Reduced Scope. If any court or other decision-maker of competent jurisdiction determines that any of the Optionee’s covenants contained in Section 16 of this Agreement is unenforceable because of the duration or scope of such provision, then, after such determination has become final and nonappealable, the duration or scope of such provision, as the case may be, shall be reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then be enforceable and shall be enforced.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co), Non Qualified Stock Option Agreement (Wilson Bank Holding Co), Non Qualified Stock Option Agreement (Wilson Bank Holding Co)
Reduced Scope. If any court or other decision-maker of competent jurisdiction determines that any of the OptioneeGrantee’s covenants contained in Section 16 of this Agreement is unenforceable because of the duration or scope of such provision, then, after such determination has become final and nonappealable, the duration or scope of such provision, as the case may be, shall be reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then be enforceable and shall be enforced.
Appears in 2 contracts
Samples: Stock Appreciation Right Agreement (Wilson Bank Holding Co), Settled Stock Appreciation Right Agreement (Wilson Bank Holding Co)
