Common use of Scope of Covenants Clause in Contracts

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement be national and international; (b) its breadth include the entire insurance industry; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, near permanent and therefore are of critical value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 3 contracts

Sources: Employment Agreement (Cna Financial Corp), Employment Agreement (Cna Financial Corp), Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company was engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (ciii) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i1) obtaining renewals of existing customers; (ii2) selling new business; (iii3) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv4) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalnation-wide; (bii) its breadth include those segments of the entire insurance industryindustry in which the Company conducts business; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond it need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, so Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF“CNA Insurance Companies”, as well as the Companywell.

Appears in 2 contracts

Sources: Employment Agreement (Cna Financial Corp), Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive that in the course of the Company he has and Executive’s employment with the Company, the Executive will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in become familiar with the Company’s reports on Forms 10-K and 10-Q filed its subsidiaries’ and Affiliates’ trade secrets and with the Securities other confidential and Exchange Commission), but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which proprietary information concerning the Company and its affiliates are engaged. (b) To protect such information subsidiaries and such existing and prospective relationshipsAffiliates, and for other significant business reasonsthat the Executive’s services are of special, unique and extraordinary value to the Company and its subsidiaries and Affiliates. Therefore, the Company and the Executive agrees mutually agree that it is reasonable and necessary that: (a) in the scope interest of this Agreement be national and international; (b) its breadth include the entire insurance industry; and (c) the duration of the restrictions upon both Parties for the Executive be as indicated therein. (c) The Executive acknowledges that to enter into the Company’s customer, employee and business relationships are long-standing, near permanent and therefore are of critical value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the restrictive covenants set forth in Sections 7 through 13 above would cause 8, 9, and 10 to, among other things, protect the Company irreparable harm and that the Company would be entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates legitimate business interests of the Company and CNAFthose of its subsidiaries and Affiliates, as well as and that such restrictions and covenants contained in Sections 8, 9, and 10 are reasonable in geographical and temporal scope and in all other respects given the nature of the Executive’s duties and the nature of the Company’s and its subsidiaries’ and Affiliates’ businesses and that such restrictions and covenants do not and will not unduly impair the Executive’s ability to earn a living after termination of the Executive’s employment with the Company. The Company and the Executive further acknowledge that the time, scope, geographic area and other provisions of Sections 8, 9, and 10 have been specifically negotiated by sophisticated commercial parties and agree that they consider the restrictions and covenants contained in Sections 8, 9, and 10 to be reasonable and necessary for the protection of the interests of the Company, but if any such restriction or covenant shall be held by any court of competent jurisdiction to be void but would be valid if deleted in part or reduced in application, such restriction or covenant shall apply in such jurisdiction with such deletion or modification as may be necessary to make it valid and enforceable. The restrictions and covenants contained in each paragraph of Sections 8, 9, and 10 shall be construed as separate and individual restrictions and covenants and shall each be capable of being reduced in application or severed without prejudice to the other restrictions and covenants or to the remaining provisions of this Agreement.

Appears in 1 contract

Sources: Employment Agreement (Greenbrook TMS Inc.)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company Company, he has will develop and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company CNA Companies was and are engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s CNA Companies’ businesses are conducted nation-wide; and (ciii) that the Company’s CNA Companies’ confidential information, if disclosed or utilized without its authorization authorization, would irreparably harm the Company CNA Companies in: (i1) obtaining renewals of existing customers; (ii2) selling new business; (iii3) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv4) other ways arising out of the conduct of the businesses in which the Company and its affiliates CNA Companies are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalnation-wide; (bii) its breadth include those segments of the entire insurance industryindustry in which the CNA Companies conduct business; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s CNA Companies’ customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the CompanyCNA Companies. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s CNA Companies’ legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above 15 hereof would cause the Company CNA Companies irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond it need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois Delaware or any other state in which Executive resideshe may reside following the Term. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Delaware and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 15 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, “CNA Insurance Companies,” as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company Company, he has will develop and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company CNA Companies was and are engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s CNA Companies’ businesses are conducted nationworld-wide; and (ciii) that the Company’s CNA Companies’ confidential information, if disclosed or utilized without its authorization authorization, would irreparably harm the Company CNA Companies in: (i1) obtaining renewals of existing customers; (ii2) selling new business; (iii3) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv4) other ways arising out of the conduct of the businesses in which the Company and its affiliates CNA Companies are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalworld-wide; (bii) its breadth include those segments of the entire insurance industryindustry in which the CNA Companies conduct business; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s CNA Companies’ customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the CompanyCNA Companies. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s CNA Companies’ legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above 15 hereof would cause the Company CNA Companies irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond it need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois Delaware or any other state in which Executive resideshe may reside following the Term. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Delaware and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 15 hereof, the “Company” shall include the “CNA Insurance Companies,” and all of the Company’s other subsidiaries and affiliates of the Company and CNAF, as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement be national and international; (b) its breadth include the entire insurance industry; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 14 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s 's businesses are conducted nation-wide; and (c) that the Company’s 's confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement agreement be national and internationalnation-wide; (b) its breadth include the entire insurance surety industry, except as otherwise provided in Section 9; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s 's customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company's enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s 's legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections Paragraphs 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond if need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s 's reasonable attorneys' fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Surety Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company CNA Companies was and are engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s CNA Companies’ businesses are conducted nation-wide; and (ciii) that the Company’s CNA Companies’ confidential information, if disclosed or utilized without its authorization would irreparably harm the Company CNA Companies in: (i1) obtaining renewals of existing customers; (ii2) selling new business; (iii3) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv4) other ways arising out of the conduct of the businesses in which the Company and its affiliates CNA Companies are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalnation-wide; (bii) its breadth include those segments of the entire insurance industryindustry in which the CNA Companies conduct business; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s CNA Companies’ customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the CompanyCNA Companies. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s CNA Companies’ legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company CNA Companies irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond it need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference hereinif he has not already done so. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF“CNA Insurance Companies”, as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s 's reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s 's businesses are conducted nation-wide; and (ciii) that the Company’s 's confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (iA) obtaining renewals of existing customers; (iiB) selling new business; (iiiC) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (ivD) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement be national and international; (bii) its breadth include the entire insurance industry; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s 's customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company's enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s 's legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s 's reasonable attorneys' fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s 's Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the "Company" shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms Form 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: necessary (a) the scope of this Agreement agreement be national and internationalnation-wide; (b) its breadth include the entire life and group industry, and where indicated in this Agreement, the entire insurance industry; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections Paragraphs 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond if need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, so Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF“CNA insurance companies”, as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement agreement be national and internationalnation-wide; (b) its breadth include those segments of the entire insurance industryindustry in which the Companies conduct business; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, near permanent and therefore are of critical value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 5 through 13 10 above would cause the Company irreparable harm and that the Company would be entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which has been previously provided to Executive and is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 5 through 14 11 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAFCNA Financial Corporation, as well as the Company.

Appears in 1 contract

Sources: Retention Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company Company, he has developed and had access to and will develop and have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company CNA Companies was and are engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s CNA Companies’ businesses are conducted nationworld-wide; and (ciii) that the Company’s CNA Companies’ confidential information, if disclosed or utilized without its authorization authorization, would irreparably harm the Company CNA Companies in: (i1) obtaining renewals of existing customers; (ii2) selling new business; (iii3) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv4) other ways arising out of the conduct of the businesses in which the Company and its affiliates CNA Companies are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalworld-wide; (bii) its breadth include those segments of the entire insurance industryindustry in which the CNA Companies conduct business; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s CNA Companies’ customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the CompanyCNA Companies. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s CNA Companies’ legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above 15 hereof would cause the Company CNA Companies irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond ▇▇▇▇ is required in order for the Company to obtain such relief, such bond it need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois Delaware or any other state in which Executive resideshe may reside following the Term. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Delaware and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference hereinAgreement as in effect from time to time. (e) For purposes of Sections 7 through 14 15 hereof, the “Company” shall include the “CNA Insurance Companies,” and all of the Company’s other subsidiaries and affiliates of the Company and CNAF, as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization authorization, would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement be both national and international; (b) its breadth include the entire insurance industry, both domestic and international; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of any of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and of CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company Company, he has developed and had access to and will develop and have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company CNA Companies was and are engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s CNA Companies’ businesses are conducted nationworld-wide; and (ciii) that the Company’s CNA Companies’ confidential information, if disclosed or utilized without its authorization authorization, would irreparably harm the Company CNA Companies in: (i1) obtaining renewals of existing customers; (ii2) selling new business; (iii3) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv4) other ways arising out of the conduct of the businesses in which the Company and its affiliates CNA Companies are engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalworld-wide; (bii) its breadth include those segments of the entire insurance industryindustry in which the CNA Companies conduct business; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s CNA Companies’ customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the CompanyCNA Companies. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s CNA Companies’ legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above 15 hereof would cause the Company CNA Companies irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond ▇▇▇▇ is required in order for the Company to obtain such relief, such bond it need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois Delaware or any other state in which Executive resideshe may reside following the Term. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Delaware and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference hereinas in effect from time to time. (e) For purposes of Sections 7 through 14 15 hereof, the “Company” shall include the “CNA Insurance Companies,” and all of the Company’s other subsidiaries and affiliates of the Company and CNAF, as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms 's Form 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s 's businesses are conducted nation-wide; and (c) that the Company’s 's confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement agreement be national and internationalnation-wide; (b) its breadth include the entire insurance industry; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s 's customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company's enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s 's legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond if need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s 's reasonable attorneys' fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, so Executive agrees to continue to be bound by and to execute the Company’s 's Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the "Company" shall include all subsidiaries and affiliates of the Company and CNAF"CNA insurance companies", as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement be national and international; (b) its breadth include the entire insurance industry; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms 's Form 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s 's businesses are conducted nation-wide; and (c) that the Company’s 's confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement agreement be national and internationalnation-wide; (bii) its breadth include the entire property casualty industry, and, subject to Section 9 hereof, where the Company believes appropriate, the entire insurance industry; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s 's customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company's enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s 's legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond if need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ feesamount. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, so Executive agrees to continue to be bound by and to execute the Company’s 's Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the "Company" shall include all subsidiaries and affiliates of the Company and CNAF"CNA Companies", as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms Form 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (c) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement agreement be national and internationalnation-wide; (b) its breadth include the entire insurance industry; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond if need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, so Executive agrees to continue to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF“CNA insurance companies”, as well as the Companywell.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)

Scope of Covenants. (a) The Executive acknowledges that: (a) as a senior executive of the Company he has and will have had access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), but the entire range of businesses in which the Company was engaged; (b) that the businesses segments for which he may have been responsible and the Company’s 's businesses are conducted nation-wide; and (c) that the Company’s 's confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (i) obtaining renewals of existing customers; (ii) selling new business; (iii) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (iv) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (a) the scope of this Agreement agreement be national and internationalnation-wide; (b) its breadth include the entire insurance surety industry, except as otherwise provided in Section 9; and (c) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s 's customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company's enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s 's legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the the (1) covenants set forth in Sections Paragraphs 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond if need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s 's reasonable attorneys' fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Surety Corp)

Scope of Covenants. (a) The Executive acknowledges that: (ai) as a senior executive of the Company he has and will have access to confidential information concerning not only the business segments for which he may have been responsible (a non-exhaustive an outline summary of which appears in the Company’s reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission), ) but the entire range of businesses in which the Company was engaged; (bii) that the businesses segments for which he may have been responsible and the Company’s businesses are conducted nation-wide; and (ciii) that the Company’s confidential information, if disclosed or utilized without its authorization would irreparably harm the Company in: (iA) obtaining renewals of existing customers; (iiB) selling new business; (iiiC) maintaining and establishing existing and new relationships with employees, agents, brokers, vendors; and (ivD) other ways arising out of the conduct of the businesses in which the Company and its affiliates are is engaged. (b) To protect such information and such existing and prospective relationships, and for other significant business reasons, the Executive agrees that it is reasonable and necessary that: (ai) the scope of this Agreement be national and international; (bii) its breadth include the entire insurance industry; and (ciii) the duration of the restrictions upon the Executive be as indicated therein. (c) The Executive acknowledges that the Company’s customer, employee and business relationships are long-standing, indeed, near permanent and therefore are of critical great value to the Company. The Executive agrees that neither any of the provisions in this Agreement nor any the Company’s enforcement of it by the Company alters or will alter his ability to earn a livelihood for himself and his family, family and further that both said provisions and said enforcement are reasonably necessary to protect the Company’s legitimate business and property interests and relationships, especially those which he was responsible for developing or maintaining. The Executive agrees that his actual or threatened breach of the covenants set forth in Sections 7 through 13 above would cause the Company irreparable harm and that the Company would be is entitled to an injunction, in addition to whatever other remedies may be available, to restrain such actual or threatened breach. The Executive agrees that if bond is required in order for the Company to obtain such relief, such bond need only be in a nominal amount and that he shall reimburse the Company for all costs of any such suit, including the Company’s reasonable attorneys’ fees. The Executive consents to the filing of any such suit against him in any of the state or federal courts located in Illinois or any state in which Executive he resides. He further agrees that in the event of such suit or any other action arising out of or relating to this Agreement, the parties shall be bound by and the court shall apply the internal laws of the State of Illinois, Illinois and irrespective of rules regarding choice of law or conflicts of laws. (d) If he has not already done so, Executive agrees to be bound by and to execute the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which is attached hereto and incorporated by reference herein. (e) For purposes of Sections 7 through 14 hereof, the “Company” shall include all subsidiaries and affiliates of the Company and CNAF, as well as the Company.

Appears in 1 contract

Sources: Employment Agreement (Cna Financial Corp)