Extent of Restrictions. The Employee acknowledges that the restrictions contained in Section 5(a) correctly set forth the understanding of the parties at the time this Agreement is entered into, are reasonable and necessary to protect the legitimate interests of Hxxxx, the General Partner, and the Partnership, and that any violation will cause substantial injury to Hxxxx, the General Partner, and/or the Partnership. In the event of any such violation, Hxxxx, the General Partner, and/or the Partnership shall be entitled, in addition to any other remedy, to preliminary or permanent injunctive relief. If any court having jurisdiction shall find that any part of the restrictions set forth in this Agreement are unreasonable in any respect, it is the intent of the parties that the restrictions set forth herein shall not be terminated, but that this Agreement shall remain in full force and effect to the extent (as to time periods and other relevant factors) that the court shall find reasonable.
Appears in 2 contracts
Samples: Change in Control Agreement (Holly Corp), Change in Control Agreement (Holly Energy Partners Lp)
Extent of Restrictions. The Employee acknowledges that the restrictions contained in Section 5(a) correctly set forth the understanding of the parties at the time this Agreement is entered into, are reasonable and necessary to protect the legitimate interests of HxxxxXxxxx, the General Partner, and the Partnership, and that any violation will cause substantial injury to HxxxxXxxxx, the General Partner, and/or the Partnership. In the event of any such violation, HxxxxXxxxx, the General Partner, and/or the Partnership shall be entitled, in addition to any other remedy, to preliminary or permanent injunctive relief. If any court having jurisdiction shall find that any part of the restrictions set forth in this Agreement are unreasonable in any respect, it is the intent of the parties that the restrictions set forth herein shall not be terminated, but that this Agreement shall remain in full force and effect to the extent (as to time periods and other relevant factors) that the court shall find reasonable.
Appears in 1 contract
Samples: Change in Control Agreement (Holly Energy Partners Lp)
Extent of Restrictions. The Employee acknowledges that the restrictions contained in Section 5(a) correctly set forth the understanding of the parties at the time this Agreement is entered into, are reasonable and necessary to protect the legitimate interests of HxxxxHFC, the General Partner, and the Partnership, and that any violation will cause substantial injury to HxxxxHFC, the General Partner, and/or the Partnership. In the event of any such violation, HxxxxHFC, the General Partner, and/or the Partnership shall be entitled, in addition to any other remedy, to preliminary or permanent injunctive relief. If any court having jurisdiction shall find that any part of the restrictions set forth in this Agreement are unreasonable in any respect, it is the intent of the parties that the restrictions set forth herein shall not be terminated, but that this Agreement shall remain in full force and effect to the extent (as to time periods and other relevant factors) that the court shall find reasonable.
Appears in 1 contract
Samples: Change in Control Agreement (Holly Energy Partners Lp)