Common use of Reasonableness Clause in Contracts

Reasonableness. Employee and the Company agree and acknowledge that the limitations as to time, geographical area and scope of activity to be restrained as set forth in this Section 7 are the result of arm’s-length bargaining, are fair and reasonable, and do not impose any greater restraint than is necessary to protect the legitimate business interests of the Company in light of (i) the nature and wide geographic scope of the Company’s operations; (ii) Employee’s level of control over and contact with the Company’s business in the Restricted Area; (iii) the fact that the Company’s business is conducted throughout the Restricted Area; and (iv) the amount of compensation that Employee is receiving in connection with the performance of his duties hereunder.

Appears in 28 contracts

Samples: Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De)

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Reasonableness. Employee and the Company agree and acknowledge that the limitations as to time, geographical area and scope of activity to be restrained as set forth in this Section 7 8 are the result of arm’s-length bargaining, are fair and reasonable, and do not impose any greater restraint than is necessary to protect the legitimate business interests of the Company in light of (i) the nature and wide geographic scope of the Company’s operations; (ii) Employee’s level of control over and contact with the Company’s business in the Restricted Area; (iii) the fact that the Company’s business is conducted throughout the Restricted Area; and (iv) the amount of compensation consideration that Employee is receiving in connection with the performance of his duties hereunder.

Appears in 17 contracts

Samples: Employment Agreement (Oasis Petroleum Inc.), Employment Agreement (Oasis Petroleum Inc.), Employment Agreement (Oasis Petroleum Inc.)

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Reasonableness. Employee and the Company agree and acknowledge that the limitations as to time, geographical area and scope of activity to be restrained as set forth in this Section 7 are the result of arm’sarm's-length bargaining, are fair and reasonable, and do not impose any greater restraint than is necessary to protect the legitimate business interests of the Company in light of (i) the nature and wide geographic scope of the Company’s 's operations; (ii) Employee’s 's level of control over and contact with the Company’s 's business in the Restricted Area; (iii) the fact that the Company’s 's business is conducted throughout the Restricted Area; and (iv) the amount of compensation that Employee is receiving in connection with the performance of his duties hereunder.

Appears in 3 contracts

Samples: Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De)

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