Common use of Modification of Restrictive Covenants Clause in Contracts

Modification of Restrictive Covenants. If, in any judicial proceeding, a court refuses to enforce any of these separate covenants (or any part of a covenant), then the unenforceable covenant (or part) will be eliminated from this Appendix to the extent necessary to permit the remaining separate covenants (or portions) to be enforced. In the event that the provisions of this Appendix are deemed to exceed the time, geographic, or scope limitations permitted by law, then the provisions will be reformed to the maximum time, geographic, or scope limitations permitted by law.

Appears in 2 contracts

Sources: Global Restricted Stock Unit Agreement (Coherent Inc), Global Restricted Stock Unit Agreement (Coherent Inc)