Common use of Reasonable and Necessary Clause in Contracts

Reasonable and Necessary. Employee agrees that the covenants provided for in this Section 8 are reasonable and necessary to protect the Company and its confidential information, goodwill and other legitimate business interests and, without such protection, the Company’s customer and client relationships and competitive advantage would be materially adversely affected. Employee agrees that the provisions of this Section 8 are an essential inducement to the Company to enter into this Agreement and they are in addition to, rather than in lieu of, any similar or related covenants with the Company to which Employee may be bound. Employee further acknowledges that the restrictions contained in this Section 8 shall not impose an undue hardship on Employee since Employee has general business skills which may be used in industries other than that in which the Company conducts its business and shall not deprive Employee of Employee’s livelihood. In exchange for Employee agreeing to be bound by these reasonable and necessary covenants, the Company is providing Employee with the benefits as set forth in this Agreement. Employee acknowledges and agrees that these benefits constitute full and adequate consideration for Employee’s obligations hereunder.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Patterson Companies, Inc.), Restricted Stock Unit Agreement (Patterson Companies, Inc.)

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Reasonable and Necessary. Employee agrees that the covenants provided for in this Section 8 are reasonable and necessary to protect the Company and its confidential information, goodwill and other legitimate business interests and, without such protection, the Company’s 's customer and client relationships and EXHIBIT 10.11 competitive advantage would be materially adversely affected. Employee agrees that the provisions of this Section 8 are an essential inducement to the Company to enter into this Agreement and they are in addition to, rather than in lieu of, any similar or related covenants with the Company to which Employee may be bound. Employee further acknowledges that the restrictions contained in this Section 8 shall not impose an undue hardship on Employee since Employee has general business skills which may be used in industries other than that in which the Company conducts its business and shall not deprive Employee of Employee’s 's livelihood. In exchange for Employee agreeing to be bound by these reasonable and necessary covenants, the Company is providing Employee with the benefits as set forth in this Agreement. Employee acknowledges and agrees that these benefits constitute full and adequate consideration for Employee’s 's obligations hereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Patterson Companies, Inc.)

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Reasonable and Necessary. Employee agrees that the covenants provided for in this Section 8 are reasonable and necessary to protect the Company and its confidential information, goodwill and other legitimate business interests and, without such protection, the Company’s 's customer and client relationships and competitive advantage would be materially adversely affected. Employee agrees that the provisions of this Section 8 are an essential inducement to the Company to enter into this Agreement and they are in addition to, rather than in lieu of, any similar or related covenants with the Company to which Employee may be bound. Employee further acknowledges that the restrictions contained in this Section 8 shall not impose an undue hardship on Employee since Employee has general business skills which may be used in industries other than that in which the Company conducts its business and shall not deprive Employee of Employee’s 's livelihood. In exchange for Employee agreeing to be bound by these reasonable and necessary covenants, the Company is providing Employee with the benefits as set forth in this Agreement. Employee acknowledges and agrees that these benefits constitute full and adequate consideration for Employee’s 's obligations hereunder.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Patterson Companies, Inc.)

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