Common use of Legitimate Purpose Clause in Contracts

Legitimate Purpose. The Employee has read carefully all of the terms and conditions of this Section 11 and agrees that the restraints set forth herein (i) are reasonable and necessary to support the legitimate business interests and goodwill of the Company, and (ii) will not preclude the Employee from earning a livelihood during the life of this Section 11.

Appears in 2 contracts

Samples: Employment Agreement (Neoforma Com Inc), Securities Purchase Agreement (Neoforma Com Inc)

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Legitimate Purpose. The Employee has read carefully all of the terms and conditions of this Section 11 12 and agrees that the restraints set forth herein (i) are reasonable and necessary to support the legitimate business interests and goodwill of the CompanyEmployer, and (ii) will not preclude the Employee from earning a livelihood during the life of this Section 1112.

Appears in 2 contracts

Samples: Employment Agreement (Activeworlds Com Inc), Employment Agreement (Activeworlds Com Inc)

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