Common use of Modification of Covenants Clause in Contracts

Modification of Covenants. The restrictions against competition set forth in this Section 4 are considered by the parties to be reasonable for the purposes of protecting the business of the Company. However, if any such restriction is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

Appears in 11 contracts

Samples: Employment Agreement (Pathfinder Cell Therapy, Inc.), Employment Agreement (SyntheMed, Inc.), Employment Agreement (SyntheMed, Inc.)

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Modification of Covenants. The restrictions against competition set forth in this Section 4 6 are considered by the parties to be reasonable for the purposes of protecting the business of the Company. However, if any such restriction is found by any court of competent jurisdiction to be unenforceable because it extends exceeds for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities activities, or geographic area as to which it may be enforceable.

Appears in 2 contracts

Samples: Employment Agreement (Key Components LLC), Employment Agreement (Key Components LLC)

Modification of Covenants. The restrictions against competition set forth in this Section 4 are considered by the parties to be reasonable for the purposes of protecting the business of the Company. However, if any such restriction is found by any court of competent jurisdiction or the arbitrators described in Section 9(e)(ii) to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

Appears in 1 contract

Samples: Employment Agreement (Life Medical Sciences Inc)

Modification of Covenants. The restrictions against competition set forth in this Section 4 are considered by the parties to be reasonable for the purposes of protecting the business of the CompanyCompanies. However, if any such restriction is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

Appears in 1 contract

Samples: Employment Agreement (Key Components LLC)

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Modification of Covenants. The restrictions against competition set ------------------------- forth in this Section 4 are considered by the parties to be reasonable for the purposes of protecting the business of the Company. However, if any such restriction is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

Appears in 1 contract

Samples: Employment Agreement (Life Medical Sciences Inc)

Modification of Covenants. The restrictions against competition ------------------------- set forth in this Section 4 are considered by the parties to be reasonable for the purposes of protecting the business of the Company. However, if any such restriction is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

Appears in 1 contract

Samples: Employment Agreement (Life Medical Sciences Inc)

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