Common use of Irreparable Damage Clause in Contracts

Irreparable Damage. The Executive acknowledges and agrees that any breach of Sections 7.2 and/or 7.3 of this Agreement will result in irreparable damage and continuing injury to the Corporation. Therefore, in the event of any breach or threatened breach of any of the foregoing provisions of this Agreement by the Executive, the Executive acknowledges and agrees that the Corporation or any Affiliate shall be entitled, without limiting any other available legal or equitable remedy (whether conferred by statute or otherwise), to an injunction to be issued by any court of competent jurisdiction enjoining and restraining the Executive from committing any violation or threatened violation of this Agreement, and the Executive hereby consents to the issuance of such injunction. The Corporation shall not be required to post any bond to obtain any such injunction. The Executive agrees that all remedies available to the Corporation or any Affiliate (or any of them) by reason of a breach of any of the foregoing provisions of this Agreement are cumulative and that none is exclusive and that all remedies may be exercised concurrently or consecutively at the option of the Corporation or any Affiliate, as the case may be.