Common use of Reasonableness of Provisions Clause in Contracts

Reasonableness of Provisions. The Participant agrees that: (a) the terms and provisions of this Agreement are reasonable and constitute an otherwise enforceable agreement to which the terms and provisions of this Paragraph C are ancillary or a part of; (b) the consideration provided by the Company under this Agreement is not illusory; (c) the restrictions contained in this Paragraph C are necessary and reasonable for the protection of the legitimate business interests and goodwill of the Company; and (d) the consideration given by the Company under this Agreement, including, without limitation, the provision by the Company of Confidential Information to the Participant, gives rise to the Company’s interest in the covenants set forth in this Paragraph C.

Appears in 21 contracts

Samples: Terms and Conditions (Pepsico Inc), Terms and Conditions (Pepsico Inc), Performance Stock (Pepsico Inc)

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Reasonableness of Provisions. The Participant agrees that: (a) the terms and provisions of this Agreement are reasonable and constitute an otherwise enforceable agreement to which the terms and provisions of this Paragraph C B are ancillary or a part of; (b) the consideration provided by the Company under this Agreement is not illusoryillusory but are in fact material and considerable; (c) the restrictions contained in this Paragraph C Section B are necessary and reasonable for the protection of the legitimate business interests and goodwill of the Company; and (d) the consideration given by the Company under this Agreement, including, without limitation, the provision by the Company of Confidential Information to the Participant, gives all give rise to the Company’s 's reasonable interest in requiring the Participant to comply with the covenants set forth in this Paragraph C.Section B.

Appears in 3 contracts

Samples: Employment Agreement (Sucampo Pharmaceuticals, Inc.), Stock Option Agreement Terms and Conditions (Sucampo Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Sucampo Pharmaceuticals, Inc.)

Reasonableness of Provisions. The Participant agrees that: (a) the terms and provisions of this Agreement are reasonable and constitute an otherwise enforceable agreement to which the terms and provisions of this Paragraph C B are ancillary or a part of; (b) the consideration provided by the Company under this Agreement is not illusory; (c) the restrictions contained in this Paragraph C B are necessary and reasonable for the protection of the legitimate business interests and goodwill of the Company; and (d) the consideration given by the Company under this Agreement, including, without limitation, the provision by the Company of Confidential Information to the Participant, gives rise to the Company’s interest in the covenants set forth in this Paragraph C.B.

Appears in 3 contracts

Samples: Pepsico Restricted Stock (Pepsico Inc), Pepsico Stock Option Retention Award (Pepsico Inc), Pepsico Pro (Pepsico Inc)

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Reasonableness of Provisions. The Participant agrees that: (a) the terms and provisions of this Agreement and the Plan are reasonable and constitute an otherwise enforceable agreement to which the terms and provisions of this Paragraph C B are ancillary or a part of; (b) the consideration provided by the Company under this Agreement is not illusoryillusory but is in fact material and considerable; (c) the restrictions contained in this Paragraph C Section B are necessary and reasonable for the protection of the legitimate business interests and goodwill of the Company; and (d) the consideration given by the Company under this Agreement, including, without limitation, the provision by the Company of Confidential Information to the Participant, Agreement gives rise to the Company’s reasonable interest in requiring the Participant to comply with the covenants set forth in this Paragraph C.Section B.

Appears in 1 contract

Samples: Stock Option Award Agreement (Osiris Therapeutics, Inc.)

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