Common use of Breach by Employee Clause in Contracts

Breach by Employee. It is expressly understood, acknowledged and agreed by Employee that (i) the restrictions contained in Paragraphs 12, 13, 14 and 15 of this Agreement are given in consideration of the Company’s agreements contained herein, including without limitation, the obligation to pay severance as set forth in Paragraph 11 above, and represent reasonable and necessary protections of the legitimate interests of the Company and the Bolt Group and that his failure to observe and comply with his covenant and agreements in those Paragraphs will cause irreparable harm to the Company and the Bolt Group; (ii) it is and will continue to be difficult to ascertain the nature, scope and extent of the harm; and (iii) a remedy at law for such failure by Employee will be inadequate. Accordingly, it is the intention of the parties that, in addition to any other rights and remedies which the Company may have in the event of any breach of those paragraphs, the Company and the Bolt Group shall each be entitled, and each is expressly and irrevocably authorized by Employee, to demand and obtain specific performance including without limitation, temporary and permanent injunctive relief, and all other appropriate equitable relief against Employee, in order to enforce against Employee, or in order to prevent any breach or any threatened breach by Employee of, the covenants and agreements contained in those paragraphs.

Breach by Employee. It is expressly understood, acknowledged and agreed by Employee that (i) the restrictions contained in Paragraphs 12, 13, 14 and 15 9 through 11 of this Agreement are given in consideration of the Company’s agreements contained herein, including without limitation, the obligation to pay severance as set forth in Paragraph 11 above, and represent reasonable and necessary protections of the legitimate interests interest of the Company and the Bolt Group its affiliates and that his Employee’s failure to observe and comply with his covenant the covenants and agreements in those Paragraphs will may cause irreparable harm to the Company and the Bolt Groupand/or its affiliates; (ii) it is and will continue to be difficult to ascertain the nature, scope and extent of the harm; and (iii) a remedy at law for such failure by Employee will be inadequate. Accordingly, it is the intention of the parties that, in addition to any other rights and remedies which the Company and its affiliates may have in the event of any breach of those paragraphs, the Company and the Bolt Group shall its affiliates may each be entitled, and each is expressly and irrevocably authorized by Employee, to demand and obtain specific performance performance; including without limitation, temporary and permanent injunctive relief, and all other appropriate equitable relief against Employee, in order to enforce against Employee, or in order to prevent any breach or any threatened breach by Employee ofEmployee, of the covenants and agreements contained in those paragraphs.

Breach by Employee. It is expressly understood, acknowledged and agreed by Employee Xxxxxx that (i) the restrictions contained in Paragraphs 10, 12, 13, and 14 and 15 of this Agreement are given in consideration of the Company’s and Bolt’s agreements contained herein, including without limitation, the obligation to pay severance as set forth in Paragraph 11 above, and represent reasonable and necessary protections of the legitimate interests interest of the Company and the Bolt Group and that his failure to observe and comply with his covenant and agreements in those Paragraphs will cause irreparable harm to the Company and the Bolt GroupBolt; (ii) it is and will continue to be difficult to ascertain the nature, scope and extent of the harm; and (iii) a remedy at law for such failure by Employee Xxxxxx will be inadequate. Accordingly, it is the intention of the parties that, in addition to any other rights and remedies which the Company or Bolt may have in the event of any breach of those paragraphs, the Company and the Bolt Group shall each be entitled, and each is expressly and irrevocably authorized by EmployeeXxxxxx, to demand and obtain specific performance including without limitation, temporary and permanent injunctive relief, and all other appropriate equitable relief against EmployeeXxxxxx, in order to enforce against EmployeeXxxxxx, or in order to prevent any breach or any threatened breach by Employee ofXxxxxx, of the covenants and agreements contained in those paragraphs.