Common use of ACKNOWLEDGMENTS BY THE EXECUTIVE Clause in Contracts

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; because the Executive possesses substantial technical expertise and skill with respect to the Employer's business, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Invention; and the provisions of this Section 6 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions.

Appears in 9 contracts

Samples: Employment Agreement (Cynet Inc), Employment Agreement (Cynet Inc), Employment Agreement (Cynet Inc)

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ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (i) during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; (ii) public disclosure of such Confidential Information could have an adverse effect on the Employer Company and its business; (iii) because the Executive possesses substantial technical expertise and skill with respect to the EmployerCompany's business, the Employer Company desires to obtain exclusive ownership of each Employee Executive Invention, and the Employer Company will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Executive Invention; and (d) the provisions of this Section 6 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer Company with exclusive ownership of all Employee Executive Inventions.

Appears in 5 contracts

Samples: Employment Agreement (Technical Olympic Usa Inc), Employment Agreement (Technical Olympic Usa Inc), Employment Agreement (Technical Olympic Usa Inc)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (a) during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (c) because the Executive possesses substantial technical expertise and skill with respect to the Employer's business, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each any Employee Invention; and (d) the provisions of this Section 6 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions.

Appears in 3 contracts

Samples: Execution Copy Employment Agreement (Room Plus Inc), Execution Copy Employment Agreement (Room Plus Inc), Execution Copy Employment Agreement (Room Plus Inc)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (a) during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (c) because the Executive possesses substantial technical expertise and skill with respect to the Employer's business, ; (d) the Employer desires Buyer has required that the Executive make the covenants in this Section 7 as a condition to obtain exclusive ownership its purchase of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee InventionEmployer's members interests; and (e) the provisions of this Section 6 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions.

Appears in 1 contract

Samples: Non Competition Agreement (Allis Chalmers Corp)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (a) during the Employment Period term of and as a part of his employment, the Executive will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (c) because the Executive possesses substantial technical expertise and skill with respect to the Employer's business, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Invention; and (d) the provisions of this Section 6 5 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions.

Appears in 1 contract

Samples: Employment Agreement (Dean & Deluca Inc)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (i) during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; : (ii) public disclosure of such Confidential Information could have an adverse effect on the Employer Company and its business; (iii) because the Executive possesses substantial technical expertise and skill with respect to the EmployerCompany's business, the Employer Company desires to obtain exclusive ownership of each Employee Executive Invention, and the Employer Company will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Executive Invention; and (d) the provisions of this Section 6 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer Company with exclusive ownership of all Employee Executive Inventions.

Appears in 1 contract

Samples: Employment Agreement (Engle Homes Residential Construction LLC)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (a) during the Employment Period term of and as a part of his employment, the Executive will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (c) because the Executive possesses substantial technical expertise and skill with respect to the Employer's business, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Invention; and (d) the provisions of this Section 6 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions.

Appears in 1 contract

Samples: Employment Agreement (Publicard Inc)

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ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that that: (a) during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (c) because the Executive will possesses substantial technical expertise and skill with respect to the Employer's businessBusiness, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Invention; and (d) the provisions of this Section 6 5 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions.

Appears in 1 contract

Samples: Employment Agreement (Continental Conveyor & Equipment Co)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that (i) during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; (ii) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (iii) because the Executive possesses substantial technical expertise and skill with respect to the Employer's ’s business, the Employer desires to obtain exclusive ownership of each Employee Executive Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Executive Invention; and (iv) the provisions of this Section 6 §7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Executive Inventions.

Appears in 1 contract

Samples: Mueller Employment Agreement (Metalico Inc)

ACKNOWLEDGMENTS BY THE EXECUTIVE. The Executive acknowledges that during the Employment Period and as a part of his employment, the Executive will be afforded access to Confidential Information; public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; because the Executive possesses substantial technical expertise and skill with respect to the Employer's business, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire exclusive ownership of each Employee Invention; and the provisions of this Section 6 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive exlusive ownership of all Employee Inventions.

Appears in 1 contract

Samples: Employment Agreement (Cynet Inc)

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