Common use of Nature of the Restrictions Clause in Contracts

Nature of the Restrictions. Executive agrees that the time, geographical area, and scope of restrained activities for the restrictions in this Section 7 of the Agreement are reasonable, especially in light of the Company's desire to protect its Confidential Information, and that the restrictions in Section 7 of this Agreement will not preclude Executive from gainful employment in the event Executive's employment terminates for any reason. If a court concludes that any time period, geographical area, or scope of restrained activities specified in Section 7 of this Agreement is unenforceable, the court is vested with the authority to reduce the time period, geographical area, and/or scope of restrained activities, so that the restrictions may be enforced to the fullest extent permitted by law. Additionally, if Executive violates any of the restrictions contained in Section 7 of this Agreement, the restrictive period shall be suspended and will not run in favor of Executive from the time of the commencement of any violation until the time when Executive cures the violation to the Company's satisfaction.

Appears in 2 contracts

Sources: Employment Agreement (Conquest Petroleum Inc), Employment Agreement (Conquest Petroleum Inc)

Nature of the Restrictions. Executive agrees I agree that the time, geographical area, and scope of restrained activities for the restrictions in Section B of this Section 7 of the Agreement are reasonable, especially in light of the Company's ’s desire to protect its Confidential Information, and that the restrictions in Section 7 B of this Agreement will not preclude Executive me from gainful employment in the event Executive's my employment terminates for any reason. If a court concludes that any time period, geographical area, or scope of restrained activities specified in Section 7 B of this Agreement is unenforceable, the court is vested with the authority to reduce the time period, geographical area, and/or scope of restrained activities, so that the restrictions may be enforced to the fullest extent permitted by law. Additionally, if Executive violates I violate any of the restrictions contained in Section 7 B of this Agreement, the restrictive period shall be suspended and will not run in favor of Executive me from the time of the commencement of any violation until the time when Executive cures I cure the violation to the Company's ’s satisfaction.

Appears in 1 contract

Sources: Confidentiality Agreement