Common use of Reasonable and Necessary Restrictions and Non-Disparagement Clause in Contracts

Reasonable and Necessary Restrictions and Non-Disparagement. Executive acknowledges that the restrictions, prohibitions and other provisions set forth in this Agreement, including without limitation the Territory and Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this Agreement. Executive covenants that Executive will not challenge the enforceability of this Agreement nor will Executive raise any equitable defense to its enforcement. Further, Executive and SunTrust each agree not to knowingly make false or materially misleading statements or disparaging comments about the other during the Restricted Period.

Appears in 11 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

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Reasonable and Necessary Restrictions and Non-Disparagement. Executive acknowledges that the restrictions, prohibitions and other provisions set forth in this Agreement, including without limitation the Territory and Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this Agreement. Executive covenants that Executive will not challenge the enforceability of this Agreement nor will Executive raise any equitable defense to its enforcement. Further, Executive and SunTrust each agree not to knowingly make false or materially misleading statements or disparaging comments about the other during the Restricted Period.

Appears in 3 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Waiver and Release Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

Reasonable and Necessary Restrictions and Non-Disparagement. The Executive acknowledges that the restrictions, prohibitions and other provisions set forth in this Agreement, including without limitation the Territory and Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this Agreementprovide the benefits under the Plan. The Executive covenants that Executive he will not challenge the enforceability of this Agreement these Restrictive Covenants nor will Executive he raise any equitable defense to its enforcement. Further, the Executive and SunTrust each agree not to knowingly make false or materially misleading statements or disparaging comments about the other during the Restricted Period.

Appears in 1 contract

Samples: Suntrust Banks Inc

Reasonable and Necessary Restrictions and Non-Disparagement. Executive acknowledges that the restrictions, prohibitions and other provisions set forth in this Agreement, including without limitation the Territory and Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this Agreement. Executive covenants that Executive will not challenge the enforceability of this Agreement nor will Executive raise any equitable defense to its enforcement. Further, Executive and SunTrust each agree not to knowingly make false or materially misleading statements or disparaging comments about the other during the Restricted Period. ss. 8.

Appears in 1 contract

Samples: Change in Control Agreement (Suntrust Banks Inc)

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Reasonable and Necessary Restrictions and Non-Disparagement. The Executive acknowledges that the restrictions, prohibitions and other provisions set forth in this Agreement, including without limitation the Territory and Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this Agreementprovide the benefits under the Plan. The Executive covenants that Executive he will not challenge the enforceability of this Agreement these Restrictive Covenants nor will Executive he raise any equitable defense to its enforcement. Further, the Executive and SunTrust each agree not to knowingly make false or materially misleading statements or disparaging comments about the other during the Restricted Period.

Appears in 1 contract

Samples: Suntrust Banks Inc

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