Common use of Acknowledgment of Restrictions Clause in Contracts

Acknowledgment of Restrictions. The Company and the Executive acknowledge the restrictions contained in subsections 11(a) and 11(b) above to be reasonable for the purpose of preserving the Company's proprietary rights and interests and that the consideration therefor is comprised of the payments made hereunder and the mutual promises contained herein. If a court makes a final judicial determination that any such restrictions are unreasonable or otherwise unenforceable against the Executive, the Executive and the Company hereby authorize such court to amend this Agreement so as to produce the broadest, legally enforceable agreement and for this purpose the restrictions on time period, geographical area and scope of activities set forth in said subsection 11(a) above are divisible; if the court refuses to do so, the Executive and the Company hereby agree to modify the provision or provisions held to be unenforceable to preserve each party's anticipated benefits thereunder.

Acknowledgment of Restrictions. The Company and the Executive acknowledge the restrictions contained in subsections 11(a13(a) and 11(b13(b) above to be reasonable for the purpose of preserving the Company's ’s proprietary rights and interests and that the consideration therefor is comprised of the payments made hereunder and the mutual promises contained herein. If a court makes a final judicial determination that any such restrictions are unreasonable or otherwise unenforceable against the Executive, the Executive and the Company hereby authorize such court to amend this Agreement so as to produce the broadest, legally enforceable agreement and for this purpose the restrictions on time period, geographical area and scope of activities set forth in said subsection 11(a13(a) above are divisible; if the court refuses to do so, the Executive and the Company hereby agree to modify the provision or provisions held to be unenforceable to preserve each party's ’s anticipated benefits thereunder.