Common use of Acknowledgments by Executive Clause in Contracts

Acknowledgments by Executive. Executive understands that the restrictions contained in Section 4 may limit the ability of Executive to earn a livelihood in a competing business, but Executive nevertheless believes that Executive has received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder to clearly justify such restrictions which, in any event (given the education, skills and ability of Executive), Executive does not believe would prevent him from earning a livelihood. Executive further acknowledges that this Agreement would not have been entered into and the benefits described in Section 1 and Section 3 would not have been promised in the absence of Executive’s promises under Section 4.

Acknowledgments by Executive. Executive understands that the restrictions contained in Section 4 are being entered into in connection with the sale of the outstanding stock of the Company, pursuant to the Stock Purchase Agreement, and may limit the ability of Executive to earn a livelihood in a competing business, but . Executive nevertheless believes that Executive has received and will receive sufficient consideration and other benefits as an employee and Seller of the Company and as otherwise provided hereunder to clearly justify such restrictions which, in any event (given the education, skills and ability of Executive), Executive does not believe would prevent him from earning a livelihood. Executive further acknowledges that this Agreement would not have been entered into and the benefits described in Section 1 and Section 3 would not have been promised in the absence of Executive’s promises under Section 4.

Acknowledgments by Executive. Executive understands that the restrictions contained in Section 4 may limit the ability of are being entered into in as a condition for continued employment with Company and Company entering into this Agreement. Executive to earn a livelihood in a competing business, but Executive nevertheless believes acknowledges that Executive has received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder to clearly justify such restrictions restrictions, which, in any event (given the education, skills and ability of Executive), will not prevent Executive does not believe would prevent him from earning a livelihood. Executive further acknowledges that this Agreement would not have been entered into and the benefits described in Section 1 and Section 3 would not have been promised in the absence of Executive’s promises under Section 4.