Common use of Reformation of Agreement Clause in Contracts

Reformation of Agreement. In the event that any of the covenants contained in this Section 7 may be found by a court of competent jurisdiction to be invalid or unenforceable as against public policy or otherwise, the parties hereto expressly authorize such court to exercise its discretion in rendering any such covenant to the end that the Employee shall be subject to the greatest extent permissible to covenants that are reasonable under the circumstances, enforceable by the Company and consistent with the Company's legitimate interests, which are hereby acknowledged by the parties hereto, in protecting the Company's and its affiliates' goodwill associated with the experience, skills and loyalty of the Employee and in protecting the value of its investment, through the acquisition of the assets of Seller and otherwise, in the business and assets of the Seller or any of its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Adac Laboratories)

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Reformation of Agreement. In the event that any of the ------------------------- covenants contained in this Section 7 6 may be found by a court of competent jurisdiction to be invalid or unenforceable as against public policy or otherwise, the parties hereto expressly authorize such court to exercise its discretion in rendering reforming any such covenant to the end that the Employee shall be subject to the greatest extent permissible to confidentiality and noncompetition covenants that are reasonable under the circumstances, enforceable by the Company Company, and consistent with the Company's legitimate interests, which are hereby interests (acknowledged by the parties hereto, parties) in protecting the Company's and its affiliates' goodwill associated with the experience, skills skills, and loyalty of the Employee and in with protecting the value of its investment, through the acquisition of the assets of Seller and otherwise, in the business and assets of the Seller or any of its affiliatesCompany.

Appears in 1 contract

Samples: Employment Agreement (Copley Pharmaceutical Inc)

Reformation of Agreement. In the event that any of the covenants ------------------------ contained in this Section 7 6 may be found by a court of competent jurisdiction to be invalid or unenforceable as against public policy or otherwise, the parties hereto expressly authorize such court to exercise its discretion in rendering reforming any such covenant to the end that the Employee shall be subject to the greatest extent permissible to confidentiality and noncompetition covenants that are reasonable under the circumstances, enforceable by the Company Company, and consistent with the Company's legitimate interests, which are hereby interests (acknowledged by the parties hereto, parties) in protecting the Company's and its affiliates' goodwill associated with the experience, skills skills, and loyalty of the Employee and in with protecting the value of its investment, through the acquisition of the assets of Seller and otherwise, in the business and assets of the Seller or any of its affiliatesCompany.

Appears in 1 contract

Samples: Employment Agreement (Copley Pharmaceutical Inc)

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Reformation of Agreement. In the event that any of the covenants contained in this Section 7 6 may be found by a court of competent jurisdiction to be invalid or unenforceable as against public policy or otherwise, the parties hereto expressly authorize such court to exercise its discretion in rendering any such covenant to the end that the Employee shall be subject to the greatest extent permissible to covenants that are reasonable under the circumstances, enforceable by the Company and consistent with the Company's legitimate interests, which are hereby acknowledged by the parties hereto, in protecting the Company's and its affiliates' goodwill associated with the experience, skills and loyalty of the Employee and in protecting the value of its investment, through the acquisition of the assets of Seller and otherwise, in the business and assets of the Seller or any of its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Adac Laboratories)

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