Continuing Obligations definition
Examples of Continuing Obligations in a sentence
Executive acknowledges and agrees that any breach by Executive of this Agreement, including without limitation the Restrictive Covenants in Section 6 herein or Continuing Obligations as incorporated in Section 7 herein, may cause irreparable harm to the Company and that such harm may not 10 be entirely compensable by monetary damages alone.
In addition, should either party file an action to enforce the terms of this Agreement, the Restrictive Covenants, or the Continuing Obligations, the prevailing party in such action shall be entitled to reasonable attorneys’ fees and costs incurred in bringing such action, as well as attorneys’ fees and costs arising from the collection of any judgments in the prevailing party’s favor connected with the enforcement of, or breach of this Agreement.
In addition, upon any breach of any of the Restrictive Covenants or Continuing Obligations, the duration and/or length of the restriction(s) subject of such breach shall be tolled, and shall not run, during the period of such breach.