Common use of Grantee Acknowledgements Clause in Contracts

Grantee Acknowledgements. The Grantee understands that this Section 7 may limit his or her ability to earn a livelihood in a business competitive to the business of the Company and its Affiliates. The Grantee expressly acknowledges and agrees that this Section 7 is reasonable and necessary for the protection of the legitimate business interests of the Company and is reasonable in scope.

Appears in 9 contracts

Sources: Restricted Stock Unit Grant Agreement (Momentive Performance Materials Inc.), Nonqualified Stock Option Grant Certificate (McGraw-Hill Global Education LLC), Nonqualified Stock Option Grant Certificate (McGraw-Hill Global Education LLC)