Common use of Reasonableness of Terms Clause in Contracts

Reasonableness of Terms. The Employer and the Employee stipulate and agree that the terms and covenants contained in Section 11 and Section 12 herein are fair and reasonable in all respects, including the time period and geographical coverage in Section 11, and that these restrictions are designed for the reasonable protection of the Employer's business and Employer's legitimate interests therein. In the event that these restrictions are found to be overly broad or unreasonable, the Employer and the Employee agree that such restrictions shall be severable and enforceable on such modified terms as may be deemed reasonable and enforceable by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Employment Agreement (Hammond Residential LLC), Employment Agreement (Hammond Residential LLC), Employment Agreement (Horseshoe Gaming Holding Corp)

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Reasonableness of Terms. The Employer and the Employee stipulate and agree that the terms and covenants contained in Section 11 10 and Section 12 11 herein are fair and reasonable in all respects, including the time period and geographical coverage in Section 1110, and that these restrictions are designed for the reasonable protection of the Employer's business and Employer's legitimate interests therein. In the event that these restrictions are found to be overly broad or unreasonable, the Employer and the Employee agree that such restrictions shall be severable and enforceable on such modified terms as may be deemed reasonable and enforceable by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Employment Agreement (Horseshoe Gaming Holding Corp), Employment Agreement (Horseshoe Gaming Holding Corp)

Reasonableness of Terms. The Employer and the Employee stipulate and agree that the terms and covenants contained in Section 11 10 and Section 12 11 herein are fair and reasonable in all respects, including the time period and geographical coverage in Section 1110, and that these restrictions are designed for the reasonable protection of the Employer's business and Employer's legitimate interests therein, do not stifle the inherent skills or experience of Employee and would not operate as a bar to Employee's sole means of earning wages. In the event that these restrictions are found to be overly broad or unreasonable, the Employer and the Employee agree that such restrictions shall be severable and enforceable on such modified terms as may be deemed reasonable and enforceable by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Employment Agreement (Horseshoe Gaming Holding Corp), Employment Agreement (Horseshoe Gaming Holding Corp)

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Reasonableness of Terms. The Employer and the Employee stipulate and agree that the terms and covenants contained in Section 11 10 and Section 12 11 herein are fair and reasonable in all respects, including the time period and geographical coverage in Section 1110, and that these restrictions are designed for the reasonable protection of the Employer's business and Employer's legitimate interests therein, do not stifle the inherent skills or experience of Employee and would not operate as a bar to Employee's sole means of earning wages. In the event that these restrictions are found to be overly broad or unreasonable, the Employer and the Employee agree that such restrictions shall be severable and enforceable on such modified terms as may be deemed reasonable and enforceable by a court of competent jurisdiction.

Appears in 1 contract

Samples: Employment Agreement (Horseshoe Gaming Holding Corp)

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