Common use of Specific Enforcement; Extension of Period Clause in Contracts

Specific Enforcement; Extension of Period. (a) The Employee acknowledges that the restrictions contained in Section 6 hereof are reasonable and necessary to protect the legitimate interests of the Company and its affiliates and that the Company would not have entered into this Agreement in the absence of such restrictions. The Employee also acknowledges that any breach by him of the restrictions contained in Section 6 will cause continuing and irreparable injury to the Company for which monetary damages would not be an adequate remedy. The Employee shall not, in any action or proceeding to enforce any of the provisions of this Agreement, assert the claim or defense that an adequate remedy at law exists. In the event of such breach by the Employee, the Company shall have the right to enforce the restrictions contained in Section 6 by seeking injunctive or other relief in any court (without the necessity of posting a bond or other form of security), and this Agreement shall not in any way limit remedies of law or in equity otherwise available to the Company.