Competition After Termination of Employment. No benefits shall continue to be paid or shall be payable and Executive shall forfeit any right to benefits if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company. This section 5.3 shall not apply following a Change of Control.
Appears in 5 contracts
Samples: Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp), Continuation Agreement (First Community Financial Corp)
