Common use of Specific Remedies Clause in Contracts

Specific Remedies. (a) It is understood by Employee and the Company that the covenants contained in this Section 9 and in Sections 7 and 8 hereof are essential elements of this Agreement and that, but for the agreement of Employee to comply with such covenants, the Company would not have agreed to enter into this Agreement. The Company and Employee have independently consulted with their respective counsel and have been advised concerning the reasonableness and propriety of such covenants with specific regard to the nature of the business conducted by the Company and all interests of the Company. Employee agrees that the covenants contained in Sections 7 and 8 are reasonable and valid, and that a breach by Employee of any of such covenants shall be deemed to be a breach of a material provision of this Agreement. Employee acknowledges that the Company will have no adequate remedy at law if Employee violates the provisions of Sections 7 or 8 and that the Company shall have the right upon application to any court of proper jurisdiction to a temporary restraining order, preliminary injunction, injunction, specific performance or other equitable relief.

Appears in 6 contracts

Samples: Employment Agreement (Hyde Park Acquisition CORP), Employment Agreement (Essex Rental Corp.), Employment Agreement (Hyde Park Acquisition CORP)

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Specific Remedies. (a) It is understood by Employee and the Company that the covenants contained in this Section 9 10 and in Sections 7 7, 8 and 8 9 hereof are essential elements of this Agreement and that, but for the agreement of Employee to comply with such covenants, the Company would not have agreed to enter into this Agreement. The Company and Employee have independently consulted with their respective counsel and have been advised concerning the reasonableness and propriety of such covenants with specific regard to the nature of the business conducted by the Company and all interests of the Company. Employee agrees that the covenants contained in of Sections 7 7, 8 and 8 9 are reasonable and valid, and that . If Employee commits a breach by Employee of any of the provisions of Sections 7, 8 or 9 hereof, such covenants breach shall be deemed to be a breach grounds for termination for Cause. In addition, notwithstanding the provisions of a material provision of this Agreement. Sections 8 and 9, Employee acknowledges that the Company will have no adequate remedy at law if he violates any of the terms hereof. Employee violates the provisions of Sections 7 or 8 therefore understands and agrees that the Company shall have the right upon application without prejudice as to any court of proper jurisdiction to a temporary restraining order, preliminary injunction, injunction, specific performance or other equitable relief.remedies:

Appears in 3 contracts

Samples: Employment Agreement (Pinpoint Recovery Solutions Corp), Employment Agreement (Pinpoint Recovery Solutions Corp), Employment Agreement (Pinpoint Recovery Solutions Corp)

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