Common use of ACKNOWLEDGEMENTS BY EMPLOYEE Clause in Contracts

ACKNOWLEDGEMENTS BY EMPLOYEE. Employee acknowledges that by virtue of his position with the Company he or she has developed considerable expertise in the business operations of the Company and has had extensive access to trade secrets and other confidential information of the Company. Employee recognizes that Parent would be irreparably damaged, and its substantial investment in the Company materially impaired, if Employee were to enter into an activity competing with the business of Parent, the Company (or any subsidiary, successor or acquiror of Parent or the

ACKNOWLEDGEMENTS BY EMPLOYEE. Employee acknowledges that by virtue of his position with the Company he or she has developed considerable expertise in the business operations of the Company and has had extensive access to trade secrets and other confidential information of the Company. Employee recognizes that Parent would be irreparably damaged, and its substantial investment in the Company materially impaired, if Employee were to enter into an activity competing with the business of Parent, the Company (or any subsidiary, successor or acquiror of Parent or thethe Company) in violation of the terms of this Agreement or if