Common use of Blue Pencil Rule Clause in Contracts

Blue Pencil Rule. The Executive and the Company desire that the provisions of this Article 4 be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. The parties agree that Executive is a key executive of the Company. If a court of competent jurisdiction, however, determines that any restrictions imposed on the Executive in this Article 4 are unreasonable or unenforceable because of duration, geographic area or otherwise, the Executive and Company agree and intend that the court shall enforce this Article 4 to the maximum extent the court deems reasonable and that the court shall have the right to strike or change any provisions of this Article 4 and substitute therefore different provisions to effect the intent of this Article 4 to the maximum extent possible.

Blue Pencil Rule. The Executive and the Company Employer desire that the provisions of this Article Section 4 be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. The parties agree that Executive is a key executive of the CompanyEmployer. If a court of competent jurisdiction, however, determines that any restrictions imposed on the Executive in this Article Section 4 are unreasonable or unenforceable because of duration, geographic area or otherwise, the Executive and Company Employer agree and intend that the court shall enforce this Article Section 4 to the maximum extent the court deems reasonable and that the court shall have the right to strike or change any provisions of this Article Section 4 and substitute therefore therefor different provisions to effect the intent of this Article Section 4 to the maximum extent possible.

Blue Pencil Rule. The Executive and the Company desire that the provisions of this Article 4 be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. The parties agree that Executive is a key executive of the Company. If a court of competent jurisdiction, however, determines that any restrictions imposed on the Executive in this Article 4 are unreasonable or unenforceable because of duration, geographic area or otherwise, the Executive and Company agree and intend that the court shall enforce this Article 4 to the maximum extent the court deems reasonable and that the court shall have the right to strike or change any provisions of this Article 4 and substitute therefore therefor different provisions to effect the intent of this Article 4 to the maximum extent possible.