Common use of Reformation Clause in Contracts

Reformation. If, at any time of enforcement of this Section 6, a court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 16 contracts

Samples: Employment Agreement (Davita Inc), Employment Agreement (Firearms Training Systems Inc), Employment Agreement (Firearms Training Systems Inc)

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Reformation. If, at any time of enforcement of this Section 6, a court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 11 contracts

Samples: Employment Agreement (Da Lite Screen Company Inc), Employment Agreement (Da Lite Screen Company Inc), Employment Agreement (BTHC VII Inc)

Reformation. If, at any time of enforcement of this Section 6, a court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 7 contracts

Samples: Employment Agreement (Aon Corp), Employment Agreement (Aon Corp), Employment Agreement (Aon Corp)

Reformation. If, at any time of enforcement of this Section 67, a court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 67.

Appears in 7 contracts

Samples: Grant Agreement (CDW Corp), Grant Agreement (CDW Corp), Common Unit Grant Agreement (CDW Finance Corp)

Reformation. If, at any the time of enforcement of this Section 6, a court or an arbitrator holds shall hold that the duration, scope, or area restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum periodduration, scope scope, or geographical area reasonable under such circumstances shall be substituted for the stated periodduration, scope scope, or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope scope, and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 5 contracts

Samples: Executive Employment Agreement (Root, Inc.), Executive Employment Agreement (Root, Inc.), Executive Employment Agreement (Root, Inc.)

Reformation. If, at any time of enforcement of this Section 6, a court or an arbitrator holds that the restrictions stated herein are unreasonable and/or unenforceable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable and/or enforceable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 5 contracts

Samples: Employment Agreement (Endurance Specialty Holdings LTD), Employment Agreement (Endurance Specialty Holdings LTD), Employment Agreement (Endurance Specialty Holdings LTD)

Reformation. If, at any time of enforcement of this Section 6, a court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope scope, or geographical area reasonable under such circumstances shall will be substituted for the stated period, scope or area and that the court or arbitrator shall will be allowed to revise the restrictions contained herein to cover the maximum period, scope scope, and area permitted by law. This Agreement shall will not authorize a court or arbitrator to increase or broaden any of the restrictions in of this Section 6.

Appears in 4 contracts

Samples: Transition and Separation Agreement (Aon PLC), Transition and Separation Agreement (Aon PLC), Transition and Separation Agreement (Aon PLC)

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Reformation. If, at any time of enforcement of this Section 6, a ----------- court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 2 contracts

Samples: Employment Agreement (Federal Mogul Corp), Employment Agreement (Federal Mogul Corp)

Reformation. If, at any time of enforcement of this Section 6, a court or an arbitrator holds that the restrictions stated herein are unreasonable or unenforceable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the restrictions to the maximum period, scope and area extent permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Biolase, Inc)

Reformation. If, at any time of enforcement of this Section 65.1, a court or an arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this Section 6.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Da-Lite Screen Co Inc)

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