Common use of Specific Performance and Injunctive Relief Clause in Contracts

Specific Performance and Injunctive Relief. Employee acknowledges that the restrictions and covenants contained in this Article 5 are reasonable and necessary to protect the legitimate interests of the Corporation. Employee understands and agrees that the remedies at law for any violation of the restrictions or covenants by this Article 5 may be inadequate, that such violations may cause irreparable injury within a short period of time and that the Corporation shall be entitled to preliminary injunctive relief and other injunctive relief against such violation or threatened violation without the necessity of proving actual damages. Such injunctive relief shall be in addition to and not in limitation of any and all other remedies the Corporation shall have in law and at equity for the enforcement of such restrictions and covenants. Nothing herein provided shall be construed as prohibiting the Corporation or Employee from pursuing any other remedies available in the event of breach or threatened breach, including the recovery of damages. In the event of a violation of any of the provisions of this Article 5, the successful party shall have the right to collect a reasonable attorney’s fee for bringing such legal or equitable action or otherwise enforcing the terms and conditions of this Article.

Appears in 6 contracts

Samples: Employment Agreement (Winland Electronics Inc), Employment Agreement (Winland Electronics Inc), Employment Agreement (Winland Electronics Inc)

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Specific Performance and Injunctive Relief. Employee acknowledges that the restrictions and covenants contained in this Article 5 are reasonable and necessary to protect the legitimate interests of the Corporation. Employee understands and agrees that the remedies at law for any violation of the restrictions or covenants by this Article 5 may be inadequate, that such violations may cause irreparable injury within a short period of time and that the Corporation shall be entitled to preliminary injunctive relief and other injunctive relief against such violation or threatened violation without the necessity of proving actual damages. Such injunctive relief shall be in addition to and not in limitation of any and all other remedies the Corporation shall have in law and at equity for the enforcement of such restrictions and covenants. Nothing herein provided shall be construed as prohibiting the Corporation or Employee from pursuing any other remedies available in the event of breach or threatened breach, including the recovery of damages. In And, in that regard, in the event of a violation of that either the Corporation or Employee shall violate any of the foregoing provisions of this Article 5Article, the successful party shall have the right to collect a reasonable attorney’s 's fee for bringing such legal or equitable action or otherwise enforcing the terms and conditions of this Article.

Appears in 4 contracts

Samples: Employment Agreement (Winland Electronics Inc), Employment Agreement (Winland Electronics Inc), Employment Agreement (Winland Electronics Inc)

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Specific Performance and Injunctive Relief. Employee acknowledges that the restrictions and covenants contained in this Article 5 are reasonable and necessary to protect the legitimate interests of the Corporation. Employee understands and agrees that the remedies at law for any violation of the restrictions or covenants by this Article 5 may be inadequate, that such violations may cause irreparable injury within a short period of time and that the Corporation shall be entitled to preliminary injunctive relief and other injunctive relief against such violation or threatened violation without the necessity of proving actual damages. Such injunctive relief shall be in addition to and not in limitation of any and all other remedies the Corporation shall have in law and at equity for the enforcement of such restrictions and covenants. Nothing herein provided shall be construed as prohibiting the Corporation or Employee from pursuing any other remedies available in the event of breach or threatened breach, including the recovery of damages. In And, in that regard, in the event of a violation of that either the Corporation or Employee shall violate any of the foregoing provisions of this Article 5Article, the successful party shall have the right to collect a reasonable attorney’s 's fee for bringing such legal or equitable action or otherwise enforcing the terms and conditions of this Article.

Appears in 3 contracts

Samples: Employment Agreement (Winland Electronics Inc), Employment Agreement (Winland Electronics Inc), Employment Agreement (Winland Electronics Inc)

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