Common use of Extension of Limitation Period Clause in Contracts

Extension of Limitation Period. The parties acknowledge that if Executive violates any of the protective covenants in this Article V and the Company brings legal action for injunctive, damages or other relief hereunder, the Company shall, as a result of the time involved in obtaining the relief, be deprived of the full benefit of these protective covenants. Accordingly, the applicable limitation period shall be deemed to have the full duration of the period stated therein, computed from the date relief is granted, but reduced by the time between the period when the restriction began to run and the date of the first violation of the covenant by Executive.