Common use of Reformation of Agreement Clause in Contracts

Reformation of Agreement. If any of the covenants contained in this Agreement shall be found by a court of competent jurisdiction to be invalid or unenforceable for any reason, such court shall exercise its discretion to reform such covenant to the end that Employee shall be subject to nondisclosure, noninterference and noncompetition covenants that are reasonable under the circumstances and are enforceable by Buyer.

Appears in 1 contract

Samples: Noncompetition and Nondisclosure Agreement (Energy West Inc)

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Reformation of Agreement. If In the event that any of the covenants contained in this Agreement Sections 5.1 or 5.2 of any portion thereof, shall be found by a court of competent jurisdiction to be invalid or unenforceable for any reasonas against public policy, such court shall exercise its discretion to reform in reforming such covenant to the end that the Employee shall be subject to nondisclosure, noninterference non-solicitation and noncompetition non-competition covenants that are reasonable under the circumstances and are enforceable by Buyerthe Company.

Appears in 1 contract

Samples: Change of Control Agreement (GLB Bancorp Inc)

Reformation of Agreement. If any of the covenants contained in this Agreement shall be Section 7, or any portion thereof, is found by a court of competent jurisdiction to be invalid or unenforceable as against public policy or for any other reason, such court shall exercise its discretion to reform such covenant to the end that Employee each Seller shall be subject to nondisclosure, noncompetition, noninterference and noncompetition covenants or other covenants, as applicable, that are reasonable under the circumstances and are enforceable by Buyer.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (CRAWFORD UNITED Corp)

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Reformation of Agreement. If In the event that any of the covenants contained in this Agreement Sections 5.1, 5.2 or 5.3 of any portion thereof, shall be found by a court of competent jurisdiction to be invalid or unenforceable for any reasonas against public policy, such court shall exercise its discretion to reform in reforming such covenant to the end that Employee the Executive shall be subject to nondisclosure, noninterference non-solicitation and noncompetition non-competition covenants that are reasonable under the circumstances and are enforceable by Buyerthe Company.

Appears in 1 contract

Samples: Employment Agreement (Corning Natural Gas Corp)

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