Common use of Covenants Relating to Employees Clause in Contracts

Covenants Relating to Employees. The Executive agrees, during the Severance Period, that the Executive will not solicit or attempt to persuade Company or Affiliated Company employees, or employees of the Company’s successors or assigns, to terminate their employment, and accept other employment within the Company’s Market Area. This covenant specifically prohibits solicitation of employees, in the event of resignation or termination of the Executive’s employment, to work with or for the Executive in a banking business in the Company’s Market Area during the Severance Period.

Appears in 2 contracts

Sources: Change of Control Agreement (Coast Financial Holdings Inc), Change of Control Agreement (Coast Financial Holdings Inc)