Common use of Reasonably Necessary Clause in Contracts

Reasonably Necessary. The Company and the Executive agree that the Confidential Information set forth in Section 6.1 and the substantial relationships with the Company's specific prospective and existing customers and vendors: (i) are valuable, special, and a unique asset of the Company; (ii) have provided and will hereafter provide the Company with a substantial competitive advantage in the operation of its business; and (iii) are a legitimate business interest of the Company. The Company and the Executive also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Article 2, and the restrictive covenants are reasonably necessary to protect the Company's legitimate business interests.

Appears in 7 contracts

Samples: Employment Agreement (World Commerce Online Inc), Employment Agreement (World Commerce Online Inc), Employment Agreement (World Commerce Online Inc)

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Reasonably Necessary. The Company and the Executive agree that the Confidential Information set forth in Section 6.1 Subsection 8.1 and the substantial relationships with the Company's specific prospective and existing customers and vendors: (i) are valuable, special, and a unique asset of the Company; (ii) have provided and will hereafter provide the Company with a substantial competitive advantage in the operation of its business; and (iii) are a legitimate business interest of the Company. The Company and the Executive also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Article 2Section 8, and the restrictive covenants are reasonably necessary to protect the Company's legitimate business interests.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Miracom Corp), Employment Agreement (Parts Com Inc)

Reasonably Necessary. The Company and the Executive agree that the Confidential Information set forth in Section 6.1 and the substantial relationships with the Company's specific prospective and existing customers and vendors: (i) are valuable, special, and a unique asset of the Company; (ii) have provided and will hereafter provide the Company with a substantial competitive advantage in the operation of its businessBusiness; and (iii) are a legitimate business interest of the Company. The Company and the Executive also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Article 2, and the restrictive covenants are reasonably necessary to protect the Company's legitimate business interests.

Appears in 2 contracts

Samples: Employment Agreement (Summit Brokerage Services Inc / Fl), Employment Agreement (Summit Brokerage Services Inc / Fl)

Reasonably Necessary. The Company and the Executive agree that the Confidential Information set forth in Section 6.1 and the substantial relationships with the Company's specific prospective and existing customers and vendors: (i) are valuable, special, and a unique asset of the Company; (ii) have provided and will hereafter provide the Company with a substantial competitive advantage in the operation of its business; and (iii) are a legitimate business interest of the Company. The Company and the Executive also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Article 26, and the restrictive covenants are reasonably necessary to protect the Company's legitimate business interests.

Appears in 1 contract

Samples: Employment Agreement (Summit Brokerage Services Inc / Fl)

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Reasonably Necessary. The Company and the Executive Consultant agree that the Confidential Information set forth in Section 6.1 and the substantial relationships with the Company's specific prospective and existing customers and vendors: (i) are valuable, special, and a unique asset of the Company; (ii) have provided and will hereafter provide the Company with a substantial competitive advantage in the operation of its business; and (iii) are a legitimate business interest of the Company. The Company and the Executive Consultant also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Article 2Section 6, and the restrictive covenants are reasonably necessary to protect the Company's legitimate business interests.

Appears in 1 contract

Samples: Consulting and Services Agreement (Corpas Investments Inc)

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