Common use of No Competition Clause in Contracts

No Competition. The Executive's employment is subject to the --------------- condition that during the term of his employment hereunder and for a period of 24 months following the date his employment ceases for any reason, the Executive (i) shall not, directly or indirectly, own, manage, operate, control or participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, individual proprietor, lender, consultant or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any entity or business (a "Competitive Operation") which competes in the banking industry or with any other business conducted by the Employer or by any group, affiliate, division or subsidiary of the Employer, in Madison, Oneida or Onondaga County, (ii) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person to leave employment with the Employer; and (iii) will refrain from soliciting or encouraging any customer to terminate or otherwise modify adversely its business relationship with the Employer. The Executive shall fully advise the Employer as to any activity, interest, or investment the Executive may be involved in that might violate the terms of this paragraph upon the request of Employer.

Appears in 6 contracts

Samples: Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp)

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No Competition. The Executive's ’s employment is subject to the --------------- condition that during the term of his employment hereunder and for a period of 24 months following the date his employment ceases for any reason, the Executive (i) shall not, directly or indirectly, own, manage, operate, control or participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, individual proprietor, lender, consultant or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any entity or business (a "Competitive Operation") which competes in the banking industry or with any other business conducted by the Employer or by any group, affiliate, division or subsidiary of the Employer, in Madison, Oneida or Onondaga County, (ii) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person to leave employment with the Employer; and (iii) will refrain from soliciting or encouraging any customer to terminate or otherwise modify adversely its business relationship with the Employer. The Executive shall fully advise the Employer as to any activity, interest, or investment the Executive may be involved in that might violate the terms of this paragraph upon the request of Employer.

Appears in 6 contracts

Samples: Employment Agreement (Oneida Financial Corp.), Employment Agreement (Oneida Financial Corp.), Employment Agreement (Oneida Financial Corp.)

No Competition. The Executive's employment is subject to the --------------- condition that during the term of his employment hereunder and for a period of 24 months following the date his employment ceases for any reason, the Executive (i) shall not, directly or indirectly, own, manage, operate, control or participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, individual proprietor, lender, consultant or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any entity or business (a "Competitive Operation") which competes in the banking industry or with any other business conducted by the Employer or by any group, affiliate, division or subsidiary of the Employer, in Madison, Oneida or Onondaga County, (ii) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person to leave employment with the Employer; and (iii) will refrain from soliciting or encouraging any customer to terminate or otherwise modify adversely its business relationship with the Employer. The Executive shall fully advise the Employer as to any activity, interest, or investment the Executive may be involved in that might violate the terms of this paragraph upon the request of Employer.

Appears in 6 contracts

Samples: Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp), Employment Agreement (Oneida Financial Corp)

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No Competition. The Executive's ’s employment is subject to the --------------- condition that during the term of his her employment hereunder and for a period of 24 months following the date his her employment ceases for any reason, the Executive (i) shall not, directly or indirectly, own, manage, operate, control or participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, individual proprietor, lender, consultant or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any entity or business (a "Competitive Operation") which competes in the banking industry or with any other business conducted by the Employer or by any group, affiliate, division or subsidiary of the Employer, in Madison, Oneida or Onondaga County, (ii) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person to leave employment with the Employer; and (iii) will refrain from soliciting or encouraging any customer to terminate or otherwise modify adversely its business relationship with the Employer. The Executive shall fully advise the Employer as to any activity, interest, or investment the Executive may be involved in that might violate the terms of this paragraph upon the request of Employer.

Appears in 1 contract

Samples: Employment Agreement (Oneida Financial Corp.)

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