Common use of Restrictions Reasonable Clause in Contracts

Restrictions Reasonable. The Executive agrees that, given the Executive’s senior position with the Company, the Executive is a fiduciary of the Company. In particular, the Executive acknowledges that given the Executive’s significant and detailed knowledge of the Company’s specialized business and confidential competitive information, the Executive has the ability to seriously harm the interests of the Company by soliciting employees, service providers or clients of the Company. Furthermore, the Executive agrees that given the specialized nature of services provided by the Company, the Company has a limited potential client base. The Executive therefore acknowledges that all covenants and restrictions in this Agreement (including, without restriction, covenants and restrictions in Article 13) are reasonable and valid and all defences to the strict enforcement thereof by the Company are hereby waived. The Executive agrees not to assert that any covenant or provision in this Agreement is void or unenforceable. If any covenant or provision herein is determined to be void or unenforceable in whole or in part, it shall not be deemed to affect or impair the validity of any other covenant or provision.

Appears in 4 contracts

Samples: Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp), Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp), Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp)

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Restrictions Reasonable. The Executive agrees that, given the Executive’s 's senior position with the Company, the Executive is a fiduciary of the Company. In particular, the Executive acknowledges that given the Executive’s 's significant and detailed knowledge of the Company’s 's specialized business and confidential competitive information, the Executive has the ability to seriously harm the interests of the Company by soliciting employees, service providers or clients of the Company. Furthermore, the Executive agrees that given the specialized nature of services provided by the Company, the Company has a limited potential client base. The Executive therefore acknowledges that all covenants and restrictions in this Agreement (including, without restriction, covenants and restrictions in Article 13) are reasonable and valid and all defences to the strict enforcement thereof by the Company are hereby waived. The Executive agrees not to assert that any covenant or provision in this Agreement is void or unenforceable. If any covenant or provision herein is determined to be void or unenforceable in whole or in part, it shall not be deemed to affect or impair the validity of any other covenant or provision.

Appears in 3 contracts

Samples: Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp), Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp), Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp)

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