Send us Feedback

Allstate (ALL)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

ALL » Topics » 8.3 Reasonableness of Restrictive Covenants .

These excerpts taken from the ALL 10-K filed Feb 27, 2008.

8.3             Reasonableness of Restrictive Covenants.

(a)           Executive acknowledges that the covenants contained in Sections 8.1 and 8.2 are reasonable in the scope of the activities restricted, the geographic area covered by the restrictions, and the duration of the restrictions, and that such covenants are reasonably necessary to protect the Company’s relationships with its employees, customers and suppliers.  Executive further acknowledges such covenants are essential elements of this Agreement and that, but for such covenants, the Company would not have entered into this Agreement.

(b)           The Company and Executive have each consulted with their respective legal counsel and have been advised concerning the reasonableness and propriety of such covenants.  Executive acknowledges that his observance of the covenants contained in Sections 8.1 and 8.2 will not deprive him of the ability to earn a livelihood or to support his dependents.

8.3             Reasonableness of Restrictive
Covenants.



(a)           Executive acknowledges that the
covenants contained in Sections 8.1 and 8.2 are reasonable in the scope of the
activities restricted, the geographic area covered by the restrictions, and the
duration of the restrictions, and that such covenants are reasonably necessary
to protect the Company’s relationships with its employees, customers and
suppliers.  Executive further
acknowledges such covenants are essential elements of this Agreement and that,
but for such covenants, the Company would not have entered into this Agreement.



(b)           The Company and Executive have each
consulted with their respective legal counsel and have been advised concerning
the reasonableness and propriety of such covenants.  Executive acknowledges that his observance of
the covenants contained in Sections 8.1 and 8.2 will not deprive him of the
ability to earn a livelihood or to support his dependents.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2008

RELATED TOPICS for ALL:

"8.3 Reasonableness of Restrictive Covenants ." elsewhere:

Principal Financial Group (PFG)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki