Stipulated Reasonableness Sample Clauses
The Stipulated Reasonableness clause defines in advance what the parties agree is a reasonable standard or amount for a particular obligation or remedy under the contract. In practice, this clause might set a predetermined amount for damages, fees, or performance metrics, which both parties accept as fair and appropriate for the circumstances. By establishing these standards upfront, the clause helps prevent disputes over what is considered reasonable, streamlining enforcement and reducing the risk of litigation over subjective interpretations.
Stipulated Reasonableness. Executive acknowledges and agrees that the nature of Executive’s position, the period of time necessary to fill Executive’s position in the event Executive’s employment is terminated, the period of time necessary to allow customers of Employer’s business to become familiar with Executive’s replacement, and the period of time necessary to cause an end to the identification between Executive and Employer in the minds of Employer’s customers and vendors, requires that the eighteen (18) month noncompetition and nonsolicitation period be imposed for the protection of Employer’s investment in its business, and that the period is reasonable and justified.
Stipulated Reasonableness. Executive acknowledges that the nature of Executive’s position, the period of time necessary to fill Executive’s position in the event Executive’s employment is terminated, the period of time necessary to allow customers of Employer’s business to become familiar with Executive’s replacement in the event Executive’s employment is terminated, and the period of time necessary to obliterate the identification between Employer and Executive in the minds of Employer’s customers commands that the two (2) year restrictive period be imposed hereunder for the protection of Employer’s investment in its business. Executive further agrees the restrictions contained in this Agreement shall apply no matter how his employment terminates and regardless of whether the termination is voluntary or involuntary. Executive further agrees that the restrictions contained in this Agreement shall survive the termination of his employment.
Stipulated Reasonableness. Employee acknowledges that the nature of Employee’s position, the period of time necessary to fill Employee’s position in the event Employee’s employment is terminated, the period of time necessary to allow customers of Employer’s business to become familiar with Employee’s replacement in the event Employee’s employment is terminated, and the period of time necessary to obliterate the identification between Employer and Employee in the minds of Employer’s customers, reasonably requires that the three(3) year non-competition period be imposed hereunder for the protection of Employer’s investment in its business. Employee further agrees the restrictions contained in this Agreement shall apply no matter how or why his/her employment terminates and regardless of whether the termination is voluntary or involuntary. Employee further agrees that the restrictions contained in this Agreement shall survive the termination of his/her employment.
Stipulated Reasonableness. Executive acknowledges that the nature of Executive’s position, the period of time necessary to fill Executive’s position, Executive’s access to Confidential Information, and the period of time necessary to erase the identification between Company and Executive, commands that the two (2) year non-solicitation and eighteen (18) month non-competition periods be imposed for the protection of Company’s and its parent company’s legitimate interests.
Stipulated Reasonableness. Contractor acknowledges that the nature of its position and access to ChartHouse’s confidential information, the period of time necessary to allow clients to become familiar with ChartHouse’s replacement, and the period of time necessary to obliterate the identification between ChartHouse and Contractor in the minds of ChartHouse’s Customers commands that the twelve month noncompetition period be imposed for the protection of ChartHouse’s investment in its business. Contractor further acknowledges and agrees that the restrictions contained in this Agreement shall apply no matter how or why this Agreement terminates and shall survive termination.
Stipulated Reasonableness. In the circumstances in which this Agreement was entered into, including without limitation, the payment of the Purchase Price and additional consideration and covenants agreed to by Ceridian Holding and Ceridian Canada in the Purchase Agreement, as well as the nature of Ossip’s position within the Company (prior to and post Closing), and the grant of Equity Awards, Ossip expressly acknowledges and agrees that that both the length of time and geographic scope of the restrictions contained in this Agreement are reasonable in the circumstances. Ossip further acknowledges and agrees that the covenants contained in this Agreement by Ossip are essential to the Ceridian Group, and that without the covenants set forth in this Agreement, Ceridian Holding and Ceridian Canada would not have entered into the Purchase Agreement or consummated the transaction therein contemplated, nor would the Company have extended an offer of employment to or continued the employment of Ossip, nor would Ceridian HCM Holding Inc. grant the Equity Awards to Ossip.