Common use of Right to Injunctive and Equitable Relief Clause in Contracts

Right to Injunctive and Equitable Relief. Executive's obligations not to disclose or use "Confidential Information" and to refrain from the solicitations described in this Article III are of a special and unique character. The Company and its subsidiaries and affiliates cannot be reasonably or adequately compensated for damages in an action at law in the event Executive breaches such obligations. Therefore, Executive expressly agrees that the Company and its subsidiaries and affiliates shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the Company or its subsidiaries or affiliates may possess or be entitled to pursue. Furthermore, the obligations of Executive and the rights and remedies of the Company and its subsidiaries and affiliates under this Article III are cumulative and in addition to, and not in lieu of, any obligations, rights, or remedies created by applicable law relating to misappropriation or theft of trade secrets or "Confidential Information". The parties agree that all of the subsidiaries and affiliates of the Company shall be third party beneficiaries of this Section III and be entitled to enforce directly against Executive the provisions of this Section III to the extent that shall be related to the businesses of such subsidiaries or affiliates.

Appears in 3 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

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Right to Injunctive and Equitable Relief. Executive's obligations not to disclose or use "Confidential Information" Information and to refrain from the solicitations described in this Article III are of a special and unique character. The Company and its subsidiaries and affiliates cannot be reasonably or adequately compensated for damages in an action at law in the event Executive breaches such obligations. Therefore, Executive expressly agrees that the Company and its subsidiaries and affiliates shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the Company or its subsidiaries or affiliates may possess or be entitled to pursue. Furthermore, the obligations of Executive and the rights and remedies of the Company and its subsidiaries and affiliates under this Article III are cumulative and in addition to, and not in lieu of, any obligations, rights, or remedies created by applicable law relating to misappropriation or theft of trade secrets or "Confidential Information". The parties agree that the Company and all of the subsidiaries and affiliates of the Company shall be third party beneficiaries of this Section III and be entitled to enforce directly against Executive the provisions of this Section III to the extent that shall be related to the businesses business of such the Company, its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

Right to Injunctive and Equitable Relief. Executive's obligations not to disclose or use "Confidential Information" and to refrain from the solicitations described in this Article III are of a special and unique character. The Company and its subsidiaries and affiliates cannot be reasonably or adequately compensated for damages in an action at law in the event Executive breaches such obligations. Therefore, Executive expressly agrees that the Company and its subsidiaries and affiliates shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the Company or its subsidiaries or affiliates may possess or be entitled to pursue. Furthermore, the obligations of Executive and the rights and remedies of the Company and its subsidiaries and affiliates under this Article III are cumulative and in addition to, and not in lieu of, any obligations, rights, or remedies created by applicable law relating to misappropriation or theft of trade secrets or "Confidential Information". The parties agree that all of the subsidiaries and affiliates of the Company shall be third party beneficiaries of this Section Article III and be entitled to enforce directly against Executive the provisions of this Section III to the extent that shall be related to the businesses of such subsidiaries or affiliates.

Appears in 1 contract

Samples: Executive Employment Agreement (First Aviation Services Inc)

Right to Injunctive and Equitable Relief. Executive's obligations not to disclose or use "Confidential Information" and to refrain from the solicitations and not to compete described in this Article III are of a special and unique character. The Company and its parent, subsidiaries and affiliates cannot be reasonably or adequately compensated for damages in an action at law in the event Executive breaches such obligations. Therefore, Executive expressly agrees that the Company and its parent, subsidiaries and affiliates shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the Company or its parent, subsidiaries or affiliates may possess or be entitled to pursue. under applicable statutory or common law. Furthermore, the obligations of Executive and the rights and remedies of the Company and its parent, subsidiaries and affiliates under this Article III are cumulative and in addition to, and not in lieu of, any obligations, rights, or remedies created by applicable law relating to misappropriation statutory or theft of trade secrets or "Confidential Information"common law. The parties agree that all of the parent, subsidiaries and affiliates of the Company shall be third party beneficiaries of this Section Article III and be entitled to enforce directly against Executive the provisions of this Section Article III to the extent that shall be related to the businesses of such parent, subsidiaries or affiliates.affiliates.\

Appears in 1 contract

Samples: Executive Employment Agreement (First Aviation Services Inc)

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Right to Injunctive and Equitable Relief. Executive's obligations not to disclose or use "Confidential Information" and to refrain from the solicitations and not to compete described in this Article III are of a special and unique character. The Company and its parent, subsidiaries and affiliates cannot be reasonably or adequately compensated for damages in an action at law in the event Executive breaches such obligations. Therefore, Executive expressly agrees that the Company and its parent, subsidiaries and affiliates shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the Company or its parent, subsidiaries or affiliates may possess or be entitled to pursuepursue - under applicable statutory or common law. Furthermore, the obligations of Executive and the rights and remedies of the Company and its parent, subsidiaries and affiliates under this Article III are cumulative and in addition to, and not in lieu of, any obligations, rights, or remedies created by applicable law relating to misappropriation statutory or theft of trade secrets or "Confidential Information"common law. The parties agree that all of the parent, subsidiaries and affiliates of the Company shall be third party beneficiaries of this Section Article III and be entitled to enforce directly against Executive the provisions of this Section Article III to the extent that shall be related to the businesses of such parent, subsidiaries or affiliates.

Appears in 1 contract

Samples: Executive Employment Agreement (First Aviation Services Inc)

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