Common use of Acknowledgement; Covenants Ancillary to Other Agreements Clause in Contracts

Acknowledgement; Covenants Ancillary to Other Agreements. Executive expressly recognizes that Executive was a high-level, executive employee who was provided with access to Confidential Information of the Company as part of Executive’s employment. Executive acknowledges that the restrictive covenants contained in Section 5(b), for which he received consideration from the Company as provided in Section 3, are ancillary to otherwise enforceable provisions of this Agreement with respect to the protection of Confidential Information, and that the restrictive covenants contain limitations, as applicable, as to time, geographical area and scope of activity to be restrained that are reasonable, and do not impose a greater restraint than is necessary to protect the good will or other business interests of the Company, such as the Company’s need to protect its Confidential Information.

Appears in 3 contracts

Samples: Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv), Employment, Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv), Employment, Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv)

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Acknowledgement; Covenants Ancillary to Other Agreements. Executive expressly recognizes that Executive was a high-level, executive employee who was provided with access to Confidential Information of the Company as part of Executive’s employment. Executive acknowledges that the restrictive covenants contained in Section 5(b), for which he she received consideration from the Company as provided in Section 3, are ancillary to otherwise enforceable provisions of this Agreement with respect to the protection of Confidential Information, and that the restrictive covenants contain limitations, as applicable, as to time, geographical area and scope of activity to be restrained that are reasonable, and do not impose a greater restraint than is necessary to protect the good will or other business interests of the Company, such as the Company’s need to protect its Confidential Information.

Appears in 1 contract

Samples: Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv)

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