Common use of Periods of Noncompliance and Reasonableness of Periods Clause in Contracts

Periods of Noncompliance and Reasonableness of Periods. The Restrictive Covenants shall be deemed not to run during all periods of noncompliance, the intention of the parties being to have such restrictions and covenants apply for the full periods specified in this Section 6 following the Termination of Employment with the Employer for any reason. The Employer and the Executive acknowledge and agree that the Restrictive Covenants are reasonable in view of the nature of the Employer’s Business and the Executive’s advantageous knowledge of and familiarity with the Employer’s Business, operations, affairs, and customers.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (Bear State Financial, Inc.), Change in Control Severance Agreement (Bear State Financial, Inc.), Change in Control Severance Agreement (Bear State Financial, Inc.)

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Periods of Noncompliance and Reasonableness of Periods. The Restrictive Covenants shall be deemed not to run during all periods of noncompliance, the intention of the parties being to have such restrictions and covenants apply for the full periods specified in this Section 6 following the Termination of Employment with the Employer Company for any reason. The Employer Company and the Executive acknowledge and agree that the Restrictive Covenants are reasonable in view of the nature of the Employer’s 's Business and the Executive’s 's advantageous knowledge of and familiarity with the Employer’s 's Business, operations, affairs, and customers.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Bear State Financial, Inc.), Change in Control Severance Agreement (Bear State Financial, Inc.)

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Periods of Noncompliance and Reasonableness of Periods. The Restrictive Covenants shall be deemed not to run during all periods of noncompliance, the intention of the parties being to have such restrictions and covenants apply for the full periods specified in this Section 6 following the Termination of Employment with the Employer Company for any reason. The Employer Company and the Executive acknowledge and agree that the Restrictive Covenants are reasonable in view of the nature of the Employer’s Business and the Executive’s advantageous knowledge of and familiarity with the Employer’s Business, operations, affairs, and customers.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Bear State Financial, Inc.)

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