Common use of Covenants are Reasonable Clause in Contracts

Covenants are Reasonable. Employee acknowledges and agrees that the covenants in this Agreement are necessary and essential to protect the Company’s Confidential Information, Trade Secrets and the goodwill in its customers and employees; the area, duration and scope of the covenants in this Agreement are reasonable and necessary to protect the Company; they do not unduly oppress or restrict Employee’s ability to earn a livelihood in Employee’s chosen profession; they are not an undue restraint on Employee’s trade or any of the public interests that may be involved; good and valuable consideration exists for Employee’s agreement to be bound by such covenants; and the Company has a legitimate business purpose in requiring Employee to abide by the covenants set forth in this Agreement.

Appears in 2 contracts

Sources: Retirement and Continued Vesting Agreement (EnerSys), Retirement and Continued Vesting Agreement (EnerSys)

Covenants are Reasonable. Employee acknowledges and agrees that the covenants in this Agreement section are necessary and essential to protect the Company’s Confidential Information, Trade Secrets proprietary and the confidential business information and goodwill in its customers Customers and employees; that the area, duration and scope of the covenants in this Agreement section are reasonable and necessary to protect the Company; that they do not unduly oppress or restrict Employee’s ability to earn a livelihood in Employee’s chosen profession; that they are not an undue restraint on Employee’s trade or any of the public interests that may be involved; that good and valuable consideration exists for Employee’s agreement to be bound by such covenants; and that the Company has a legitimate business purpose in requiring Employee to abide by the covenants set forth in this Agreementsection.

Appears in 1 contract

Sources: Separation and Release Agreement (WillScot Holdings Corp)

Covenants are Reasonable. Employee acknowledges and agrees that that: the covenants in this Agreement this/her section are necessary and essential to protect the Company’s Confidential Information, Trade Secrets and the goodwill in its customers and employees; the area, duration and scope of the covenants in this Agreement this/her section are reasonable and necessary to protect the Company; they do not unduly oppress or restrict Employee’s ability to earn a livelihood in Employee’s chosen profession; they are not an undue restraint on Employee’s trade or any of the public interests that may be involved; good and valuable consideration exists for Employee’s agreement to be bound by such covenants; and the Company has a legitimate business purpose in requiring Employee to abide by the covenants set forth in this Agreementthis/her section.

Appears in 1 contract

Sources: Employment Agreement (Alpha Cognition Inc.)