Common use of Reasonableness of Restrictive Covenants Clause in Contracts

Reasonableness of Restrictive Covenants. Executive acknowledges that the covenants contained in the preceding subsections of this Section 8 are reasonable in the scope of the activities restricted, the geographic area covered by the restrictions, and the duration of the restrictions, and that such covenants are reasonably necessary to protect the Company's legitimate interests in its Confidential Information and in its relationships with its employees, customers and suppliers. Executive further acknowledges such covenants are essential elements of this Agreement and that, but for such covenants, the Company would not have entered into this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Vibe Records, Inc. Nevada), Employment Agreement (Universal Property Development & Acquisition Corp), Employment Agreement (Universal Property Development & Acquisition Corp)

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Reasonableness of Restrictive Covenants. (a) Executive acknowledges that the covenants contained in the preceding subsections of this Section 8 8.1 are reasonable in the scope of the activities restricted, the geographic area covered by the restrictions, and the duration of the restrictions, and that such covenants are reasonably necessary to protect the Company's ’s legitimate interests in its Confidential Information and in its relationships with its employees, customers and suppliersInformation. Executive further acknowledges such covenants are essential elements of this Agreement and that, but for such covenants, the Company would not have entered into this Agreement. (b) The Company and Executive have each consulted with their respective legal counsel and have been advised concerning the reasonableness and propriety of such covenants.

Appears in 2 contracts

Samples: Change of Control Employment Agreement (McDonalds Corp), Change of Control Employee Agreement (McDonalds Corp)

Reasonableness of Restrictive Covenants. (a) Executive acknowledges that the covenants contained in the preceding subsections of this Section 8 8.1 are reasonable in the scope of the activities restricted, the geographic area covered by the restrictions, and the duration of the restrictions, and that such covenants are reasonably necessary to protect the Company's legitimate interests in its Confidential Information and in its relationships with its employees, customers and suppliersInformation. Executive further acknowledges such covenants are essential elements of this Agreement and that, but for such covenants, the Company would not have entered into this Agreement. (b) The Company and Executive have each consulted with their respective legal counsel and have been advised concerning the reasonableness and propriety of such covenants.

Appears in 1 contract

Samples: Change of Control Employment Agreement (McDonalds Corp)

Reasonableness of Restrictive Covenants. Executive acknowledges that the covenants contained in the preceding subsections of this Section 8 Sections 8.1, 8.2, 8.3 and 8.4 are reasonable in the scope of the activities restricted, the geographic area covered by the restrictions, and the duration of the restrictions, and that such covenants are reasonably necessary to protect the Company's legitimate interests of each of the Companies in its their respective Confidential Information and in its their relationships with its their employees, customers and suppliers. Executive further acknowledges such covenants are essential elements of this Agreement and that, but for such covenants, the Company would not have entered into this Agreement.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Principal Financial Group Inc)

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Reasonableness of Restrictive Covenants. Executive acknowledges that the covenants contained in the preceding subsections of this Section 8 are reasonable in the scope of the activities restricted, the geographic area covered by the restrictions, and the duration of the restrictions, and that such covenants are reasonably necessary to protect the Company's ’s legitimate interests in its Confidential Information and in its relationships with its employees, customers and suppliers. Executive further acknowledges such covenants are essential elements of this Agreement and that, but for such covenants, the Company would not have entered into this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Continental Fuels, Inc.)

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