Common use of Necessary Restrictions Clause in Contracts

Necessary Restrictions. The parties acknowledge that the restrictions contained in this Article IV are reasonable and necessary to protect the legitimate business interests of the Company and that any violation thereof by Employee could result in irreparable harm to the Company; and further, the Employee represents and warrants that the restrictions set forth in this Article IV are enforceable against him in accordance with their terms. Accordingly, the Employee agrees that upon the violation by him of any of the restrictions contained in Paragraphs 4.3 and 4.4, the Company shall be entitled to apply to any court of competent jurisdiction for a preliminary and permanent injunction as well as any other relief provided at law, equity, under this Agreement or otherwise, without the necessity of posting any bond or providing any security. In the event any of the foregoing restrictions are adjudged unreasonable in any proceeding, then the parties agree that the period of time or the scope of such restrictions (or both) shall be adjusted to such a manner or for such a time (or both) as is adjudged to be reasonable.