Common use of Reasonable and Necessary Restrictions Clause in Contracts

Reasonable and Necessary Restrictions. Executive acknowledges that the restrictions, prohibitions and other provisions hereof, including, without limitation, the Restricted Period set forth in Section 5.4, are reasonable, fair and equitable in terms of duration, scope and geographic area, as are necessary to protect the legitimate business interests of the Company, the Operating Partnership and the Employer, and are a material inducement to the Company, the Operating Partnership and the Employer to enter into this Agreement.

Appears in 9 contracts

Samples: Employment Agreement (QTS Realty Trust, Inc.), Employment Agreement (QualityTech, LP), Employment Agreement (QualityTech, LP)

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Reasonable and Necessary Restrictions. Executive acknowledges that the restrictions, prohibitions and other provisions hereof, including, without limitation, the Restricted Period set forth in Section 5.4, are reasonable, fair and equitable in terms of duration, scope and geographic area, as are necessary to protect the legitimate business interests of the Company, the Operating Partnership and the EmployerQuality Companies, and are a material inducement to the Company, the Operating Partnership Company and the Employer QTS LLC to enter into this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (QualityTech, LP), Employment Agreement (Quality Investment Properties Irving II, LLC), Employment Agreement (QTS Realty Trust, Inc.)

Reasonable and Necessary Restrictions. The Executive acknowledges that the restrictions, prohibitions and other provisions hereof, including, without limitation, the Restricted Period set forth in Section 5.41, are reasonable, fair and equitable in terms of duration, scope and geographic area, as are necessary to protect the legitimate business interests of the Company, the Operating Partnership and the EmployerQuality, and are a material inducement to the Company, the Operating Partnership GP and the Employer OP to enter into this Agreement and the Employment Agreement.

Appears in 2 contracts

Samples: Non Competition Agreement (QTS Realty Trust, Inc.), Non Competition Agreement (QTS Realty Trust, Inc.)

Reasonable and Necessary Restrictions. Executive acknowledges that the restrictions, prohibitions and other provisions hereof, including, without limitation, the Restricted Period set forth in Section 5.4, are reasonable, fair and equitable in terms of duration, scope and geographic area, as are necessary to protect the legitimate business interests of the Company, the Operating Partnership and the EmployerQuality Companies, and are a material inducement to the Company, the Operating Partnership General Partner and the Employer QTS LLC to enter into this Agreement.

Appears in 1 contract

Samples: Employment Agreement (QTS Realty Trust, Inc.)

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Reasonable and Necessary Restrictions. Executive acknowledges that the restrictions, prohibitions and other provisions hereof, including, without limitation, the Restricted Period set forth in Section 5.4, are reasonable, fair and equitable in terms of duration, scope and geographic area, as are necessary to protect the legitimate business interests of the Company, the Operating Partnership and the EmployerQTS Companies, and are a material inducement to the Company, the Operating Partnership and the Employer to enter into this Agreement.

Appears in 1 contract

Samples: Employment Agreement (QualityTech, LP)

Reasonable and Necessary Restrictions. Executive acknowledges that the restrictions, prohibitions and other provisions hereof, including, without limitation, the Restricted Period set forth in of this Section 5.4, 5 are reasonable, fair and equitable in scope, terms of and duration, scope and geographic area, as are necessary to protect the legitimate business interests of the Company, the Operating Partnership and the Employer, and are a material inducement to the Company, the Operating Partnership and the Employer Company to enter into this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

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