Common use of Covenants are Reasonable Clause in Contracts

Covenants are Reasonable. Executive acknowledges and agrees that: the covenants in this section are necessary and essential to protect the Company’s Confidential Information, Trade Secrets and the goodwill in its customers and Executives; the area, duration and scope of the covenants in this section are reasonable and necessary to protect the Company; they do not unduly oppress or restrict Executive’s ability to earn a livelihood in Executive’s chosen profession; they are not an undue restraint on Executive’s trade or any of the public interests that may be involved; good and valuable consideration exists for Executive’s agreement to be bound by such covenants; and the Company has a legitimate business purpose in requiring Executive to abide by the covenants set forth in this section.

Appears in 5 contracts

Samples: Performance Share Unit Agreement (Tractor Supply Co /De/), Performance Share Unit Agreement (Tractor Supply Co /De/), Protective Agreement (Tractor Supply Co /De/)

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Covenants are Reasonable. Executive Employee acknowledges and agrees that: the covenants in this section are necessary and essential to protect the Company’s Confidential Information, Trade Secrets and the goodwill in its customers and Executivesemployees; the area, duration and scope of the covenants in this section are reasonable and necessary to protect the Company; they do not unduly oppress or restrict ExecutiveEmployee’s ability to earn a livelihood in ExecutiveEmployee’s chosen profession; they are not an undue restraint on ExecutiveEmployee’s trade or any of the public interests that may be involved; good and valuable consideration exists for ExecutiveEmployee’s agreement to be bound by such covenants; and the Company has a legitimate business purpose in requiring Executive Employee to abide by the covenants set forth in this section.

Appears in 1 contract

Samples: And Restrictive Covenant Agreement (Idexx Laboratories Inc /De)

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