Common use of Reasonableness of Covenants Clause in Contracts

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 9. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect of subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 9. It is also agreed that each of the Company Group’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate under this Agreement, including without limitation pursuant to this Section 9.

Appears in 8 contracts

Samples: Employment Agreement (Solo Brands, Inc.), Employment Agreement (Solo Brands, Inc.), Employment Agreement (Solo Brands, Inc.)

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Reasonableness of Covenants. In signing this Agreement, the Executive gives Parent and the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 910. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates Affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates Affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 910, other than in response to an attempt by the Company or an Affiliate to enforce such covenants against the Executive. It is also agreed that each of the Company Group’s affiliates Affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such Affiliates under this Agreement, including without limitation pursuant to this Section 910.

Appears in 7 contracts

Samples: Employment Agreement (Styron Canada ULC), Employment Agreement (Trinseo S.A.), Employment Agreement (Trinseo S.A.)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 911. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates Affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates Affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 911, other than in response to an attempt by the Company or an Affiliate to enforce such covenants against the Executive. It is also agreed that each of the Company Group’s affiliates Affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such Affiliates under this Agreement, including without limitation pursuant to this Section 911.

Appears in 6 contracts

Samples: Employment Agreement (Styron Canada ULC), Employment Agreement (Trinseo S.A.), Employment Agreement (Trinseo S.A.)

Reasonableness of Covenants. In By signing this Agreement, Executive agrees that Executive has had the opportunity to consult with counsel about this Agreement and Executive gives the Company Group provides assurance that the Executive has carefully read and considered the provisions of this Section 10. Executive agrees and acknowledges that the covenants set forth in this Section 10 are in exchange for good and valuable consideration and that such covenants are reasonable in all respects, including, where applicable, geographical and temporal scope. Executive further acknowledges that the restrictions contained in this Section 10 are reasonable and necessary for the protection of the terms legitimate business interests of the Company and conditions its Affiliates, that the Company would not have entered into this Agreement without receiving Executive’s agreement to be bound by the provisions of Section 10, and that such restrictions were a material inducement to the Company to enter into this Agreement, including the restraints imposed under this Section 9. The Executive agrees that these restraints are necessary for the reasonable and proper protection provisions of the Company Group and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect of subject matter, length of time and geographic area, and that these restraintsSection 10, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraintsprovisions. The Executive further agrees and acknowledges that each of these covenants has a unique, very substantial and immeasurable value the potential harm to the Company Group and or its affiliates and that Affiliates of the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability non-enforcement of any provision of the covenants set forth in this Section 910 outweighs any potential harm to Executive of its enforcement by injunction or otherwise. It is Executive also agreed agrees that each of the Company GroupCompany’s affiliates Affiliates will have the right to enforce all of the Executive’s obligations to that affiliate Affiliate under this Agreement, including without limitation pursuant to this Section 910.

Appears in 4 contracts

Samples: Severance and Change in Control Protection Agreement (Premier Financial Corp), Severance and Change in Control Protection Agreement (Premier Financial Corp), Severance and Change in Control Protection Agreement (Premier Financial Corp)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 910. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect of subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 910. It is also agreed that each of the Company Group’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate under this Agreement, including without limitation pursuant to this Section 910.

Appears in 3 contracts

Samples: Employment Agreement (Solo Brands, Inc.), Employment Agreement (Solo Brands, Inc.), Employment Agreement (Leslie's, Inc.)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 910. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 910. It is also agreed that each of the Company GroupCompany’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate under this Agreement, including without limitation pursuant to this Section 910.

Appears in 2 contracts

Samples: Employment Agreement (Broad Street Realty, Inc.), Employment Agreement (Broad Street Realty, Inc.)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 9. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 9. It is also agreed that each of the Company GroupCompany’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate under this AgreementAgreement and shall be third party beneficiaries hereunder, including without limitation pursuant to this Section 9.

Appears in 2 contracts

Samples: Employment Agreement (EveryWare Global, Inc.), Employment Agreement (EveryWare Global, Inc.)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 910 hereof. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates Subsidiaries and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates Subsidiaries and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 910. It is also agreed that each of the Company GroupCompany’s affiliates Subsidiaries will have the right to enforce all of the Executive’s obligations to that affiliate Subsidiary under Section 10 of this Agreement, including without limitation pursuant to this Section 9.

Appears in 2 contracts

Samples: Employment Agreement (Veritiv Corp), Employment Agreement (Xpedx Holding Co)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 92. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 92, other than in response to an attempt by the Company or an affiliate to enforce such covenants against the Executive. It is also agreed that each of the Company Group’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such affiliates under this Agreement, including without limitation pursuant to this Section 92.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Packaging Corp of America), Restricted Stock Award Agreement (Packaging Corp of America)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 9. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive agrees that, before providing services, whether as an employee or consultant, to any entity during the period of time that the Executive is subject to the constraints in Section 9(b), the Executive will provide a copy of this Agreement to such entity, and such entity will acknowledge to the Company in writing that it has read this Agreement. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants agrees that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 9. It is also agreed that each of the Company GroupCompany’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate under this Agreement, including including, without limitation limitation, pursuant to this Section 9.

Appears in 2 contracts

Samples: Employment Agreement (Verde Clean Fuels, Inc.), Employment Agreement (Verde Clean Fuels, Inc.)

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Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 98. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 98. It is also agreed that each of the Company GroupCompany’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such affiliates under this Agreement, including including, without limitation limitation, pursuant to this Section 98.

Appears in 1 contract

Samples: Employment Agreement (Alight, Inc. / Delaware)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 98. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its subsidiaries and affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its subsidiaries and affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 98. It is also agreed that each of the Company GroupCompany’s subsidiaries and affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such subsidiaries and affiliates under this Agreement, including including, without limitation limitation, pursuant to this Section 98.

Appears in 1 contract

Samples: Employment Agreement (Alight, Inc. / Delaware)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 98. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 98. It is also agreed that each of the Company GroupCompany’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate under this AgreementAgreement and shall be third party beneficiaries hereunder, including without limitation pursuant to this Section 98.

Appears in 1 contract

Samples: Employment Agreement (EveryWare Global, Inc.)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 910. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates Affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates Affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 910, other than in response to an attempt by the Company or an Affiliate to enforce such covenants against the Executive. It is also agreed that each of the Company Group’s affiliates Affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such Affiliates under this Agreement, including without limitation pursuant to this Section 910.

Appears in 1 contract

Samples: Employment Agreement (Trinseo S.A.)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 9. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates and their Confidential Information trade secrets and confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 9. It is also agreed that each of the Company GroupCompany’s affiliates will have the right to enforce all of the Executive’s obligations to that affiliate such affiliates under this Agreement, including including, without limitation limitation, pursuant to this Section 9.

Appears in 1 contract

Samples: Employment Agreement (Alight, Inc. / Delaware)

Reasonableness of Covenants. In signing this Agreement, the Executive gives the Company Group assurance that the Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 99 hereof. The Executive agrees that these restraints are necessary for the reasonable and proper protection of the Company Group and its affiliates trade secrets and their Confidential Information confidential information and that each and every one of the restraints is reasonable in respect of to subject matter, length of time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Executive from obtaining other suitable employment during the period in which the Executive is bound by the restraints. The Executive acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company Group and its affiliates and that the Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Executive further covenants that the Executive will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 99 unless the Company seeks to enforce them beyond the agreed-on scope and time limit (but may challenge the covenants’ application to his particular circumstances). It is also agreed that each member of the Company Group’s affiliates Group will have the right to enforce all of the Executive’s obligations (if any) to that affiliate such member under this AgreementAgreement and shall be third party beneficiaries hereunder, including without limitation pursuant to this Section 9.

Appears in 1 contract

Samples: Employment Agreement (Gener8 Maritime, Inc.)

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