Common use of MODIFICATION OF RESTRICTION Clause in Contracts

MODIFICATION OF RESTRICTION. The post-employment restrictive covenants contained in Section 9 of this Agreement are intended to limit Employee’s right to compete only to the extent necessary to protect the Employer’s business and goodwill. The parties hereto agree that if any post-employment restrictive covenant set forth in Section 9 herein is found to be unreasonable as to scope, time period, territorial restraint or otherwise by a court of competent jurisdiction, then Employee and Employer agree and submit to the reduction thereof to such scope, time period or territory as is deemed reasonable by such court.

Appears in 4 contracts

Samples: Severance Agreement (State National Companies, Inc.), Severance Agreement (State National Companies, Inc.), Severance Agreement (State National Companies, Inc.)

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