Common use of Remedies for Breach Clause in Contracts

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 33 contracts

Samples: Employment Agreement (Accuray Inc), Separation Agreement and General Release (Accuray Inc), Separation Agreement and General Release (Accuray Inc)

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Remedies for Breach. The Company and the Executive agree that the restrictive covenants contained in this Agreement are severable and separate, and the unenforceability of any specific covenant herein shall not affect the validity of any other covenant set forth herein. The Executive acknowledges that any breach by Executive of this Section 6 would cause the Company will suffer irreparable injury and damage harm as a result of a breach of such restrictive covenants by the Executive for which an adequate monetary damages are remedy does not exist and a remedy at law may prove to be inadequate. Accordingly, in the event of any actual or threatened breach by the Executive of any provision of this Agreement, the Company shall, in addition to any other remedies permitted by law, be entitled to obtain remedies in equity, including, but not limited to, specific performance, injunctive relief, a breach temporary restraining order, and/or a preliminary and/or permanent injunction in any court of competent jurisdiction, and to prevent or otherwise restrain a threatened breach of this Section 68 without the necessity of proving damages or posting a bond or other security. Such relief shall be in addition to and not in substitution of any other remedies available to the Company. The existence of any claim or cause of action of the Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company will be entitled to seek of said covenants. The Executive shall not defend on the basis that there is an injunction restraining such breachadequate remedy at law. In additionaddition to and not in lieu of any other remedy that the Company may have under this Section 8 or otherwise, in the event of a any breach of any provision of this Section 68 or Sections 10 or 11 during the period during which the Executive is entitled to receive payments and benefits pursuant to Section 7, which breach is not cured within fifteen days of notice thereof from the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for , such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants period shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any have terminated as of the provisions in date of such breach and the Executive shall not thereafter be entitled to receive any salary or other payments or benefits under this Section 6 are held Agreement with respect to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenperiods following such date.

Appears in 9 contracts

Samples: Employment Agreement (Advanced Audio Concepts, LTD), Separation Agreement and General Release (Brookstone Inc), Employment Agreement (Advanced Audio Concepts, LTD)

Remedies for Breach. If the Executive acknowledges commits a breach, or threatens to commit a breach, of any of the provisions of this Article IV, the Company and its Subsidiaries shall have the right and remedy, in addition to any other remedy that may be available at law or in equity, to have the provisions of this Article IV specifically enforced by any court having equity jurisdiction, by the entry of temporary, preliminary and permanent injunctions and orders of specific performance, together with an accounting therefor, it being expressly acknowledged and agreed by the Executive that any such breach by Executive of this Section 6 would or threatened breach will cause irreparable injury to the Company irreparable injury and damage for which its Subsidiaries and that money damages will not provide an adequate remedy to the Company and its Subsidiaries. Any such injunction shall be available without the posting of any bond or other security, and the Executive hereby consents to the issuance of such injunction. The Executive further agrees that any such injunctive relief obtained by the Company or its Subsidiaries shall be in addition to, and not in lieu of, monetary damages are inadequateand any other remedies to which the Company or its Subsidiaries may be entitled. AccordinglyFurther, in the event of a an alleged breach or a threatened breach violation by the Executive of this Section 6any of the provisions of Sections 4.3, 4.4 or 4.5 hereof, the Company will Non-Disclosure Period, the Non-Interference Period and\or the Non-Competition Period, as the case may be, shall be entitled to seek an injunction restraining tolled until such breachbreach or violation has been cured. In addition, The parties agree that in the event of a breach the institution of any action at law or in equity by either party to enforce the provisions of this Section 6Article IV, the Company’s obligation to losing party shall pay any unpaid portion all of the Severance Payment or other benefits as set forth in Sections 5(a) costs and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection expenses of the interests of the Companyprevailing party, including reasonable legal fees, incurred in connection therewith. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive If any covenant contained in this Section 6 shall be in addition to Article IV or any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed part thereof is hereafter construed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad invalid or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions same shall not affect the remainder of this Section 6 such covenant or any other covenants, which shall be enforced as writtengiven full effect, without regard to the invalid portions, and any court having jurisdiction shall have the power to modify such covenant to the least extent necessary to render it enforceable and, in its modified form, said covenant shall then be enforceable.

Appears in 6 contracts

Samples: Executive Employment Agreement (Dyadic International Inc), Executive Employment Agreement (Dyadic International Inc), Executive Employment Agreement (Dyadic International Inc)

Remedies for Breach. Executive acknowledges If the Employee commits a breach, or threatens to commit a breach, of any of the provisions of this Article IV, the Company and its Subsidiaries shall have the right and remedy, in addition to any other remedy that may be available at law or in equity, to have the provisions of this Article IV specifically enforced by any court having equity jurisdiction, together with an accounting therefor, it being expressly acknowledged and agreed by the Employee that any such breach by Executive of this Section 6 would or threatened breach will cause irreparable injury to the Company irreparable injury and damage for which its Subsidiaries and that money damages will not provide an adequate remedy to the Company and its Subsidiaries. Such injunction shall be available without the posting of any bond or other security, and the Employee hereby consents to the issuance of such injunction. The Employee further agrees that any such injunctive relief obtained by the Company or its Subsidiaries shall be in addition to, and not in lieu of, monetary damages are inadequateand any other remedies to which the Company or its Subsidiaries may be entitled. AccordinglyFurther, in the event of a an alleged breach or a threatened breach violation by the Employee of this Section 6any of the provisions of Sections 4.4 or 4.5 hereof, the Company will Non-Solicitation Period and\or the Non-Competition Period, as the case may be, shall be entitled to seek an injunction restraining tolled until such breachbreach or violation has been cured. In addition, The parties agree that in the event of a breach the institution of any action at law or in equity by either party to enforce the provisions of this Section 6Article IV, the Company’s obligation to losing party shall pay any unpaid portion all of the Severance Payment or other benefits as set forth in Sections 5(a) costs and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection expenses of the interests of the Companyprevailing party, including reasonable legal fees, incurred in connection therewith. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive If any covenant contained in this Section 6 shall be in addition to Article IV or any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed part thereof is hereafter construed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad invalid or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions same shall not affect the remainder of this Section 6 such covenant or any other covenants, which shall be enforced as writtengiven full effect, without regard to the invalid portions, and any court having jurisdiction shall have the power to modify such covenant to the least extent necessary to render it enforceable and, in its modified form, said covenant shall then be enforceable.

Appears in 6 contracts

Samples: Agreement (Sovereign Specialty Chemicals Inc), Employment Agreement (Sovereign Specialty Chemicals Inc), Employment Agreement (Sovereign Specialty Chemicals Inc)

Remedies for Breach. Executive The Restricted Person has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and the Restricted Person acknowledges that the covenants contained herein are reasonable with respect to their duration, geographical area and scope. The Restricted Person further acknowledges that he will receive substantial benefits from the Merger, the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of Acquiror, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to Acquiror and its interests, that Acquiror would not have agreed to enter into this Agreement or the Merger Agreement without receiving the Restricted Person’s agreement to be bound by Executive these restrictions and that such restrictions were a material inducement to Acquiror to enter into this Agreement and the Merger Agreement. During the Restricted Period, Acquiror, after advance notice to the Restricted Person of its intentions, shall have the right to communicate the existence and provisions of this Section 6 would cause Agreement to any third party with whom the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach Restricted Person may seek or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breachobtain future employment or other similar arrangement. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation or threatened violation of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Agreement, Acquiror, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Acquiror under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants Executive permanent injunctive relief to prevent or restrain any such violation by the Restricted Person and any and all persons directly or indirectly acting for or with the Restricted Person, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If the Restricted Person violates the Restrictive Covenant and Acquiror brings legal action for injunctive or other similar agreement and that this Section 6 relief, Acquiror shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restricted Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement Restrictive Covenant by the Restricted Person, as the date of such first violation is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible determined by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenjudicial proceeding.

Appears in 4 contracts

Samples: Noncompetition Agreement (Midland States Bancorp, Inc.), Noncompetition Agreement (Midland States Bancorp, Inc.), Noncompetition Agreement (Midland States Bancorp, Inc.)

Remedies for Breach. Executive has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and Executive acknowledges that the covenants contained herein are reasonable with respect to their duration, geographical area and scope. Executive further acknowledges that the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to Employer and its interests, that Employer would not have agreed to enter into this Agreement without receiving Executive’s agreement to be bound by Executive these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. During the Restrictive Period, Employer shall have the right to communicate the existence and terms of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach Agreement to any third party with whom Executive may seek or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breachobtain future employment or other similar arrangement. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation or threatened violation of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Agreement, Employer, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with him, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If Executive violates the Restrictive Covenant and Employer brings legal action for injunctive or other similar agreement and that this Section 6 relief, Employer shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible Restrictive Covenant by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenExecutive.

Appears in 4 contracts

Samples: Employment Agreement (First Busey Corp /Nv/), Employment Agreement (First Busey Corp /Nv/), Employment Agreement (First Busey Corp /Nv/)

Remedies for Breach. Executive acknowledges Employee understands and agrees that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation by him of the Severance Payment or other benefits as set forth covenants contained in Sections Paragraph 5(a) and (d5(b) of this Agreement will be extinguisheddeemed a material breach of this Agreement and will cause irreparable injury to the Bank, and that it would be difficult to ascertain the amount of monetary damages that would result from any such violation. Nothing In the event of Employee’s actual or threatened breach or violation of the covenants contained herein will in Paragraph 5(a) or 5(b), the Bank shall be construed as prohibiting entitled to bring a civil action seeking an injunction restraining Employee from violating or continuing to violate those covenants or from any threatened violation thereof, or for any other legal or equitable relief relating to the Company breach or violation of such covenant. Employee agrees that, if the Bank institutes any action or proceeding against Employee seeking to enforce any of such covenants or to recover other relief relating to an actual or threatened breach or violation of any of such covenants, Employee shall be deemed to have waived the claim or defense that the Bank has an adequate remedy at law and shall not urge in any such action or proceeding the claim or defense that such a remedy at law exists. However, the exercise by the Bank of any such right, remedy, power or privilege shall not preclude the Bank or its successors or assigns from pursuing any other remedy or exercising any other right, power or privilege available to the Company it for any such breach or such threatened breach. Executive has carefully read violation, whether at law or in equity, including the recovery of damages, all of which shall be cumulative and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection in addition to all other rights, remedies, powers or privileges of the interests of Bank. Notwithstanding anything contained herein to the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive contrary, Employee agrees that the restrictions provisions of Paragraph 5(a) and 5(b) above and the remedies provided in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements Paragraph 5(c) for a breach by Executive contained in this Section 6 Employee shall be in addition to any other agreements to, and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to supersede or to otherwise restrict, limit such other covenants and agreements, all of which shall continue to survive or impair the termination of this Agreement in accordance with their respective terms. A breach by Executive rights of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To Bank under the extent any Trade Secrets Protection Act contained in Article 24, Chapter 66 of the provisions in this Section 6 are held to be overly broad North Carolina General Statutes, or otherwise unenforceable at any other state or federal law or regulation dealing with or providing a remedy for the time enforcement is soughtwrongful disclosure, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion misuse or misappropriation of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtentrade secrets or other proprietary or confidential information.

Appears in 4 contracts

Samples: Employment Agreement (United Financial Inc), Employment Agreement (Carolina Bank Holdings Inc), Employment Agreement (United Financial Inc)

Remedies for Breach. Executive acknowledges In the event that you or your officers, managers, partners, directors, affiliates, employees, independent agents or contractors (collectively, your “Agents”) breach any of your representations, warranties, agreements or covenants set forth in this User Agreement or otherwise fail to comply with the requirements of this User Agreement, any policies of Currency Com, including without limitation, by giving Currency Com inaccurate or incomplete information for any reason, Currency Com will have the right to suspend and/or terminate your Account (as outlined in Section 7.2). You hereby acknowledge that you shall be liable for all damages suffered by Currency Com and its Affiliates resulting from any such breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequateyou or your Agents. AccordinglyFurther, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach, Currency Com will have the rights of a secured creditor under all applicable laws with respect to your Account and can recover all damages incurred by Currency Com and its Affiliates by liquidating any or all of the cryptocurrencies and fiat currency held in your Hosted Wallet(s). In additionYou hereby acknowledge that Currency Com has sole discretion over what actions, if any, we take in the event of such breach and that we may take such action without prior notice to you. If a breach of this Section 6by you or your Agents involves participation by other parties with Accounts at Currency Com, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) you and (d) of this Agreement such parties will be extinguishedjointly and severally liable for all resulting damages to Currency Com and its Affiliates. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read You hereby acknowledge and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees agree that the restrictions enumeration in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 User Agreement of specific remedies shall not be deemed exclusive of any other remedies that may be available at law or in equity. Any delay or failure by Currency Com to limit such other covenants and agreementsexercise any right, all of which power, remedy or privilege herein contained, or now or hereafter existing under any applicable statute or law (collectively, “Legal Rights”) shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall not be deemed construed to be a breach by Executive waiver of this Section 6 and such Legal Rights, nor to limit the exercise of this Agreement. To such Legal Rights, nor shall it preclude the extent further exercise thereof or the exercise of any of the provisions in this Section 6 are held to be overly broad other right, power, remedy or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenprivilege.

Appears in 3 contracts

Samples: User Agreement, User Agreement, img.currency.com

Remedies for Breach. Executive has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and Executive acknowledges and expressly agrees that the covenants contained herein are reasonable with respect to their duration, geographical area and scope. Executive further acknowledges that the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to Employer and its interests, that Employer would not have agreed to enter into this Agreement without receiving Executive’s agreement to be bound by these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. Executive hereby acknowledges and agrees that during the Restrictive Period, Employer shall have the right to communicate the existence and terms of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequateAgreement to any third party with whom Executive may seek or obtain future employment or other similar arrangement. Accordingly, in In the event Employer determines that Executive has violated any of a breach the restrictions contained in in Sections 9, 10, or a threatened breach 12, Executive’s eligibility for and receipt of this any severance payments or benefits under Section 6, the Company will be entitled to seek an injunction restraining such breach6(b) shall immediately terminate. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation or threatened violation of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Agreement, Employer, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with Executive, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If Executive violates the Restrictive Covenant and Employer brings legal action for injunctive or other similar agreement and that this Section 6 relief, Employer shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible Restrictive Covenant by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenExecutive.

Appears in 3 contracts

Samples: Employment Agreement (First Busey Corp /Nv/), Employment Agreement (First Busey Corp /Nv/), Employment Agreement (First Busey Corp /Nv/)

Remedies for Breach. Executive Consultant hereby expressly acknowledges that any breach by Executive the preservation of this Section 6 the confidentiality of the Company's Confidential Information is absolutely essential to commercial success of the Company, and that the improper use and/or disclosure of the Company's Confidential Information would cause the Company irreparable harm, and loss and damage. If Consultant commits a breach, or threatens to commit a breach, of any of the provisions of this Article IV, the Company and its Subsidiaries shall have the right and remedy, in addition to any other remedy that may be available at law or in equity, to have the provisions of this Article IV specifically enforced by any court having equity jurisdiction (without regard to the arbitration provisions of Section 5.9 hereof), by the entry of temporary, preliminary and permanent injunctions and orders of specific performance, together with an accounting therefore, it being expressly acknowledged and agreed by Consultant that any such breach or threatened breach will cause irreparable injury to the Company and damage for which its Subsidiaries and that money damages will not provide an adequate remedy to the Company and its Subsidiaries. Such injunction shall be available without the posting of any bond or other security, and Consultant hereby consents to the issuance of such injunction. The Consultant further agrees that any such injunctive relief obtained by the Company or its Subsidiaries shall be in addition to, and not in lieu of, monetary damages are inadequateand any other remedies to which the Company or its Subsidiaries may be entitled. AccordinglyFurther, in the event of a an alleged breach or a threatened breach violation by Consultant of this Section 6any of the provisions of Sections 4.4 or 4.5 hereof, the period of time in which Consultant has covenanted to the Company will to refrain from engaging in the applicable activity shall be entitled to seek an injunction restraining tolled until such breachbreach or violation has been cured. In addition, The parties agree that in the event of a breach the institution of any action at law or in equity by either party to enforce the provisions of this Section 6Article IV, the Company’s obligation to losing party shall pay any unpaid portion all of the Severance Payment or other benefits as set forth in Sections 5(a) costs and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection expenses of the interests of the Companyprevailing party, including reasonable legal fees, incurred in connection therewith. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive If any covenant contained in this Section 6 shall be in addition to Article IV, or any other agreements and covenants Executive may have agreed to in any other employee proprietary informationpart thereof, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed is hereafter construed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad invalid or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions same shall not affect the remainder of this Section 6 such covenant or any other covenants, which shall be enforced as writtengiven full effect, without regard to the invalid portions, and any court having jurisdiction shall have the power to modify such covenant to the least extent necessary to render it enforceable and, in its modified form, said covenant shall then be enforceable.

Appears in 2 contracts

Samples: Consultant Agreement (Dyadic International Inc), Consultant Agreement (Dyadic International Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 5 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in In the event of a breach or a threatened breach of this Section 65, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 65, the Company’s 's obligation to pay any unpaid portion of the Severance Payment or other severance benefits (as set forth in Sections 5(a4(b) and (d– 4(f) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 subsections (c) and (d), above, are reasonable and necessary to protect the Company’s Proprietary Information, trade secrets and that they do not prevent foreclose Executive from working in the medical device industry. Executive agrees that the covenants printed circuit board manufacturing and agreements by Executive contained in this Section 6 shall be in addition to assembly industry generally or for any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive employer outside of the terms United States, but only from working for key competitors in the United States that will necessarily place the Company’s trade secrets at the greatest risk of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreementuse or disclosure. To the extent that any of the provisions in this Section 6 5 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 5 is held to be unenforceable, that the remaining provisions of this Section 6 it shall be enforced as written.

Appears in 2 contracts

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

Remedies for Breach. Executive The Participant has reviewed the provisions of this Award Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and the Participant acknowledges that the Restrictive Covenants contained herein are reasonable with respect to their duration and scope. The Participant further acknowledges that the restrictions contained in this Award Agreement are reasonable and necessary for the protection of the legitimate business interests of the Company, that they create no undue hardships, that any breach by Executive violation of this Section 6 these restrictions would cause substantial injury to the Company irreparable injury and damage for which monetary damages are inadequate. Accordinglyits interests, that the Company would not have agreed to enter into this Award Agreement, or otherwise allow the Participant an opportunity to participate in the event of Plan or any other equity incentive plan maintained by the Company, without receiving Participant’s agreement to be bound by the Restrictive Covenants and that such Restrictive Covenants were a breach material inducement to the Company to enter into this Award Agreement, or a threatened breach of this Section 6otherwise allow the Participant an opportunity to participate in the Plan or any other equity incentive plan maintained by the Company. During the Restrictive Period, the Company will be entitled shall have the right to communicate the existence and terms of this Award Agreement to any third party with whom the Participant may seek an injunction restraining such breachor obtain future employment or other similar arrangement. In addition, in the event of a breach any violation or threatened violation of the restrictions contained in this Section 6Award Agreement, the Company’s obligation , in addition to pay any unpaid portion of the Severance Payment or other benefits as set forth and not in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing limitation of, any other remedy rights, remedies or damages available to the Company under this Award Agreement or the Plan or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Participant and any and all persons directly or indirectly acting for or with him, as the case may be. If the Participant violated the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall not, as a result of time involved in obtaining such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection relief, be deprived of the interests benefit of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive full period of the terms of such other agreements and covenants Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that Restrictive Covenant by the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenParticipant.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Old Second Bancorp Inc), Old Second Bancorp Inc

Remedies for Breach. Executive If Employee breaches any portion of this Agreement, including any provision of the Restrictive Covenants, or disavows any portion of the release set forth in Paragraph 10, Employee acknowledges and agrees that, in addition to any damages, Employee shall be liable for all expenses, including costs and attorney’s fees, incurred by any entity released in recovering those amounts or defending a lawsuit or claim, regardless of the outcome. Employee also agrees and acknowledges that if Employee breaches this Agreement, because it would be impractical and excessively difficult to determine the actual damages to the Company, Global Snack Co, Cereal Co or Plant Co as a result of such breach, any remedies at law (such as a right to monetary damages) would be inadequate. Employee therefore agrees that, if Employee breaches this Agreement, including any provision of the Restrictive Covenants, to the extent permitted by law, the Company, Global Snack Co, Cereal Co or Plant Co, whichever is the damaged organization, shall have the immediate right (in addition to, and not in lieu of, any other right or remedy available to it) to a temporary and permanent injunctive relief from a court of competent jurisdiction, without posting any bond or other security and without proof of actual damage. A breach by Executive Employee of any one or more provisions of this Section 6 would cause the Company irreparable injury Agreement does not excuse Employee from performing any other of Employee’s obligations and damage for which monetary damages are inadequateundertakings as set forth in this Agreement, and Employee expressly agrees that this Agreement will remain in effect as to Employee’s obligations and undertakings. Accordingly, in In the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation by Employee of the Severance Payment or other benefits as set forth in Sections 5(a) Restrictive Covenants, Employee’s right to receive the Retention Award will immediately cease and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenforfeited.

Appears in 2 contracts

Samples: Retention Agreement and General Release (WK Kellogg Co), Retention Agreement and General Release (WK Kellogg Co)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.. Executive Employment Agmt Std 11.15.19 Accuray Confidential

Appears in 2 contracts

Samples: Executive Employment Agreement (Accuray Inc), Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and Executive acknowledges and expressly agrees that the covenants contained herein are reasonable with respect to their duration, geographical area and scope. Executive further acknowledges that the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to Employer and its interests, that Employer would not have agreed to enter into this Agreement without receiving Executive’s agreement to be bound by these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. Executive hereby acknowledges and agrees that for a period of two (2) years after the effective date of the termination of Executive’s employment under this Agreement, Employer shall have the right to communicate the existence and terms of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach Agreement to any third party with whom Executive may seek or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breachobtain future employment or other similar arrangement. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment violation or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit violation of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Informationrestrictions, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Employer, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with him, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If Executive violates the Restrictive Covenant and Employer brings legal action for injunctive or other similar agreement and that this Section 6 relief, Employer shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be have the duration specified herein computed from the date the relief is granted but reduced by the time between the period when the Restrictive Period began to run and the date of the first violation of the Restrictive Covenant by Executive. In the event that a breach by Executive of this Section 6 successor assumes and of agrees to perform this Agreement. To , this Restrictive Covenant shall continue to apply only to the extent Restrictive Area of Employer as it existed immediately before such assumption and shall not apply to any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtensuccessor’s other offices.

Appears in 2 contracts

Samples: Employment Agreement (First Federal Bancshares Inc /De), Employment Agreement (First Federal Bancshares Inc /De)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits Executive Employment Agmt Std 11.10.20 Accuray Confidential as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 2 contracts

Samples: Executive Employment Agreement (Accuray Inc), Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a), (d) and (de) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent that any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 2 contracts

Samples: Employment Agreement (Staar Surgical Co), Employment Agreement (Staar Surgical Co)

Remedies for Breach. Executive has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and Executive acknowledges and expressly agrees that the covenants contained in Sections 9, 10 and 12 are reasonable with respect to their duration, geographical area and scope. Executive further acknowledges that the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to Employer and its interests, that Employer would not have agreed to enter into this Agreement without receiving Executive’s agreement to be bound by these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. Executive hereby acknowledges and agrees that during the Restrictive Period, Employer shall have the right to communicate the existence and terms of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequateAgreement to any third party with whom Executive may seek or obtain future employment or other similar arrangement. Accordingly, in In the event Executive has violated any of a breach the restrictions contained in in Sections 9, 10, and 12, Executive’s eligibility for and receipt of any severance payments or a threatened breach of this benefits under Section 6, the Company will be entitled to seek an injunction restraining such breach6(b) shall immediately terminate. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation or threatened violation of the Severance Payment or other benefits as set forth restrictions contained in Sections 5(a) 9, 10 and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information12, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Employer, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with Executive, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If Executive violates the Restrictive Covenant and Employer brings legal action for injunctive or other similar agreement and that this Section 6 relief, Employer shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible Restrictive Covenant by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenExecutive.

Appears in 1 contract

Samples: Employment Agreement (First Busey Corp /Nv/)

Remedies for Breach. The Company and the Executive agree that the restrictive covenants contained in this Agreement are severable and separate, and the unenforceability of any specific covenant herein shall not affect the validity of any other covenant set forth herein. The Executive acknowledges and agrees that any breach by Executive the covenants and provisions of this Section 6 would cause 7 are material and essential terms and conditions and the Company will suffer irreparable injury and damage harm as a result of any breach of such restrictive covenants, or any of them, by the Executive for which an adequate monetary damages are remedy does not exist and a remedy at law may prove to be inadequate. Accordingly, in the event of any actual or threatened breach by the Executive of any provision of this Agreement, the Company shall, in addition to any other remedies permitted by law, be entitled to seek remedies in equity, including, but not limited to, specific performance, injunctive relief, a breach temporary restraining order, and/or a preliminary and/or permanent injunction in any court of competent jurisdiction, to prevent or otherwise restrain a threatened breach of this Section 67 without the necessity of proving damages, posting a bond or other security, and to recover any and all costs and expenses, including reasonable counsel fees, incurred in enforcing this Agreement against the Executive. Such relief shall be in addition to and not in substitution of any other remedies available to the Company. The existence of any claim or cause of action of the Executive against the Company will be entitled or any of its subsidiaries, whether predicated on this Agreement or otherwise, shall not constitute a defense to seek the enforcement by the Company of said covenants. The Executive shall not defend on the basis that there is an injunction restraining such breachadequate remedy at law. In additionaddition to and not in lieu of any other remedy that the Company may have under this Section 7 or otherwise, in the event of a any breach of any provision of this Section 7 during the period during which the Executive is entitled to receive payments and benefits pursuant to Section 6, then notwithstanding anything herein to the Company’s obligation to pay any unpaid portion contrary, as of the Severance Payment date of such breach, the Executive shall not thereafter be entitled to receive any salary or other payments or benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of under this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written11 7.7.

Appears in 1 contract

Samples: Employment Agreement (4 Kids Entertainment Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGMT STD 11.20.14 ACCURAY CONFIDENTIAL are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Separation Agreement and General Release (Accuray Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.. Executive Employment Agmt Std 11.8.17 Accuray Confidential

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in In the event of a Executive’s breach or a threatened breach violation of, or failure to completely and timely perform any of the provisions or covenants of this Release or the Employment Agreement (except to the extent limited by Section 64(c) of this Release), which, if curable, remains uncured ten (10) days after the date of receipt of written notice thereof to Executive, the Company will be entitled Company’s obligation to seek an injunction restraining such breachperform any of its remaining obligations hereunder, including the obligation to continue any payment(s) under any provision of Section 1, above, shall immediately terminate; provided, however, that the Release set forth above in Section 4 and its subparts and all of Executive’s other covenants and obligations shall remain in full force and effect. In addition, in the event Executive breaches, or threatens to breach, any of a breach the provisions of this Section 6Release, the Company’s obligation Company shall have the right to pay any unpaid portion of have the Severance Payment or other benefits as set forth in Sections 5(a) and (d) provisions of this Agreement Release specifically enforced by any court having equity jurisdiction, it being acknowledged and agreed that any such breach or threatened breach will be extinguished. Nothing contained herein will be construed as prohibiting cause irreparable injury to the Company from pursuing and that money damages will not provide the Company with an adequate remedy. Such rights and remedies shall be in addition to, and not in lieu of, any other remedy rights/remedies available to the Company for such breach under law or such threatened breachin equity. Executive has carefully read recognizes and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Informationremedy at law for breach of this Release would be inadequate, and they do not prevent Executive from working in further agrees that, for breach of such provisions, the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 Company shall be in addition entitled to any other agreements injunctive relief and covenants to enforce its rights by an action for specific performance and shall be entitled to recover the Severance Payments previously paid to Executive may have agreed to under this Release (as liquidated damages) and, if it prevails, its reasonable attorneys’ fees incurred in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreementaction. To the extent that Executive does not make a required repayment to the Company pursuant to this Section 7 within thirty (30) calendar days following demand by the Company, or any shares of the Company’s common stock underlying any of the provisions Outstanding RSU Awards have been sold by Executive, the Company shall, subject to 409A, have the right to reduce, cancel or withhold against outstanding equity-based compensation, or require a substitute form of repayment, in this Section 6 are held each case to be overly broad or otherwise unenforceable at the time enforcement is soughtmaximum extent permitted under applicable law. Similarly, if Executive prevails in any such litigation, Executive agrees that the provision shall will be reformed entitled to an award of his reasonable attorneys’ fees and enforced to the greatest extent permissible by law. Executive further agrees that if expenses incurred in any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtensuch action.

Appears in 1 contract

Samples: Transition to Retirement Agreement and General Release (Lakeland Industries Inc)

Remedies for Breach. Executive The parties shall each be entitled to pursue all legal and equitable rights and remedies to secure performance of their respective obligations and duties under this Agreement, and enforcement of one or more of these rights and remedies will not preclude the parties from pursuing any other rights and remedies. Xx. Xxxxxx-Xxxxxx acknowledges that a breach of any breach of the provisions of Sections 6 through 12, above, could result in substantial and irreparable damage to Walmart’s business, and that the restrictions contained in Sections 6 through 12 are a reasonable attempt by Executive of this Section 6 would cause the Company irreparable injury Walmart to protect its rights and damage for which monetary damages are inadequateto safeguard its confidential information. Accordingly, in the event of Xx. Xxxxxx-Xxxxxx expressly agrees that upon a breach or a threatened breach of this Section 6any of the provisions of Sections 6 through 12, the Company will Walmart shall be entitled to seek an injunction restraining injunctive relief to restrain such breachviolation, and Xx. In additionXxxxxx-Xxxxxx hereby expressly consents to the entry of such temporary, in preliminary, and/or permanent injunctive relief, as may be necessary to enjoin the event violation or threatened violation of a Sections 6 through 12. With respect to any breach of this Section 6Agreement by the Xx. Xxxxxx-Xxxxxx, the Company’s obligation Xx. Xxxxxx-Xxxxxx agrees to pay indemnify and hold Walmart harmless from and against any unpaid portion and all loss, cost, damage, or expense, including, but not limited to, attorneys’ fees, incurred by Walmart, and to return immediately to Walmart all of the Severance Payment or monies and other benefits as set forth in Sections 5(a) and (d) consideration, including the Accelerated Equity, previously paid to Xx. Xxxxxx-Xxxxxx by Walmart under this Agreement; provided, however, that such repayment shall not constitute a waiver by Walmart of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy remedies available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in under this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information16 or by law, and they do not prevent Executive from working in the medical device industryincluding injunctive relief. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in In addition to any other agreements remedies at law or at equity, if Xx. Xxxxxx-Xxxxxx fails to follow the terms, provisions and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination conditions of this Agreement in accordance and/or or comply with their respective the terms. A breach by Executive of the terms of such other agreements , provisions and covenants shall be deemed to be a breach by Executive of this Section 6 and conditions of this Agreement, Xx. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive Xxxxxx-Xxxxxx acknowledges and agrees that Walmart is not obligated to pay the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceableFirst Payment, the remaining provisions of this Section 6 shall be enforced as writtenSecond Payment, the Third Payment, or the Accelerated Equity to Xx. Xxxxxx-Xxxxxx.

Appears in 1 contract

Samples: Retirement Agreement (Wal Mart Stores Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in In the event of a Executive’s breach or a threatened breach violation of, or failure to completely and timely perform any of the provisions or covenants of this Release or the Employment Agreement (except to the extent limited by Section 64(b) of this Release), which, if curable, remains uncured ten (10) days after the date of receipt of written notice thereof to Executive, the Company will be entitled Company’s obligation to seek an injunction restraining such breachperform any of its remaining obligations hereunder, including the obligation to continue any payment(s) under any provision of Section 1, above, shall immediately terminate; provided, however, that the Release set forth above in Section 4 and its subparts and all of Executive’s other covenants and obligations shall remain in full force and effect. In addition, in the event Executive breaches, or threatens to breach, any of a breach the provisions of this Section 6Release, the Company’s obligation Company shall have the right to pay any unpaid portion of have the Severance Payment or other benefits as set forth in Sections 5(a) and (d) provisions of this Agreement Release specifically enforced by any court having equity jurisdiction, it being acknowledged and agreed that any such breach or threatened breach will be extinguished. Nothing contained herein will be construed as prohibiting cause irreparable injury to the Company from pursuing and that money damages will not provide the Company with an adequate remedy. Such rights and remedies shall be in addition to, and not in lieu of, any other remedy rights/remedies available to the Company for such breach under law or such threatened breachin equity. Executive has carefully read recognizes and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Informationremedy at law for breach of this Release would be inadequate, and they do not prevent Executive from working in further agrees that, for breach of such provisions, the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 Company shall be in addition entitled to any other agreements injunctive relief and covenants to enforce its rights by an action for specific performance and shall be entitled to recover the Severance Payment paid to Executive may have agreed to under this Release (as liquidated damages) and, if it prevails, its reasonable attorneys’ fees incurred in any other employee proprietary informationsuch action. Similarly, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit if Executive prevails in any such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is soughtlitigation, Executive agrees that the provision shall will be reformed entitled to an award of his reasonable attorneys’ fees and enforced to the greatest extent permissible by law. Executive further agrees that if expenses incurred in any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtensuch action.

Appears in 1 contract

Samples: General Release and Severance Agreement (Lakeland Industries Inc)

Remedies for Breach. Executive The Participant has reviewed the provisions of this Award Agreement with legal counsel, or has been given adequate opportunity to seek such ​ counsel, and the Participant acknowledges that the Restrictive Covenants contained herein are reasonable with respect to their duration and scope. The Participant further acknowledges that the restrictions contained in this Award Agreement are reasonable and necessary for the protection of the legitimate business interests of the Company, that they create no undue hardships, that any breach by Executive violation of this Section 6 these restrictions would cause substantial injury to the Company irreparable injury and damage for which monetary damages are inadequate. Accordinglyits interests, that the Company would not have agreed to enter into this Award Agreement, or otherwise allow the Participant an opportunity to participate in the event of Plan or any other equity incentive plan maintained by the Company, without receiving Participant’s agreement to be bound by the Restrictive Covenants and that such Restrictive Covenants were a breach material inducement to the Company to enter into this Award Agreement, or a threatened breach of this Section 6otherwise allow the Participant an opportunity to participate in the Plan or any other equity incentive plan maintained by the Company. During the Restrictive Period, the Company will be entitled shall have the right to communicate the existence and terms of this Award Agreement to any third party with whom the Participant may seek an injunction restraining such breachor obtain future employment or other similar arrangement. In addition, in the event of a breach any violation or threatened violation of the restrictions contained in this Section 6Award Agreement, the Company’s obligation , in addition to pay any unpaid portion of the Severance Payment or other benefits as set forth and not in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing limitation of, any other remedy rights, remedies or damages available to the Company under this Award Agreement or the Plan or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Participant and any and all persons directly or indirectly acting for or with him, as the case may be. If the Participant violated the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall not, as a result of time involved in obtaining such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection relief, be deprived of the interests benefit of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive full period of the terms of such other agreements and covenants Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that Restrictive Covenant by the provision shall be reformed and enforced to the greatest extent permissible by lawParticipant. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.​ ​ ​

Appears in 1 contract

Samples: Old Second Bancorp Inc

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 Executive Employment Agmt Std 11.15.19 Accuray Confidential shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

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Remedies for Breach. Executive acknowledges Greenwood understands and agrees that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation by him of the Severance Payment or other benefits as set forth covenants contained in Sections 5(a) and (d) Paragraph 5 of this Agreement will be extinguisheddeemed a material breach of this Agreement and will cause irreparable injury to the Bank, and that it would be difficult to ascertain the amount of monetary damages that would result from any such violation. Nothing In the event of Greenwood’s actual or threatened breach or violation of the covenants contained herein will in Paragraph 5, the Bank shall be construed as prohibiting entitled to bring a civil action seeking an injunction restraining Greenwood from violating or continuing to violate those covenants or from any threatened violation thereof, or for any other legal or equitable relief relating to the Company breach or violation of such covenant. Greenwood agrees that, if the Bank institutes any action or proceeding against Greenwood seeking to enforce any of such covenants or to recover other relief relating to an actual or threatened breach or violation of any of such covenants, Greenwood shall be deemed to have waived the claim or defense that the Bank has an adequate remedy at law and shall not urge in any such action or proceeding the claim or defense that such a remedy at law exists. However, the exercise by the Bank of any such right, remedy, power or privilege shall not preclude the Bank or its successors or assigns from pursuing any other remedy or exercising any other right, power or privilege available to the Company it for any such breach or such threatened breach. Executive has carefully read violation, whether at law or in equity, including the recovery of damages, all of which shall be cumulative and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection in addition to all other rights, remedies, powers or privileges of the interests of Bank. Notwithstanding anything contained herein to the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive contrary, Greenwood agrees that the restrictions provisions of Paragraph 5(a) above and the remedies provided in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements Paragraph 5(c) for a breach by Executive contained in this Section 6 Greenwood shall be in addition to any other agreements to, and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to supersede or to otherwise restrict, limit such other covenants and agreements, all of which shall continue to survive or impair the termination of this Agreement in accordance with their respective terms. A breach by Executive rights of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To Bank under the extent any Trade Secrets Protection Act contained in Article 24, Chapter 66 of the provisions in this Section 6 are held to be overly broad North Carolina General Statutes, or otherwise unenforceable at any other state or federal law or regulation dealing with or providing a remedy for the time enforcement is soughtwrongful disclosure, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion misuse or misappropriation of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtentrade secrets or other proprietary or confidential information.

Appears in 1 contract

Samples: Employment Agreement (Weststar Financial Services Corp)

Remedies for Breach. Executive The Seller specifically acknowledges the necessity for this noncompetition covenant, given the nature of the Company's business. The parties agree that the remedy at law for any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s any obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of under this Agreement will be extinguishedinadequate and in addition to any other rights and remedies to which the Company might be entitled to hereunder, by law or in equity, the Company shall be entitled to injunctive relief or specific performance and (subject to the exception set forth below) reimbursement for all attorney's fees and other expenses incurred in connection with the enforcement hereof. Nothing contained herein will shall be construed as prohibiting the Company from pursuing any other remedy remedies available to the Company it for such breach or such threatened breach, including the recovery of damages from Seller. Executive has carefully read The foregoing remedies are exclusive of any remedies provided for in the Purchase Agreement and considered these restrictions and agrees no limitation of remedies contained in the Purchase Agreement (including the time during which they are fair and reasonable restrictions on Executive and are reasonably required for available) shall be construed to apply to or limit in any way the protection remedies available under this Agreement. Notwithstanding the foregoing, in the event that a court of competent jurisdiction hearing an action brought by the interests of Company against the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees Seller under this Agreement determines that the Seller did not violate the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive against competition contained in this Section 6 2 above, then the Seller shall be entitled to an award by the court of its costs and expenses, including reasonable attorney's fees, incurred in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary informationconnection with defending against said action; provided, confidentialityhowever, non-disclosure or other similar agreement and that this Section 6 the Seller shall not be deemed entitled to limit such other covenants reimbursement for said costs and agreements, all of which shall continue to survive expenses if it is the termination of this Agreement successful party in accordance with their respective terms. A breach said proceeding by Executive virtue of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees court finding that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 Agreement is illegal, invalid or unenforceable or by reason of any provisions in this Agreement being held to be unenforceableexcessively broad as to time, the remaining provisions of this Section 6 shall be enforced as writtenduration, geographical scope, activity or subject.

Appears in 1 contract

Samples: Noncompetition Agreement (Noble International LTD)

Remedies for Breach. Executive acknowledges Without limiting the remedies available to the Company, you acknowledge that a breach of any breach by Executive of the covenants contained in this Section 6 would cause 8 may result in irreparable injury to the Company irreparable injury and damage for which monetary there is no adequate remedy at law, that it shall not be possible to measure damages are inadequate. Accordinglyfor such injuries precisely and that, in the event of such a breach or a threatened breach of this Section 6threat thereof, the Company will may, in addition to pursuing any other remedies it may have in law or in equity, (i) cancel the unvested portion of the RSU as of the date of such breach or threat thereof; (ii) require you to pay to the Company, in cash, the gross amount already realized from the vesting of the RSU during the 12 month period prior to such breach or threat thereof to the extent permitted by law, regulation or listing requirement, or by any Company policy; (ii) cease making any payments with respect to the RSU that are otherwise required under this Agreement; and (iv) if the breach or threat thereof occurred after the RSU has been deferred to the Company Employee Deferred Compensation Plan and prior to the deferred payment date, forfeit the deferred portion of the RSU and this Award shall be deemed terminated as of the date on which the breach or threat thereof occurred. By accepting this RSU, you consent to and authorize the Company to deduct from any amounts payable by the Company to you, any amount you owe to the Company under this Section 8.5. The Company shall also be entitled to seek an a temporary restraining order or a preliminary or permanent injunction restraining such breach. In addition, you from engaging in the event of a breach of activities prohibited by this Section 6, the Company’s obligation 8 or such other relief as may be required to pay specifically enforce any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions covenants in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written8.

Appears in 1 contract

Samples: Bunge 2016 Equity Incentive Plan (Bunge Global SA)

Remedies for Breach. Executive acknowledges SAMPLE ONE: Remedies in Event of Breach of Restraint of Trade, Intellectual Property, Confidentiality, and/or Exclusivity Provisions The Employee hereby recognizes that any breach by Executive irreparable damage will result to the Employer, and to the business of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. AccordinglyEmployer, in the event of a breach or a threatened breach by Employee of this Section 6, any of the Company will be entitled to seek an injunction restraining such breachcovenants and assurances contained in paragraphs covering [name of paragraphs]. In additionAs such, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive assurances contained in this Section 6 paragraphs [paragraph numbers] the Employer shall be entitled to enjoin and restrain Employee from any continued violation of any term of said paragraphs. This equitable remedy shall be in addition to (and not supersede) any other agreements and covenants Executive action for damages Employer may have agreed to in for breach of any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination part of this Agreement agreement. Should either party lawfully terminate this agreement, this paragraph, as well as those set out above shall survive any such termination and remain in accordance with full force and effect until the expiration of their respective terms. A breach by Executive legal enforceability SAMPLE TWO: Restraint of Trade, Confidentiality, Necessity of Court Action In the terms event Employer feels it is appropriate to seek a court order to enforce either the confidentiality or restraint of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining trade provisions of this Section 6 shall agreement, the Employee expressly agrees that: it is appropriate for the court to grant injunctive relief and damages to the Employer; the court should provide Employer with the greatest protections possible through injunctive relief; in the event a court called upon to enforce this agreement determines that it should be enforced reformed, the Employee will join the Employer in asking the court to grant the Employer the greatest degree of protection available through the confidentiality and restraint of trade provisions of the agreement; and that the Employer should and will recover from you any and all actual legal fees, costs, and expenses it incurs in enforcing all or any part of the confidentiality and restraint of trade provisions of this agreement; and that the Employer should recover its legal fees, costs, and expenses even if the Court reforms this agreement and enforces the agreement as writtena reformed.

Appears in 1 contract

Samples: liveperformance.com.au

Remedies for Breach. Executive acknowledges I acknowledge that the covenants contained in this Agreement are independent covenants and that any breach failure by Executive ADK to perform any of its obligations under this Section 6 would cause the Company irreparable injury and damage Agreement will not be a defense to enforcement of any other covenant contained herein, including, but not limited to, an action for which monetary a temporary or permanent injunction. I also acknowledge that damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) by me of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing difficult if not impossible, to ascertain and it is therefore agreed that ADK, in addition to, and without limiting any other remedy available or right it may have under this Agreement or at law, will have the right to an injunction enjoining any such breach. I further agree to reimburse ADK for all costs and expenses, including reasonable attorney’s fees, incurred by ADK because of any breach of these provisions by me, but only in the Company for event that I willfully continue such breach or such threatened fail to cure the breach, following written notice thereof from ADK. Executive has I have carefully read considered the nature and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection extent of the interests restrictions set forth in this Agreement, and hereby acknowledge in agreement, in light of my position with ADK, that in light of the Company. Executive agrees not to circumvent information which I have regarding ADK, and the spirit nature of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the business of ADK, the restrictions in this Section 6 are reasonable in time and necessary territory, are designed to eliminate competition which would be unfair to ADK, are fully required to protect the CompanyADK’s Proprietary Informationlegitimate interest, and they do does not prevent Executive from working in confer a benefit upon ADK disproportionate to the medical device industrydetriment to me. Executive agrees In the event that I breach any of the covenants and agreements by Executive contained in this Section 6 shall be herein, then, in addition to any or other agreements rights or remedies which ADK may have, ADK will have the right to an accounting and covenants Executive repayment of all profits and other benefits directly realized a result of such breach, collect any damages caused by such breach in addition to those specifically listed herein, and to enforce any legal or equitable remedy (including injunctive relief) that they may have agreed against me in order to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed prevent further injury to limit such other covenants and agreements, all ADK as a result of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.such

Appears in 1 contract

Samples: Confidential Separation Agreement and Release (Adcare Health Systems, Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee Executive Employment Agmt Std 11.10.20 Accuray Confidential proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and Executive acknowledges and expressly agrees that the covenants contained herein are reasonable with respect to their duration, geographical area and scope. Executive further acknowledges that the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of the Covered Entities, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to the Covered Entities and its interests, that Employer would not have agreed to enter into this Agreement without receiving Executive’s agreement to be bound by these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. Executive hereby acknowledges and agrees that during the Restrictive Period, Employer shall have the right to communicate the existence and terms of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach Agreement to any third party with whom Executive may seek or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breachobtain future employment or other similar arrangement. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation or threatened violation of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Agreement, Employer, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with Executive, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If Executive violates the Restrictive Covenant and Employer brings legal action for injunctive or other similar agreement and that this Section 6 relief, Employer shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible Restrictive Covenant by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenExecutive.

Appears in 1 contract

Samples: Employment Agreement (Pulaski Financial Corp)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and Executive Employment Agmt Std 11.15.19 Accuray Confidential agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits Executive Employment Agmt Std 11.15.19 Accuray Confidential as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Executive Employment Agmt Std 11.10.20 Accuray Confidential Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and Executive acknowledges and expressly agrees that the covenants contained herein are reasonable with respect to their duration, geographical area and scope. Executive further acknowledges that the restrictions contained in this Agreement are reasonable and necessary for the protection of the legitimate business interests of Employer, that they create no undue hardships, that any breach violation of these restrictions would cause substantial injury to Employer and its interests, that Employer would not have agreed to enter into this Agreement without receiving Executive’s agreement to be bound by these restrictions and that such restrictions were a material inducement to Employer to enter into this Agreement. Executive hereby acknowledges and agrees that during the Restrictive Period, Employer shall have the right to communicate the existence and terms of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach Agreement to any third party with whom Executive may seek or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breachobtain future employment or other similar arrangement. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation or threatened violation of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be Agreement, Employer, in addition to and not in limitation of, any other agreements rights, remedies or damages available to Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and covenants permanent injunctive relief to prevent or restrain any such violation by Executive and any and all persons directly or indirectly acting for or with Executive, as the case may have agreed to in any other employee proprietary information, confidentiality, non-disclosure be. If Executive violates the Restrictive Covenant and Employer brings legal action for injunctive or other similar agreement and that this Section 6 relief, Employer shall not be deemed to limit such other covenants and agreementsnot, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive as a result of the terms time involved in obtaining such relief, be deprived of such other agreements and covenants the benefit of the full period of the Restrictive Covenant. Accordingly, the Restrictive Covenant shall be deemed to be a breach have the duration specified herein computed from the date the relief is granted but reduced by Executive of this Section 6 the time between the period when the Restrictive Period began to run and of this Agreement. To the extent any date of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at first violation of the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible Restrictive Covenant by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtenExecutive.

Appears in 1 contract

Samples: Employment Agreement (First Busey Corp /Nv/)

Remedies for Breach. Executive acknowledges Greenwood understands and agrees that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion violation by him of the Severance Payment or other benefits as set forth covenants contained in Sections 5(a) and (d) Paragraph 5 of this Agreement will be extinguisheddeemed a material breach of this Agreement and will cause irreparable injury to the Bank, and that it would be difficult to ascertain the amount of monetary damages that would result from any such violation. Nothing In the event of Greenwood's actual or threatened breach or violation of the covenants contained herein will in Paragraph 5, the Bank shall be construed as prohibiting entitled to bring a civil action seeking an injunction restraining Greenwood from violating or continuing to violate those covenants or from any threatened violation thereof, or for any other legal or equitable relief relating to the Company breach or violation of such covenant. Greenwood agrees that, if the Bank institutes any action or proceeding against Greenwood seeking to enforce any of such covenants or to recover other relief relating to an actual or threatened breach or violation of any of such covenants, Greenwood shall be deemed to have waived the claim or defense that the Bank has an adequate remedy at law and shall not urge in any such action or proceeding the claim or defense that such a remedy at law exists. However, the exercise by the Bank of any such right, remedy, power or privilege shall not preclude the Bank or its successors or assigns from pursuing any other remedy or exercising any other right, power or privilege available to the Company it for any such breach or such threatened breach. Executive has carefully read violation, whether at law or in equity, including the recovery of damages, all of which shall be cumulative and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection in addition to all other rights, remedies, powers or privileges of the interests of Bank. Notwithstanding anything contained herein to the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive contrary, Greenwood agrees that the restrictions provisions of Paragraph 5(a) above and the remedies provided in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements Paragraph 5(c) for a breach by Executive contained in this Section 6 Greenwood shall be in addition to any other agreements to, and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to supersede or to otherwise restrict, limit such other covenants and agreements, all of which shall continue to survive or impair the termination of this Agreement in accordance with their respective terms. A breach by Executive rights of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To Bank under the extent any Trade Secrets Protection Act contained in Article 24, Chapter 66 of the provisions in this Section 6 are held to be overly broad North Carolina General Statutes, or otherwise unenforceable at any other state or federal law or regulation dealing with or providing a remedy for the time enforcement is soughtwrongful disclosure, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion misuse or misappropriation of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtentrade secrets or other proprietary or confidential information.

Appears in 1 contract

Samples: Employment Agreement (Weststar Financial Services Corp)

Remedies for Breach. Executive acknowledges Bradx xxxpulates that any a breach by Executive him of any of the restrictive covenants set forth in Sections IV and V of this Section 6 would cause Agreement will diminish the value of the Company and the Consolidated Group and will cause irreparable and continuing injury to the Company and damage the Consolidated Group for which monetary damages are inadequatean adequate legal remedy will not exist. Accordingly, Bradx xxxpulates that if he breaches any restrictive covenant set forth in the event of a breach Section IV or a threatened breach V of this Section 6Agreement, the Company will not be obligated to pay to Bradx xxx remaining compensation specified in this Agreement and, without limiting or excluding any other available remedy, the Company and every other member of the Consolidated Group which is affected by the breach will be entitled to seek the following remedies: (a) the entry by a court having jurisdiction of an order granting specific performance or temporary injunctive relief, upon the posting of a bond of $1,500 and the filing with the court of an appropriate pleading and affidavit specifying each obligation breached by Bradx xxx adequate proof (as determined by the court) that Bradx xxx breached the covenants, but without proof of actual monetary damage; (b) if a court having jurisdiction determines for any reason that the Company or other member of the Consolidated Group is not entitled to an injunction restraining such breach. In additionor specific performance, in the event of a recovery from Bradx xx all consequential damages attributable to his breach of this Section 6the restrictive covenant and all profit, remuneration, or other consideration that Bradx xxxns from breaching the Company’s obligation to pay any unpaid portion restrictive covenant; and (c) reimbursement from Bradx xx all costs incurred by the Company and every other member of the Severance Payment Consolidated Group in enforcing the restrictive covenant or other benefits as set forth in Sections 5(a) and (d) otherwise defending or prosecuting any legal proceeding arising out of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the restrictive covenant if the Company from pursuing any other remedy available to is the prevailing party. The Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent exercise any of the provisions in this Section 6 are held to be overly broad foregoing remedies concurrently, independently, or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtensuccessively.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acr Group Inc)

Remedies for Breach. Executive Employee acknowledges that because of the unique and extraordinary nature of the Confidential Information, any breach by Executive or threatened breach of Employee’s obligations under this Section 6 would cause the Company 3 will give rise to irreparable injury and damage for to the Company, which monetary damages are inadequateinjury will be inadequately compensable in money damages. Accordingly, Employee agrees that, in addition to any other remedies that may be available at law or equity, the event of a Company may seek and obtain injunctive relief against the breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breachforegoing undertakings. In addition, Employee further agrees that in view of the event of difficulty in ascertaining the damages which might arise from a breach of this Section 63, in the Company’s obligation to pay event he breaches any unpaid portion of the Severance Payment this Section 3, and notwithstanding any other remedies that may be available under this Agreement, or other benefits as set forth in Sections 5(aat law or equity, he shall immediately: (i) forfeit any and all rights he may have to receive Separation Pay under this Agreement; and (dii) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available return to the Company for such breach or such threatened breachany and all Separation Pay that may have been paid to Employee under this Agreement. Executive has carefully read and considered these restrictions Employee acknowledges and agrees they that the covenants contained herein are fair and reasonable restrictions on Executive and are reasonably required necessary for the protection of the Company’s interests and are reasonable in scope and context. All of the Company. Executive agrees not to circumvent ’s remedies for the spirit breach or threatened breach of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 Agreement shall be in addition to any other agreements cumulative and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 the pursuit of one remedy shall not be deemed to limit such exclude any other covenants and agreementsremedies. In the event that any action, all of which shall continue suit or proceeding at law or in equity is brought by the Company pursuant to survive the termination of this Agreement to enforce any covenant contained in accordance with their respective terms. A this Agreement or to seek money damages for the threatened breach by Executive of or breach thereof, and if the terms of Company is successful in such other agreements and covenants efforts, the Company shall be deemed entitled, upon demand, to be a breach by Executive of this Section 6 reimbursement from Employee, for any and of this Agreement. To the extent any of the provisions all expenses incurred in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is soughtconnection therewith, Executive agrees that the provision shall be reformed including without limitation, reasonable attorney’s fees and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as writtencosts actually incurred.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Defense Solutions Holding, Inc.)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Executive Employment Agmt Std 11.10.20 Accuray Confidential Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

Remedies for Breach. Executive acknowledges that any breach by Executive of this Section 6 would cause the Company irreparable injury and damage for which monetary damages are inadequate. Accordingly, in the event of a breach or a threatened breach of this Section 6, the Company will be entitled to seek an injunction restraining such breach. In addition, in the event of a breach of this Section 6, the Company’s obligation to pay any unpaid portion of the Severance Payment or other benefits as set forth in Sections 5(a) and (d) of this Agreement will be extinguished. Nothing contained herein will be construed as prohibiting the Company from pursuing any other remedy available to the Company for such breach or such threatened breach. Executive has carefully read and considered these restrictions and agrees they are fair and reasonable restrictions on Executive and are reasonably required for the protection of the interests of the Company. Executive agrees not to circumvent the spirit of these restrictions by attempting to accomplish indirectly what Executive is otherwise restricted from doing directly. Executive agrees that the restrictions in this Section 6 are reasonable and necessary to protect the Company’s Proprietary Information, and they do not prevent Executive from working in the medical device industry. Executive agrees that the covenants and agreements by Executive contained in this Section 6 shall be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 6 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach by Executive of the terms of such other agreements and covenants shall be deemed to be a breach by Executive of this Section 6 and of this Agreement. To the extent any of the provisions in this Section 6 are held to be overly broad or otherwise unenforceable at the time enforcement is sought, Executive agrees that the provision shall be reformed and enforced to the greatest extent permissible by law. Executive further agrees that if any portion of this Section 6 is held to be unenforceable, the remaining provisions of this Section 6 shall be enforced as written.. Executive Employment Agmt Std 11.10.20 Accuray Confidential

Appears in 1 contract

Samples: Executive Employment Agreement (Accuray Inc)

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