Common use of Reasonableness of Restrictions Clause in Contracts

Reasonableness of Restrictions. Executive further recognizes and acknowledges that (i) the types of employment which are prohibited by this Section 5 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, and (ii) the broad geographical scope of the provisions of this Section 5 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, and in light of the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s livelihood.

Appears in 14 contracts

Samples: Employment Agreement (Ocular Therapeutix, Inc), Employment Agreement (Ocular Therapeutix, Inc), Employment Agreement

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Reasonableness of Restrictions. Executive further recognizes and acknowledges that (i) the types of employment which are prohibited by this Section 5 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, and (ii) the broad geographical scope of the provisions of this Section 5 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, particularly pharmaceutical research and development, and in light of the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s livelihood.

Appears in 14 contracts

Samples: Employment Agreement (PTC Therapeutics, Inc.), Employment Agreement (PTC Therapeutics, Inc.), Employment Agreement (PTC Therapeutics, Inc.)

Reasonableness of Restrictions. Executive further recognizes and acknowledges that that: (i) the types of employment which are prohibited by this Section 5 7 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, ; and (ii) the broad temporal and geographical scope of the provisions of this Section 5 7 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, need to market its services and sell its products in order to have a sufficient customer base to make Company’s business profitable and in light of the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s his livelihood.

Appears in 11 contracts

Samples: Employment Agreement (Ophthotech Corp.), Letter Agreement (Argos Therapeutics Inc), Separation Agreement (Argos Therapeutics Inc)

Reasonableness of Restrictions. Executive further recognizes and acknowledges that (i) the types of employment which are prohibited by this Section 5 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, and (ii) the broad geographical scope of the provisions of this Section 5 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, particularly pharmaceutical research and development and in light of the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s livelihood.

Appears in 2 contracts

Samples: Employment Agreement (PTC Therapeutics, Inc.), Employment Agreement (PTC Therapeutics, Inc.)

Reasonableness of Restrictions. Executive further recognizes and acknowledges that (i) the types of employment which are prohibited by this Section 5 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, and (ii) the broad geographical scope of the provisions of this Section 5 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, particularly pharmaceutical research and development and in light of the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s livelihood.. ​

Appears in 1 contract

Samples: Employment Agreement (PTC Therapeutics, Inc.)

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Reasonableness of Restrictions. Executive further recognizes and acknowledges that that: (i) the types of employment which are prohibited by this Section 5 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, ; and (ii) the specific but broad temporal and geographical scope of the provisions of this Section 5 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, need to market its services and sell its products in light of a large geographic area in order to maintain a sufficient customer base and the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s his livelihood.

Appears in 1 contract

Samples: Employment Agreement (Wave2Wave Communications, Inc.)

Reasonableness of Restrictions. Executive further recognizes and acknowledges that that: (i) the types of employment which are prohibited by this Section 5 6 are narrow and reasonable in relation to the skills which represent Executive’s principal salable asset both to the Company and to Executive’s other prospective employers, ; and (ii) the broad temporal and geographical scope of the provisions of this Section 5 6 is reasonable, legitimate and fair to Executive in light of the global nature of the Company’s business, need to market its services and sell its products in order to have a sufficient customer base to make Company’s business profitable and in light of the limited restrictions on the type of employment prohibited herein compared to the types of employment for which Executive is qualified to earn Executive’s his livelihood.

Appears in 1 contract

Samples: Employment Agreement (Ophthotech Corp.)

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