Common use of Reasonableness Clause in Contracts

Reasonableness. 8.8.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bancorp Inc), Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bancorp Inc), Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ (a) Officer has carefully read and considered the provisions of this Article 8 Section 6 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 Section 6 are fair and reasonable and are reasonably required for the protection of the interests of the Company, the Bank Entities and their respective businessesits business, the Company’s shareholders, directors, officers and employees. ▇▇▇▇▇▇ Officer further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 (b) If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 Section 6 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Peoples Financial Services Corp.), Employment Agreement (First National Community Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Tonat has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Tonat further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his Tonat's ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction' set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bancorp Inc), Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Officer has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Employer and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Officer further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall shalt be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (ODNB Financial Corp), Employment Agreement (ODNB Financial Corp)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his her ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bancorp Inc), Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bancorp Inc), Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his her ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bancorp Inc), Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ (a) Officer has carefully read and considered the provisions of this Article 8 Section 6 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 Section 6 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businessesits business, the Company’s shareholders, directors, officers and employees. ▇▇▇▇▇▇ Officer further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 (b) If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 Section 6 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 2 contracts

Sources: Employment Agreement (First National Community Bancorp Inc), Employment Agreement (First National Community Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Riel has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. Riel further agrees that the restric▇▇▇▇▇▇ further agrees that the restrictions s set forth in this Agreement will not impair or unreasonably restrain his Riel's ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction' set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Riel has carefully read and considered the provisions ▇▇ovisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Riel further agrees that the restrictions set ▇▇▇ forth in this Agreement will not impair or unreasonably restrain his Riel's ability to earn a livelihood. 8.8.2 If 7.7.▇ ▇▇ any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction' set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 7.7.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇▇▇'▇ ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇H▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇H▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his her ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Merger Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇7.8.1 ▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇▇’▇ ability to earn a livelihood. 8.8.2 7.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction’ set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Tinley has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Tinley further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his Tinley's ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction' set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Officer has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Officer further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his her ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall shalt be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (ODNB Financial Corp)

Reasonableness. 8.8.1 7.8.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇▇▇’▇ ability to earn a livelihood. 8.8.2 7.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction’ set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 7.8.1 ▇▇▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇▇▇▇▇’▇ ability to earn a livelihood. 8.8.2 7.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction’ set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇7.7.1 ▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇'▇ ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ Bensignor has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Bensignor further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Ward has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Ward further agrees that the restrictions restricti▇▇▇ set forth in this Agreement will not impair or unreasonably restrain his Ward's ability to earn a livelihood. 8.8.2 If any 7.7.▇ ▇▇ ▇ny court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction' set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Officer has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Officer further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall shalt be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (ODNB Financial Corp)

Reasonableness. 8.8.1 7.8.1 ▇▇▇▇▇-▇▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇-▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇▇▇-▇▇▇▇▇’▇ ability to earn a livelihood. 8.8.2 7.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction’ set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ 7.7.1 Officer has carefully read and considered the provisions of this Article 8 Section 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 Section 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Employer and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Officer further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 7.7.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 Section 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties Parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties Parties direct the court to make, and the parties Parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (ODNB Financial Corp)

Reasonableness. 8.8.1 ▇▇7.8.1 ▇▇▇▇ has carefully read and considered the provisions of this Article 8 7 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 7 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities Eagle and their respective businessesits business, shareholders, directors, officers and employees. ▇▇▇▇▇▇ further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ▇▇▇▇’▇ ability to earn a livelihood. 8.8.2 7.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction restriction’ set forth in this Article 8 7 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)

Reasonableness. 8.8.1 ▇▇▇▇▇▇ Langmead has carefully read and considered the provisions of this Article 8 and, having done so, agrees that the restrictions and agreements set forth in this Article 8 are fair and reasonable and are reasonably required for the protection of the interests of the Bank Entities and their respective businesses, shareholders, directors, officers and employees. ▇▇▇▇▇▇ Langmead further agrees that the restrictions set forth in this Agreement will not impair or unreasonably restrain his ability to earn a livelihood. 8.8.2 If any court of competent jurisdiction should determine that the duration, geographical area or scope of any provision or restriction set forth in this Article 8 exceeds the maximum duration, geographic area or scope that is reasonable and enforceable under applicable law, the parties agree that said provision shall automatically be modified and shall be deemed to extend only over the maximum duration, geographical area and/or scope as to which such provision or restriction said court determines to be valid and enforceable under applicable law, which determination the parties direct the court to make, and the parties agree to be bound by such modified provision or restriction.

Appears in 1 contract

Sources: Employment Agreement (Eagle Bancorp Inc)