Reasonable Terms. Employee acknowledges and agrees that the restrictive covenants contained in this Agreement have been reviewed by Employee with the benefit of counsel and that such covenants are reasonable in all of the circumstances for the protection of the legitimate interests of the Company.
Reasonable Terms. Employee agrees that the geographic areas, duration and scope of activities outlined in this Agreement are reasonable under the circumstances. Employee further agrees that such terms are no broader than necessary to protect the Company’s business and maintain the confidentiality of the Confidential Information. Employee further agrees that the terms of this Agreement are not oppressive and will not impose an unreasonable burden or restraint on Employee.
Reasonable Terms. By execution below, Employee agrees that the geographic areas, duration and scope of activities outlined in this Section 5 are reasonable. Employee further agrees that (a) such terms are no broader than necessary to protect the Company’s business, (b) such terms are necessary to protect and maintain the Company’s interest in Confidential Information with respect to which Employee has or shall have access, and (c) such terms are not oppressive and will not impose an unreasonable burden or restraint on Employee. The Company agrees that the provisions of this Section 5 shall not be construed to prohibit the acquisition by Employee of less than 5% of any class of securities issued by a publicly traded company.
Reasonable Terms. The Employee has carefully considered the nature and extent of the restrictions upon him and the rights and remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which otherwise would be unfair to the Company, do not stifle the inherent skill and experience of the Employee, are fully required to protect the legitimate interests of the Company, and do not confer a benefit upon the Company disproportionate to the detriment of the Employee.
Reasonable Terms. Executive acknowledges and agrees that the provisions outlined in this Section 8 above are reasonable limitations as to the time, geographic area, and scope of activity to be restrained and are no greater than necessary to protect the legitimate business interests of Employer, including the interest of Employer in protecting and preserving the value of its Confidential Information and the relationships with customers, clients, suppliers, employees, and prospects developed by or on behalf of Employer.
Reasonable Terms. (a) LCI and Xxxxxx Enterprises acknowledge and agree that the covenants set forth in this Article XV are reasonable in geographical and temporal scope and in all other respects and that the other Parties would not have entered into this Agreement but for the covenants contained in this Article XV.
(b) If, at the time of enforcement of this Article XV, a court shall hold that the duration, scope, or area restrictions stated herein are unreasonable under the circumstances then existing, the Parties agree that the maximum duration, scope, or area reasonable under such circumstances shall be substituted for the stated duration, scope, or area.
(c) LCI and Xxxxxx Enterprises recognize and affirm that in the event of a breach of any provision of this Article XV the exercise of the Call under Section 8.7 and money damages would both be inadequate and the damaged party would have no adequate remedy at law. Accordingly, the Company and the Parties hereto shall have the right, in addition to any other rights and remedies existing in their favor, to enforce their rights under this Article XV not only by the exercise of the Call under Section 8.7 and an action or actions for damages, but also by an action or actions for specific performance, injunction and/or equitable relief in order to enforce or prevent any violations (whether anticipatory, continuing or future) of the provisions of this Article XV.
Reasonable Terms. Consultant acknowledges and agrees that the restrictive covenants contained in this Agreement have been reviewed by Consultant with the benefit of counsel and that such covenants are reasonable in all of the circumstances for the protection of the legitimate interests of the Company.
Reasonable Terms. The Company has bargained for the covenants set forth in this Agreement in consideration for the experience, knowledge and information the Executive will gain and the substantial compensation the Executive will earn under this Agreement. The Executive acknowledges that the covenants set forth in this Agreement will not in any way preclude the Executive, upon termination of this Agreement, from engaging in a lawful profession, trade or business.
Reasonable Terms. The Company has bargained for the covenants set forth in this Agreement in consideration for the experience, knowledge and information Chalk will gain and the substantial compensation Chalk will earn under this Agreement. Chalk acknowledges that the covenants set forth in this Agreement will not in any way preclude Chalk, upon termination of this Agreement, from engaging in a lawful profession, trade or business.
Reasonable Terms. In connection with any underwritten offering, the Company shall not be required under this Article 12 to include any Class B Common Stock owned by any Participating Stockholder other than on the terms of the underwriting of such offering that have been reasonably agreed upon between the Company and the underwriters; provided, that, in any such underwriting the Company and all Participating Stockholders, subject to the other provisions hereof, shall be treated substantially similarly.
