Common use of Protected Area Clause in Contracts

Protected Area. Employee acknowledges that the Company is currently performing mineral exploration activities in the state of New Mexico and that it is reasonable to limit Employee’s activities during the Noncompetition Period and the Nonsolicitation Period to the state of New Mexico. Employee also acknowledges that due to the nature of the Company’s Business, any geographic limitations on the scope of his noncompetition and nonsolicitation obligations under this Agreement that would be narrower in scope than the entire state of New Mexico would not adequately protect the Company.

Appears in 2 contracts

Sources: Employment Agreement (BE Resources Inc.), Employment Agreement (BE Resources Inc.)

Protected Area. Employee acknowledges that the Company is currently performing mineral exploration activities in the state of New Mexico and that it is reasonable to limit Employee’s 's activities during the Noncompetition Period and the Nonsolicitation Period to the state of New Mexico. Employee also acknowledges that due to the nature of the Company’s 's Business, any geographic limitations on the scope of his noncompetition and nonsolicitation obligations under this Agreement that would be narrower in scope than the entire state of New Mexico would not adequately protect the Company.

Appears in 1 contract

Sources: Employment Agreement (BE Resources Inc.)