Common use of Loyalty; Noncompetition Clause in Contracts

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, the Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, which will not present any conflict of interest with the Bank or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Executive's duties pursuant to this Agreement, or will not violate any applicable statute or regulation. "Full business time" is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Bank, or be gainfully employed in any other position or job other than as provided above.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote all his full business time, attention, skill, skill and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, the that Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, organizations which will not present any conflict of interest with the Bank or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Executive's ’s duties pursuant to this Agreement, or will not violate any applicable statute or regulation. "“Full business time" ” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Bank, Bank or be gainfully employed in any other position or job other than as provided above.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote all his full business time, attention, skill, skill and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, the that Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, organizations which will not present any conflict of interest with the Bank Company or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Executive's ’s duties pursuant to this Agreement, or will not violate any applicable statute or regulation. "“Full business time" ” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Bank, Bank or be gainfully employed in any other position or job other than as provided above.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, the Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, which will not present any conflict of interest with the Bank or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Executive's ’s duties pursuant to this Agreement, or will not violate any applicable statute or regulation. "“Full business time" ” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Bank, or be gainfully employed in any other position or job other than as provided above. However, notwithstanding any other provision of this Agreement, the Executive shall be entitled to attend to the wind-up affairs of his existing businesses.