Common use of No Recruitment of Personnel Clause in Contracts

No Recruitment of Personnel. During the Executive's employment with the Employer and for a period of 12 months thereafter, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, solicit or induce any employee of or consultant to the Employer or any of its subsidiaries or affiliates to leave his or her position with the Employer (or the subsidiary or affiliate) for the purpose of providing banking services to another business, or recruit or attempt to recruit such persons to accept employment or any other position with another business that is providing banking services. This restriction does not apply after a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (First Capital Bank Holding Corp)

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No Recruitment of Personnel. During the Executive's ’s employment with the Employer and for a period of 12 months thereafter, the Executive shall not, either directly or indirectly, on the Executive's ’s own behalf or in the service or on behalf of others, solicit or induce any employee of or consultant to the Employer or any of its subsidiaries or affiliates to leave his or her position with the Employer (or the subsidiary or affiliate) for the purpose of providing banking services to another business, or recruit or attempt to recruit such persons to accept employment or any other position with another business that is providing banking services. This restriction does not apply after a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (First Capital Bank Holding Corp)

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