Common use of Judicial Amendment Clause in Contracts

Judicial Amendment. ▇▇▇▇▇▇▇ and MG acknowledge the reasonableness of the agreements set forth in this Section 7 and the specifically acknowledge the reasonableness of the geographic area, duration of time and subject matter that are part of the covenant not to compete contained in Section 7(a)(i)-(ii). ▇▇▇▇▇▇▇ further acknowledges that ▇▇▇▇▇▇▇’▇ skills are such that ▇▇▇▇▇▇▇ can be gainfully employed in noncompetitive employment and that the parties’ agreement not to compete will in no manner prevent ▇▇▇▇▇▇▇ from earning a living. Notwithstanding the foregoing, in the event it is judicially determined that any of the limitations contained in this Section 7 are unreasonable, illegal or offensive under any applicable law and may not be enforced as agreed herein, the parties agree that the unreasonable, illegal or offensive portions of this Section 7, whether they relate to duration, area or subject matter, shall be and hereby are revised to conform with all applicable laws and that this Agreement, as modified, shall remain in full force and effect and shall not be rendered void or illegal.

Appears in 1 contract

Sources: Separation Agreement (Mondelez International, Inc.)

Judicial Amendment. ▇▇▇▇▇▇▇ and MG acknowledge the reasonableness of the agreements set forth in this Section 7 and the specifically acknowledge the reasonableness of the geographic area, duration of time and subject matter that are part of the covenant not to compete contained in Section 7(a)(i)-(ii). ▇▇▇▇▇▇▇ further acknowledges that ▇▇▇▇▇▇▇’▇ skills are such that ▇▇▇▇▇▇▇ can be gainfully employed in noncompetitive employment and that the parties’ agreement not to compete will in no manner prevent ▇▇▇▇▇▇▇ from earning a living. Notwithstanding the foregoing, in the event it is judicially determined that any of the limitations contained in this Section 7 are unreasonable, illegal or offensive under any applicable law and may not be enforced as agreed herein, the parties agree that the unreasonable, illegal or offensive portions of this Section 7, whether they relate to duration, area or subject matter, shall be and hereby are revised to conform with all applicable laws and that this Agreement, as modified, shall remain in full force and effect and shall not be rendered void or illegal.

Appears in 1 contract

Sources: Separation Agreement (Mondelez International, Inc.)

Judicial Amendment. ▇▇▇▇▇▇▇ and MG acknowledge the reasonableness of the agreements set forth in this Section 7 Paragraph 6 and the specifically acknowledge the reasonableness of the geographic area, duration of time and subject matter that are part of the covenant not to compete contained in Section 7(a)(i)-(iiParagraph 6(a)(i)-(ii). ▇▇▇▇▇▇▇ further acknowledges that ▇▇▇▇▇▇▇’▇ skills are such that ▇▇▇▇▇▇▇ can be gainfully employed in noncompetitive employment and that the parties’ agreement not to compete will in no manner prevent ▇▇▇▇▇▇▇ from earning a living. Notwithstanding the foregoing, in the event it is judicially determined that any of the limitations contained in this Section 7 Paragraph 6 are unreasonable, illegal or offensive under any applicable law and may not be enforced as agreed herein, the parties agree that the unreasonable, illegal or offensive portions of this Section 7Paragraph 6, whether they relate to duration, area or subject matter, shall be and hereby are revised to conform with all applicable laws and that this Agreement, as modified, shall remain in full force and effect and shall not be rendered void or illegal.

Appears in 1 contract

Sources: Retirement Agreement (Mondelez International, Inc.)

Judicial Amendment. ▇▇▇▇▇▇▇ Marques and MG acknowledge the reasonableness of the agreements set forth in this Section 7 and the specifically acknowledge the reasonableness of the geographic area, duration of time and subject matter that are part of the covenant not to compete contained in Section 7(a)(i)-(ii). ▇▇▇▇▇▇▇ Marques further acknowledges that ▇▇▇▇▇▇▇’▇ Marques’s skills are such that ▇▇▇▇▇▇▇ Marques can be gainfully employed in noncompetitive employment and that the parties’ agreement not to compete will in no manner prevent ▇▇▇▇▇▇▇ Marques from earning a living. Notwithstanding the foregoing, in the event it is judicially determined that any of the limitations contained in this Section 7 are unreasonable, illegal or offensive under any applicable law and may not be enforced as agreed herein, the parties agree that the unreasonable, illegal or offensive portions of this Section 7, whether they relate to duration, area or subject matter, shall be and hereby are revised to conform with all applicable laws and that this Agreement, as modified, shall remain in full force and effect and shall not be rendered void or illegal.

Appears in 1 contract

Sources: Separation Agreement (Mondelez International, Inc.)