Common use of Value and Reasonableness Clause in Contracts

Value and Reasonableness. Executive understands and acknowledges that the Company has made substantial investments to develop its business interests, goodwill, and Confidential Information. Executive agrees that such investments are worthy of protection, and that the Company’s need for the protection afforded by this Section 10 is greater than any hardship Executive might experience by complying with its terms and that the restrictions contained herein are necessary to protect the Company’s legitimate business interests. Executive agrees that the limitations as to time, geographic area, and scope of activity to be restrained contained in this Agreement are reasonable and are not greater than necessary to protect the Confidential Information and/or the goodwill or other business interests of the Company.

Appears in 3 contracts

Samples: Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp)

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Value and Reasonableness. The Executive understands and acknowledges agrees that the Company has made Company’s substantial investments to develop in its business interests, goodwill, and Confidential Information. Executive agrees that such investments Information are worthy of protection, and that the Company’s need for the protection afforded by this Section 10 14 is greater than any hardship the Executive might experience by complying with its terms and that the restrictions contained herein are necessary to protect the Company’s legitimate business intereststerms. The Executive agrees that the limitations as to time, geographic area, time and scope of activity to be restrained contained in this Agreement are reasonable and are not greater than necessary to protect the Confidential Information and/or the Information, goodwill or and other legitimate business interests of the Company.

Appears in 3 contracts

Samples: Severance Agreement, Severance Agreement (Anadarko Petroleum Corp), Severance Agreement (Anadarko Petroleum Corp)

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Value and Reasonableness. Executive understands and acknowledges that the Company has made substantial investments to develop its business interests, goodwill, and Confidential Information. Executive agrees that such investments are worthy of protection, and that the Company’s need for the protection afforded by this Section 10 9 is greater than any hardship Executive might experience by complying with its terms and that the restrictions contained herein are necessary to protect the Company’s legitimate business intereststerms. Executive agrees that the limitations as to time, geographic area, and scope of activity to be restrained contained in this Agreement are reasonable and are not greater than necessary to protect the Confidential Information and/or the goodwill or other business interests of the CompanyCompany and its Affiliates.

Appears in 1 contract

Samples: Employment Agreement (Buckeye GP Holdings L.P.)

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