Common use of Compete Clause in Contracts

Compete. The term “Compete” means (i) soliciting or securing deposits from any Person residing in the Relevant Market for any Financial Institution; (ii) soliciting any Person residing in the Relevant Market to become a borrower from any Financial Institution, or assisting (other than through the performance of ministerial or clerical duties) any Financial Institution in making loans to any Person; (iii) including or attempting to induce any Person who was a Customer of the Bank on the date of termination of Officer’s employment with the Bank, to change such Customer’s depository, loan or other banking relationship from the Bank to another Financial Institution; (iv) acting as a consultant, officer, director, independent contractor, organizer, incorporator or employee of any Financial Institution that has, or intends to have in the future, its main or principal office in the Relevant Market, or, in acting in any such capacity with any other Financial Institution, to maintain an office or be employed at or assigned to or to have any direct involvement in the management, business or operation of , or the organization of any office of such Financial Institution located in the Relevant Market; or (v) communicating to any Financial Institution the names or addresses or any financial information concerning any Person who was a Customer of the Bank at the date of Officer’s termination of this Agreement.

Compete. The term “Compete” means means: (i) soliciting or securing deposits from any Person residing in the Relevant Market for any Financial Institution; (ii) soliciting any Person residing in the Relevant Market to become a borrower from any Financial InstitutionInstitution with which such Person has no prior relationship, or assisting (other than through the performance of ministerial or clerical duties) any Financial Institution with which such Person has no prior relationship in making loans to any such Person; (iii) including inducing or attempting to induce any Person who was a Customer of the Bank on the date of termination of OfficerEmployee’s employment with the Bank, to change such Customer’s depository, loan or and/or other banking relationship from the Bank to another Financial Institution; (iv) acting as a consultant, officer, director, independent contractor, organizer, incorporator or employee of any Financial Institution that has, or intends to have in the future, has its main or principal office in the Relevant Market, or, in acting in any such capacity with any other Financial Institution, to maintain an office or be employed at or assigned to or to have any direct involvement in the management, business or operation of , or the organization of any office of such Financial Institution located in the Relevant Market; or (v) communicating to any Financial Institution the names or addresses or any financial information concerning any Person who was a Customer of the Bank at the date of OfficerEmployee’s termination of this Agreement.