Common use of Reasonable Protection Clause in Contracts

Reasonable Protection. The Company and the Employee agree that, during the period of the Employee’s employment with the Company Group, (i) the Employee will have a prominent role in the management of the business, and the development of the goodwill, of the Company Group, and will obtain Confidential Information that could be used to compete unfairly against members of the Company Group and their respective Affiliates and (ii) the covenants and restrictions contained in this Section 5 are necessary for the protection of the business and goodwill of the Company Group and the Employee considers them to be reasonable for such purpose.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Hd Supply, Inc.), Restricted Stock Agreement (Hd Supply, Inc.), Restricted Stock Agreement (Hd Supply, Inc.)

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Reasonable Protection. The Company and the Employee agree that, during the period of the Employee’s employment with the Company Group, (i) the Employee will have a prominent role in the management of the business, and the development of the goodwill, of the Company Group, and will obtain Confidential Information that could be used to compete unfairly against members of the Company Group and their respective Affiliates and (ii) the covenants and restrictions contained in this Section 5 7 are necessary for the protection of the business and goodwill of the Company Group and the Employee considers them to be reasonable for such purpose.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Hd Supply, Inc.)

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Reasonable Protection. The Company and the Employee agree that, during the period of the Employee’s employment with the Company GroupCompany, (i) the Employee will have a prominent role in the management of the business, and the development of the goodwill, of the Company GroupCompany, and will obtain Confidential Information that could be used to compete unfairly against members of the Company Group and their respective Affiliates and (ii) the covenants and restrictions contained in this Section 5 6 are necessary for the protection of the business and goodwill of the Company Group and the Employee considers them to be reasonable for such purpose.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Hd Supply, Inc.)

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