Common use of Modification of Restrictions Clause in Contracts

Modification of Restrictions. The Employee agrees that the restrictions set forth in this Section are fair and reasonable and are reasonably required for the protection of the interests of the Company. However, should an arbitrator or court nonetheless determine at a later date that such restrictions are unreasonable in light of the circumstances as they then exist, then the Employee agrees that this Section shall be construed in such a manner as to impose on the Employee such restrictions as may then be reasonable and sufficient to assure Company of the intended benefits of this Section.

Appears in 7 contracts

Samples: Employment Agreement (Pro Pharmaceuticals Inc), Employment Agreement (Pro Pharmaceuticals Inc), Employment Agreement (Advanced Proteome Therapeutics CORP)

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Modification of Restrictions. The Employee Executive agrees that the restrictions set forth in this Section are fair and reasonable and are reasonably required for the protection of the interests of the Company. However, should an arbitrator or court nonetheless determine at a later date that such restrictions are unreasonable in light of the circumstances as they then exist, then the Employee Executive agrees that this Section shall be construed in such a manner as to impose on the Employee Executive such restrictions as may then be reasonable and sufficient to assure Company of the intended benefits of this Section.

Appears in 6 contracts

Samples: Employment Agreement (Pro Pharmaceuticals Inc), Employment Agreement (Pro Pharmaceuticals Inc), Employment Agreement (Pro Pharmaceuticals Inc)

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Modification of Restrictions. The Employee Xxxxxxx agrees that the restrictions set forth in this Section are fair and reasonable and are reasonably required for the protection of the interests of the Company. However, should an arbitrator or court nonetheless determine at a later date that such restrictions are unreasonable in light of the circumstances as they then exist, then the Employee Xxxxxxx agrees that this Section shall be construed in such a manner as to impose on the Employee Xxxxxxx such restrictions as may then be reasonable and sufficient to assure Company of the intended benefits of this Section.

Appears in 1 contract

Samples: Employment Agreement (Pro Pharmaceuticals Inc)

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