 3 of this Article V 8 would cause immediate and irreparable harm to the Company for not fully compensable by money damages or the exact amount of which would be difficult to ascertain, and therefore the Company will not have an adequate monetary remedy does not exist; henceat law. Accordingly, the Employee agrees that, in the event of a breach or threatened breach by the Employee of the provisions of Sections 2 or 3 of this Article V during or after the Employment TermSection 8, the Company shall be entitled to injunctive relief restraining Employee from to prevent or curtail any such violation breach of threatened breach without the necessity of posting any bond or security or showing proof of actual damage or the posting of any bond, except as required by non-waivable, applicable lawirreparable injury. Nothing herein, however, herein shall be construed as prohibiting the Company from pursuing any other remedy at law or in equity to which the Company may be entitled under applicable law in the event of a breach or threatened breach of this Agreement by the Employee, including including, without limitation limitation, the recovery of damages and/or costs damages, costs, and expenses, such as reasonable attorneys' ’ fees, incurred by the Company as a result of any such breach or threatened breach.

Appears in 1 contract

Samples: Separation Agreement (Tidewater Inc)

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