Common use of Reasonable Restrictions Clause in Contracts

Reasonable Restrictions. Employee acknowledges that the restrictions of subparagraph (a) above are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the Employer, and are a material inducement to the Employer to enter into this Agreement. Employer and Employee both agree that in the event a court shall determine any portion of the restrictions in subparagraph (a) are not reasonable, the court may change such restrictions, including without limitation the geographical restrictions and the duration restrictions, to reflect a restriction which the court will enforce as reasonable.

Appears in 13 contracts

Sources: Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC)

Reasonable Restrictions. Employee acknowledges that the restrictions of subparagraph (a) above are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the Employer, and are a material inducement to the Employer to enter into this Agreement. Employer and Employee both agree that in the event a court shall determine any portion of the restrictions in subparagraph (a) are not reasonable, the court may change such restrictions, including without limitation the geographical restrictions and the duration restrictions, to reflect a restriction which the court will enforce as reasonable.

Appears in 8 contracts

Sources: Employment Agreement (Mma Capital Management, LLC), Employment Agreement (Municipal Mortgage & Equity LLC), Employment Agreement (Municipal Mortgage & Equity LLC)

Reasonable Restrictions. Employee Executive acknowledges that the restrictions of subparagraph (a) above are reasonable, fair fair, and equitable in scope, term term, and duration, are necessary to protect the legitimate business interests of the Employer, and are a material inducement to the Employer to enter into this Agreement. Employer and Employee Executive both agree that in the event a court shall determine any portion of the restrictions in subparagraph (a) are not reasonable, the court may change such restrictions, including without limitation the geographical restrictions and the duration restrictions, to reflect a restriction which that the court will enforce as reasonable.

Appears in 1 contract

Sources: Executive Employment Agreement (Municipal Mortgage & Equity LLC)

Reasonable Restrictions. Employee acknowledges that the restrictions of subparagraph (a) above are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the Employer, and are a material inducement to the Employer to enter into this Agreement. Employer and Employee both agree that in the event a court shall determine any portion of the restrictions in subparagraph (a) are not reasonable, the court may change such restrictions, including without limitation the geographical restrictions and the duration restrictions, to reflect a restriction which that the court will enforce as reasonable.

Appears in 1 contract

Sources: Employment Agreement (Municipal Mortgage & Equity LLC)