Common use of Covenant Not to Compete Clause in Contracts

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 10 contracts

Samples: Employment Agreement (Union National Financial Corp / Pa), Employment Agreement (Sterling Financial Corp /Pa/), Employment Agreement (Union National Financial Corp / Pa)

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Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 9 contracts

Samples: Employment Agreement (Acnb Corp), Employment Agreement (Acnb Corp), Agreement (Acnb Corp)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 8 contracts

Samples: Separation Agreement and General Release (Citizens & Northern Corp), Separation Agreement and General Release (Citizens & Northern Corp), Separation Agreement and General Release (Citizens & Northern Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation Main and of the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereofSubsection (c), the Executive shall will not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 8 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c7(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 7 contracts

Samples: Release Agreement (Malvern Bancorp, Inc.), Release Agreement (Malvern Bancorp, Inc.), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, ; Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 6 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 5 contracts

Samples: Employment Agreement (Acnb Corp), Employment Agreement (Acnb Corp), Employment Agreement (Acnb Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation Peoples and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, the Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 4 contracts

Samples: Agreement (Peoples Financial Services Corp.), Agreement (Peoples Financial Services Corp.), Agreement (Peoples Financial Services Corp/)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c6(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 4 contracts

Samples: Employment Agreement (Univest Corp of Pennsylvania), Employment Agreement (Univest Corp of Pennsylvania), Employment Agreement (Univest Corp of Pennsylvania)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Bank and the Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation Bank and the BankCorporation:

Appears in 4 contracts

Samples: Employment Agreement (LINKBANCORP, Inc.), Employment Agreement (LINKBANCORP, Inc.), Employment Agreement (LINKBANCORP, Inc.)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation Bancorp, Bank and Bank E&B and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 4 contracts

Samples: Employment Agreement (Leesport Financial Corp), Employment Agreement (First Leesport Bancorp Inc), Employment Agreement (First Leesport Bancorp Inc)

Covenant Not to Compete. (a) Executive a)Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:: 

Appears in 2 contracts

Samples: Agreement (Fidelity D & D Bancorp Inc), Agreement (Fidelity D & D Bancorp Inc)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation Bancorp and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 2 contracts

Samples: Employment Agreement (First Leesport Bancorp Inc), Employment Agreement (Leesport Financial Corp)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 2 contracts

Samples: Employment Agreement (Penn Laurel Financial Corp), Employment Agreement (Penn Laurel Financial Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation Sovereign and of the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, the Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 2 contracts

Samples: Agreement (Sidhu Special Purpose Capital Corp.), Agreement (Sovereign Bancorp Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c7 (c) hereof, the Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 2 contracts

Samples: Employment Agreement (First Jermyn Corp), Employment Agreement (First Jermyn Corp)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c7(c) hereof, ; Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 2 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and ACNB Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c2(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the ACNB Bank:

Appears in 1 contract

Samples: Agreement (Acnb Corp)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c10(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (East Penn Financial Corp)

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Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereofSubsection (c), the Executive shall will not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Release Agreement (First Priority Financial Corp.)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank its subsidiaries and accordingly affiliates and, accordingly, agrees that, during and for the applicable period set forth in Section 8(c) hereofof this Agreement, Executive shall not, except as otherwise permitted in writing by the Corporation and the BankCorporation:

Appears in 1 contract

Samples: Employment Agreement (Sterling Financial Corp /Pa/)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Bank and the Corporation and Bank and accordingly agrees that, during and for the applicable period Restricted Period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation Bank and the BankCorporation:

Appears in 1 contract

Samples: Employment Agreement (LINKBANCORP, Inc.)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

Covenant Not to Compete. (aA) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Bank and the Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c4.1(C) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation Bank and the BankCorporation:

Appears in 1 contract

Samples: Change in Control Agreement (LINKBANCORP, Inc.)

Covenant Not to Compete. (a) a)The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Corporation Peoples and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c) hereof, the Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Agreement (Peoples Financial Services Corp.)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of Bank and Corporation and Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation Bank and the BankCorporation:

Appears in 1 contract

Samples: Employment Agreement (GNB Financial Services Inc)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during the term of this Agreement, any additional period during which the Executive is receiving salary, benefits or other compensation according to the terms of this Agreement, and for the applicable period set forth in Section 8(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (Sunshine Bancorp, Inc.)

Covenant Not to Compete. (a) Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Corporation and the Bank and accordingly agrees that, during and for the applicable period set forth in Section 8(c9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Corporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

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