Common use of Termination of Employment and Effect of Termination Clause in Contracts

Termination of Employment and Effect of Termination. 7.1 In order to permit the corporation to enforce its rights and interests pursuant to this Agreement, the Employee agrees that for a period of one (1) year from the termination of the Employee's employment with the Corporation, except in the circumstances set out in Section 5.3 of this Agreement; the Employee shall give written notice to the Corporation as to the Employee's then current residence(s) and then current work address(es). 7.2 Any termination of the employment of the Employee (howsoever occasioned) shall not affect any accrued rights or liabilities of either party nor shall such termination affect the coming into force or the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such termination. All the foregoing warranties, covenants and obligations particularly those in Sections 3, 4, 5, 6 and 7 shall survive any termination of such employment. 7.3 The Employee shall at no time interfere with, frustrate or hinder the Corporation in the performance of the Corporation's rights under this Agreement. 7.4 The Employee agrees that all restrictions contained in Section 4, 5 and 6 are reasonable and valid and all defences to the strict enforcement thereof by the Corporation are hereby waived by the Employee. 7.5 The Employee agrees that the remedy at law for any breach by the Employee of Sections 4, 5 and 6 of this Agreement will be inadequate and that the Corporation, on any application to a court, shall be entitled to temporary and permanent injunctive relief against the Employee without the necessity of proving actual damage to the Corporation. 7.6 In the event of an actual or threatened breach by the employee of any provision of this Agreement, the Corporation shall be entitled to both legal and equitable relief. Nothing herein shall be construed as prohibiting the Corporation from pursuing any of its available remedies arising from such breach or threatened breach including recovery of damages, and where applicable, injunctive relief to restrain such breach or threatened breach.