Common use of Reasonable and Necessary Clause in Contracts

Reasonable and Necessary. You have had the opportunity to consult with your own legal counsel regarding the Restrictive Covenants and agree that the Restrictive Covenants are reasonable in terms of duration, scope and area restrictions and are necessary to protect the goodwill of the Company’s businesses and agree not to challenge the validity or enforceability of the Restrictive Covenants. You agree that the provisions of this Section III 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 you may be bound.

Appears in 3 contracts

Samples: Long Term Incentive Plan Award Agreement (Citizens Community Bancorp Inc.), Long Term Incentive Plan Award Agreement (Citizens Community Bancorp Inc.), Long Term Incentive Plan Award Agreement (Citizens Community Bancorp Inc.)

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Reasonable and Necessary. You have had the opportunity to consult with your own legal counsel regarding the Restrictive Covenants and agree that the Restrictive Covenants are reasonable in terms of duration, scope and area restrictions and are necessary to protect the goodwill of the Company’s businesses and agree not to challenge the validity or enforceability of the Restrictive Covenants. You agree that the provisions of this Section III 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 you may be bound.addition

Appears in 1 contract

Samples: Long Term Incentive Plan Award Agreement (Citizens Community Bancorp Inc.)

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