Common use of Competitive Activities Clause in Contracts

Competitive Activities. (a) The Executive agrees and acknowledges that by virtue of his employment hereunder, he will maintain an intimate knowledge of the activities and affairs of the Employer, including trade secrets, plans, business plans, strategies, projections, market studies, customer information, employee records and other internal proprietary and confidential information and matters (collectively “Confidential Information”). As a result, and also because of the special, unique and extraordinary services that the Executive is capable of performing for the Employer or one of its competitors, the Executive recognizes that the services to be rendered by him hereunder are of a character giving them a peculiar value, the loss of which cannot be adequately or reasonably compensated for by damages.

Appears in 6 contracts

Samples: Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.)

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Competitive Activities. (a) The Executive Officer agrees and acknowledges that by virtue of his employment hereunder, he will maintain an intimate knowledge of the activities and affairs of the Employer, including trade secrets, plans, business plans, strategies, projections, market studies, customer information, employee records and other internal proprietary and confidential information and matters (collectively “Confidential Information”). As a result, and also because of the special, unique and extraordinary services that the Executive Officer is capable of performing for the Employer or one of its competitors, the Executive Officer recognizes that the services to be rendered by him hereunder are of a character giving them a peculiar value, the loss of which cannot be adequately or reasonably compensated for by damages.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (Willow Financial Bancorp, Inc.), Control Severance Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.)

Competitive Activities. (a) The Executive agrees and acknowledges that by virtue of his employment hereunder, he will maintain an intimate knowledge of the activities and affairs of the EmployerEmployers, including trade secrets, plans, business plans, strategies, projections, market studies, customer information, employee records and other internal proprietary and confidential information and matters (collectively “Confidential Information”). As a result, and also because of the special, unique and extraordinary services that the Executive is capable of performing for the Employer Employers or one of its competitors, the Executive recognizes that the services to be rendered by him hereunder are of a character giving them a peculiar value, the loss of which cannot be adequately or reasonably compensated for by damages.

Appears in 3 contracts

Samples: Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Grove Bancorp Inc/New)

Competitive Activities. (a) The Executive Officer agrees and acknowledges that by virtue of his employment hereunder, he she will maintain an intimate knowledge of the activities and affairs of the Employer, including trade secrets, plans, business plans, strategies, projections, market studies, customer information, employee records and other internal proprietary and confidential information and matters (collectively "Confidential Information"). As a result, and also because of the special, unique and extraordinary services that the Executive Officer is capable of performing for the Employer or one of its competitors, the Executive Officer recognizes that the services to be rendered by him his hereunder are of a character giving them a peculiar value, the loss of which cannot be adequately or reasonably compensated for by damages.

Appears in 3 contracts

Samples: Control Severance Agreement (Willow Grove Bancorp Inc/New), Control Severance Agreement (Willow Grove Bancorp Inc/New), Control Severance Agreement (Willow Grove Bancorp Inc/New)

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Competitive Activities. (a) The Executive agrees and acknowledges that by virtue of his employment hereunder, he will maintain an intimate knowledge of the activities and affairs of the Employer, including trade secrets, plans, business plans, strategies, projections, market studies, customer information, employee records and other internal proprietary and confidential information and matters (collectively "Confidential Information"). As a result, and also because of the special, unique and extraordinary services that the Executive is capable of performing for the Employer or one of its competitors, the Executive recognizes that the services to be rendered by him hereunder are of a character giving them a peculiar value, the loss of which cannot be adequately or reasonably compensated for by damages.

Appears in 1 contract

Samples: Employment Agreement (Willow Grove Bancorp Inc/New)

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