Common use of Reasonableness of Restrictions Clause in Contracts

Reasonableness of Restrictions. Executive has carefully considered the nature and extent of the restrictions upon Executive and the rights and remedies conferred upon Nucor under Sections 10, 11, 12, 13, 14 and 17 and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of Executive’s inherent skill and experience, are reasonably required to protect the legitimate interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that Executive has had the opportunity to discuss this Agreement with such legal advisors as Executive chooses and that Executive understands its provisions and has entered into this Agreement freely and voluntarily.

Appears in 25 contracts

Samples: Executive Employment Agreement (Nucor Corp), Executive Employment Agreement (Nucor Corp), Executive Employment Agreement (Nucor Corp)

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Reasonableness of Restrictions. Executive has carefully considered the nature and extent of the restrictions upon Executive him and the rights and remedies conferred upon Nucor under Sections 8, 9, 10, 11, 12, 13, 14 13 and 17 15 and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of Executive’s his inherent skill and experience, are reasonably required to protect the legitimate interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that Executive he has had the opportunity to discuss this Agreement with such legal advisors as Executive he chooses and that Executive he understands its provisions and has entered into this Agreement freely and voluntarily.

Appears in 10 contracts

Samples: Executive Employment Agreement, Separation, Waiver and Release Agreement (Nucor Corp), Executive Employment Agreement (Nucor Corp)

Reasonableness of Restrictions. Executive has carefully considered the nature and extent of the restrictions upon Executive him and the rights and remedies conferred upon Nucor under Sections 10, 11, 12, 13, 14 13 and 17 15 and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of Executive’s his inherent skill and experience, are reasonably required to protect the legitimate interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that Executive he has had the opportunity to discuss this Agreement with such legal advisors as Executive he chooses and that Executive he understands its provisions and has entered into this Agreement freely and voluntarily.

Appears in 2 contracts

Samples: Executive Employment Agreement (Nucor Corp), Executive Employment Agreement (Nucor Corp)

Reasonableness of Restrictions. Executive has carefully considered the nature and extent of the restrictions upon Executive him and the rights and remedies conferred upon Nucor under Sections 8, 9, 10, 11, 12, 13, 14 12 and 17 15 and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of Executive’s his inherent skill and experience, are reasonably required to protect the legitimate interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that Executive he has had the opportunity to discuss this Agreement with such legal advisors as Executive he chooses and that Executive he understands its provisions and has entered into this Agreement freely and voluntarily.

Appears in 1 contract

Samples: Executive Employment Agreement (Nucor Corp)

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Reasonableness of Restrictions. Executive has carefully considered the nature and extent of the restrictions upon Executive and the rights and remedies conferred upon Nucor under Sections 10, 11, 12, 13, 14 and 17 and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of Executive’s inherent skill and experience, are reasonably required to protect the legitimate interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that Executive has had the opportunity to discuss this Agreement with such Agreement – Ford – EVP - 2023 legal advisors as Executive chooses and that Executive understands its provisions and has entered into this Agreement freely and voluntarily.

Appears in 1 contract

Samples: Executive Employment Agreement (Nucor Corp)

Reasonableness of Restrictions. Executive has carefully considered the nature and extent of the restrictions upon Executive her and the rights and remedies conferred upon Nucor under Sections 8, 9, 10, 11, 12, 13, 14 13 and 17 15 and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of Executive’s her inherent skill and experience, are reasonably required to protect the legitimate interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that Executive she has had the opportunity to discuss this Agreement with such legal advisors as Executive she chooses and that Executive she understands its provisions and has entered into this Agreement freely and voluntarily.

Appears in 1 contract

Samples: Executive Employment Agreement (Nucor Corp)

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