Extension of Obligations. If Employee breaches any of the provisions of Section 4 of this Agreement, and if the Company brings legal action for injunctive relief during the Restricted Period and injunctive relief is ordered by a court of competent jurisdiction, then one day of additional time shall be added to the restriction for each day of noncompliance, up to a maximum of twelve (12) months, so that the Company is given the benefit of Employee’s compliance with the restriction for twelve (12) months following employment as agreed. If, however, the Company takes no action within the Restricted Period, then the Company shall have no right to bring a legal action under this Agreement against Employee.
Appears in 3 contracts
Sources: Non Solicitation and Non Disclosure Agreement, Non Solicitation and Non Disclosure Agreement (Travelers Companies, Inc.), Non Solicitation and Non Disclosure Agreement (St Paul Travelers Companies Inc)