Reasonable and Necessary. You agree that the Post-Employment Restrictive Covenants set forth in Section 9(b) are reasonable and necessary for the protection of NCR’s legitimate business interests, that they do not impose a greater restraint than is necessary to protect the goodwill or other business interests of NCR, that they contain reasonable limitations as to time and scope of activity to be restrained, that they do not unduly restrict your ability to earn a living, and that they are not unduly burdensome to you.
Reasonable and Necessary. Executive acknowledges that he is a key employee of the Company and that Executive participates in and contributes to key phases of the Company’s operations. Executive agrees that the covenants provided for in this Section 4 are reasonable and necessary to protect the Company and its confidential information, goodwill and other legitimate business interests and, without such protection, the Company’s customer and client relationships and competitive advantage would be materially adversely affected. Executive agrees that the provisions of this Section 4 are an essential inducement to the Company to enter into this Agreement and they are in addition to, rather than in lieu of, any similar or related covenants with the Company to which Executive may be bound. Executive further acknowledges that the restrictions contained in this Section 4 shall not impose an undue hardship on him since he has general business skills which may be used in industries other than that in which the Company conducts its business and shall not deprive Executive of his livelihood. In exchange for Executive agreeing to be bound by these reasonable and necessary covenants, the Company is providing Executive with the benefits as set forth in this Agreement. Executive acknowledges and agrees that these benefits constitute full and adequate consideration for his obligations hereunder.
Reasonable and Necessary. You have had the opportunity to consult with your own legal counsel regarding the Restrictive Covenants and agree that the Restrictive Covenants are reasonable in terms of duration, scope and area restrictions and are necessary to protect the goodwill of the Company’s businesses and agree not to challenge the validity or enforceability of the Restrictive Covenants. You agree that the provisions of this Section III are an essential inducement to the Company to enter into this Agreement and they are in addition to, rather than in lieu of, any similar or related covenants with the Company to which you may be bound. 3.9
Reasonable and Necessary. Executive acknowledges that the terms and conditions of Section 7 are reasonable and necessary to protect the Bank, its subsidiaries and affiliates, and that the Bank’s tender of performance under this Agreement, including the payment of the amounts under Section 5 or 6, is fair, adequate and valid consideration in exchange for his promises under this Section 7 of this Agreement.
Reasonable and Necessary. Seller acknowledges that the provisions of this Article VIII are reasonable and necessary to protect and preserve the Corporation's business and that the Corporation would be irreparably damaged if Seller were to breach the any of the covenants set forth in this Article VIII.
Reasonable and Necessary. The Participant agrees that the above covenant is reasonable and necessary agreements for the protection of the business interests and Trade Secrets & Confidential Information covered in the fully enforceable, ancillary agreements set forth in this Restricted Stock Agreement.
Reasonable and Necessary. It is expressly understood and agreed that the Company and Executive consider the restrictions contained in this Section 6 to be reasonable and necessary for the purposes of preserving and protecting the Confidential Information and Company Relationships belonging to the Company. Nevertheless, if any of the aforesaid restrictions is found by a court having jurisdiction to be unreasonable, over broad as to geographic area or time or otherwise unenforceable, Executive and the Company intend for the restrictions herein set forth to be modified by such court so as to be reasonable and enforceable and, as so modified by the court, to be fully enforced.