Reformation and Severability. If it is determined by a court, arbitrator, or other adjudicator of competent jurisdiction that any restriction in this Section 7 is excessive with respect to geographic area, duration, or scope or is otherwise unreasonable or unenforceable, it is the intention of the parties that such restriction may be modified or amended by the court, arbitrator, or adjudicator to render it enforceable to the maximum extent permitted by law. In the event that modification is not possible or that the applicable law does not permit such reformation, then the Executive and the Company agree that, because each of the Executive’s obligations in this Section 7 is a separate and independent covenant, any unenforceable obligation shall be severed and all remaining obligations shall be enforced.
Appears in 11 contracts
Samples: Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Taronis Fuels, Inc.), Employment Agreement (Laird Superfood, Inc.)
Reformation and Severability. If it is determined by a court, arbitrator, or other adjudicator of competent jurisdiction that any restriction in this Section 7 2 is excessive with respect to geographic area, duration, or scope or is otherwise unreasonable or unenforceable, it is the intention of the parties that such restriction may be modified or amended by the court, arbitrator, or adjudicator to render it enforceable to the maximum extent permitted by law. In the event that modification is not possible or that the applicable law does not permit such reformation, then the Executive and the Company agree that, because each of the Executive’s obligations in this Section 7 2 is a separate and independent covenant, any unenforceable obligation shall be severed and all remaining obligations shall be enforced.
Appears in 1 contract
Samples: Severance and Change of Control Letter Agreement (American Homes 4 Rent, L.P.)
Reformation and Severability. If it is determined by a court, arbitrator, or other adjudicator of competent jurisdiction that any restriction in this Section 7 8 is excessive with respect to geographic area, duration, or scope or is otherwise unreasonable or unenforceable, it is the intention of the parties that such restriction may be modified or amended by the court, arbitrator, or adjudicator to render it enforceable to the maximum extent permitted by law. In the event that modification is not possible or that the applicable law does not permit such reformation, then the Executive and the Company CFC agree that, because each of the Executive’s obligations in this Section 7 8 is a separate and independent covenant, any unenforceable obligation shall be severed and all remaining obligations shall be enforced.
Appears in 1 contract
Samples: Employment Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
