Common use of Recipient Acknowledgments Clause in Contracts

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Units and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 16 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 17 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Units Shares and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 16 hereof.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the CompanyCompany or the Employer, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company or the Employer will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company or the Employer and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of this Award and these Performance Units and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof13 and Section 14.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the CompanyCompany or the Employer, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company or the Employer will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company or the Employer and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 14 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 15 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these the Performance Units and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereofand Section 15.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the CompanyCompany or the Employer, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company or the Employer will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company or the Employer and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance Units and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof13 and Section 14.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 15 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 16 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance Units Shares and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof15 and Section 16.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (ii) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under in Section 13 16 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (v) that the remedy, forfeiture and payment provisions contained in Section 14 17 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vi) that acceptance of these Performance Units Shares and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 16 hereof.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance Units this Award and the Restricted Shares and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof13 and Section 14.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 14 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 15 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Restricted Share Units and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Units this Award and the Restricted Shares and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 13 and Section 14 hereof.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s his/her employment for any period of time and does not change the at-will nature of the Recipient’s his/her employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Units SARs and the Recipient's agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) that Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 13 and Section 14 hereof.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Units this Award and the SARs and the Recipient’s agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) that Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 13 and Section 14 hereof.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 11 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance Units this Award and the Restricted Shares and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section Sections 11 and 14 hereof.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the Company, (ii) the Company and its affiliates and subsidiaries are engaged in a highly competitive business and that the Company conducts such business Worldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under Section 13 14 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (v) that the remedy, forfeiture and payment provisions contained in Section 14 15 are reasonable and necessary to protect the legitimate interests of II-VI and the Company, (vi) that acceptance of these Performance this Award and the Restricted Share Units and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 and Section 15 hereof.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the TSU17 PSU XXXX 000000 Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 12 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 13 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these the Performance Units and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof13.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the Company, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance Units this Award and the SARs and the Recipient’s agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided SAR17 SAR 072016 under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof13 and Section 14.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 14 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 15 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance this Award and the Restricted Share Units and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereofand Section 15.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 15 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 16 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance Units Shares and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof15 and Section 16.

Recipient Acknowledgments. Recipient acknowledges and agrees that (i) as a result of Recipient’s previous, current and future employment with the Company, Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (ii) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iii) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (iv) that the restrictive covenants set forth under in Section 13 12 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (v) that the remedy, forfeiture and payment provisions contained in Section 14 13 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vi) that acceptance of these the Performance Units and agreement to be bound by the provisions hereof is not a condition of Recipient’s employment, and (vii) Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 13 hereof.

Recipient Acknowledgments. The Recipient acknowledges and agrees that (ia) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of the CompanyII-VI and its Subsidiaries, (iib) the Company II-VI and its affiliates and subsidiaries Subsidiaries are engaged in a highly competitive business and that the Company conducts conduct such business Worldwideworldwide, (iiic) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (ivd) that the restrictive covenants set forth under in Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of the CompanyII-VI and its Subsidiaries, (ve) that the remedy, forfeiture and payment provisions contained in Section 14 are reasonable and necessary to protect the legitimate business interests of II-VI and the Companyits Subsidiaries, (vif) that acceptance of these Performance Units this Award and the Restricted Shares and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment, employment and (viig) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 14 hereof.13 and Section 14. RS117 (1 Year) RSA 093016