Common use of Non-Compete Provision Clause in Contracts

Non-Compete Provision. The Trustee shall not, for the term of this Agreement and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five percent (5%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any financial institution if the Trustee’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius of the main office maintained by the Bank as of the date of the termination of the Trustee’s service; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any of its subsidiaries immediately prior to the termination of the Trustee’s service; (iii) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contracts, or accounts for services of a kind or nature like or substantially similar to the services performed or products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank or any of its subsidiaries provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s service; or (iv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or the Bank or any of its subsidiaries including, but not limited to, the names and addresses of customers or prospective customers of the Bank or any of its subsidiaries, as they may have existed from time to time, work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiaries. The restrictions contained in this subparagraph (iv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that becomes known to the general public from sources other than the Trustee.

Appears in 2 contracts

Sources: Trustee Deferred Compensation Agreement (Laurel Capital Group Inc), Trustee Deferred Compensation Agreement (Laurel Capital Group Inc)

Non-Compete Provision. The Trustee Executive shall not, for forfeit any non-distributed benefits under this Agreement if during the term of this Agreement and until all benefits have been distributedfor within twenty-four (24) months following a Separation from Service, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly publicly-traded company): (i) become becomes employed by, participate participates in, or be becomes connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the TrusteeExecutive’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank as of the date of the termination of the TrusteeExecutive’s serviceSeparation from Service; (ii) participate participates in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by in the service of the Bank or any of its subsidiaries immediately prior to the termination as of the Trusteedate of the Executive’s serviceSeparation from Service; (iii) sellassists, offer advises, or serves in any capacity, representative or otherwise, any third party in any action against the Bank or transaction involving the Bank; (iv) sells, offers to sell, provide provides banking or other financial services, assist assists any other person in selling or providing banking or other financial services, or solicit solicits or otherwise compete competes for, either directly or indirectly, any orders, contractsHOMEFEDERAL BANK Supplemental Executive Retirement Plan contract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank Executive or any the Bank, to the knowledge of its subsidiaries the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the TrusteeExecutive’s service; orSeparation from Service; (ivv) divulgedivulges, disclosediscloses, or communicate communicates to others in any manner whatsoever, any non-public confidential information of the Corporation or Bank, to the Bank or any knowledge of its subsidiaries the Executive, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesBank, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesBank, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesBank. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Bank, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeExecutive.

Appears in 1 contract

Sources: Supplemental Executive Retirement Agreement (Home Federal Bancorp)

Non-Compete Provision. The Trustee Trust shall not, for forfeit any unpaid benefits under this Agreement if during the term of this Agreement Agreement, and until before all benefits have been distributedpaid, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly publicly-traded company): (i) become becomes employed by, participate participates in, or be becomes connected in ill any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the TrusteeExecutive’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank as of the date of the termination of the TrusteeExecutive’s serviceemployment; (ii) participate participates in any way in ill hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any as of its subsidiaries immediately prior to the date of termination of the TrusteeExecutive’s serviceemployment; (iii) sellassists, offer advises, or serves in any capacity, representative or otherwise, any third party in any action against the Bank or transaction involving the Bank; (iv) sells, offers to sell, provide provides banking or other financial services, assist assists any other person in selling or providing banking or other financial services, or solicit solicits or otherwise compete competes for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank Executive or any the Bank, to the knowledge of its subsidiaries the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the TrusteeExecutive’s service; oremployment; (ivv) divulgedivulges, disclosediscloses, or communicate communicates to others in any manner whatsoever, any non-public confidential information of the Corporation or Bank, to the Bank or any knowledge of its subsidiaries the Executive, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesBank, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesBank, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesBank. The restrictions contained in ill this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Bank, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeExecutive.

Appears in 1 contract

Sources: Death Benefit Plan and Agreement (Mid Penn Bancorp Inc)

Non-Compete Provision. The Trustee Executive shall not, for three (3) years following the term date of this Agreement and until all benefits have been distributedTermination of Employment, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the Trustee’s Executive's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank Employers as of the date of the termination of the Trustee’s serviceExecutive's employment; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-part- time or permanent basis, any individual who was employed by the Bank or any Employers as of its subsidiaries immediately prior to the date of termination of the Trustee’s serviceExecutive's employment; (iii) assist, advise, or serve in any capacity, representative or otherwise, any third party in any action against the Employers or transaction involving the Employers; (iv) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries Employers (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank Executive or any of its subsidiaries the Employers, to the knowledge fo the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s service; orExecutive's employment; (ivv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or Employers, to the Bank or any knowledge of its subsidiaries the Executive , including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesEmployers, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesEmployers, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesEmployers. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Employers, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeExecutive.

Appears in 1 contract

Sources: Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp)

Non-Compete Provision. The Trustee Director shall not, for the term a period of this Agreement and until all benefits have been distributed12 months following termination of service, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the Trustee’s Director's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main office maintained by the Bank Company as of the date of the termination of the Trustee’s Director's service;; or (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any Company as of its subsidiaries immediately prior to the date of termination of the Trustee’s Director's service;; or (iii) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries Company (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank Director or any the Company, to the knowledge of its subsidiaries the Director, provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s Director's service; or (iv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public nonpublic confidential information of the Corporation or Company, to the Bank or any knowledge of its subsidiaries the Director, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesCompany, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesCompany, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesCompany. The restrictions contained in this subparagraph (iv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Company, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that becomes known to the general public from sources other than the TrusteeDirector.

Appears in 1 contract

Sources: Director Agreement (Se Financial Corp)

Non-Compete Provision. The Trustee Participant shall not, for the term a period of this Agreement and until all benefits have been distributed12 months following Termination of Employment, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five percent (5%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the TrusteeParticipant’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main office maintained by the Bank as of the date of the termination of the TrusteeParticipant’s serviceemployment; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any as of its subsidiaries immediately prior to the date of termination of the TrusteeParticipant’s serviceemployment; (iii) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contracts, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank Participant or any the Bank, to the knowledge of its subsidiaries the Participant, provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the TrusteeParticipant’s serviceemployment; or (iv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public nonpublic confidential information of the Corporation or the Bank or any of its subsidiaries subsidiaries, including, but not limited to, the names and addresses of customers or prospective customers of the Bank or any of its subsidiaries, as they may have existed from time to time, work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiaries. The restrictions contained in this subparagraph (iv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Bank, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that becomes known to the general public from sources other than the TrusteeParticipant.

Appears in 1 contract

Sources: Group Term Carve Out Plan (Laurel Capital Group Inc)

Non-Compete Provision. The Trustee Executive shall not, for the term of this Agreement Plan and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the Trustee’s Executive's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank Company as of the date of the termination of the Trustee’s serviceExecutive's employment; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any Company as of its subsidiaries immediately prior to the date of termination of the Trustee’s serviceExecutive's employment; (iii) assist, advise, or serve in any capacity, representative or otherwise, any third party in any action against the Company or transaction involving the Company; (iv) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries Company (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank Executive or any the Company, to the knowledge of its subsidiaries the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s service; orExecutive's employment; (ivv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or Company, to the Bank or any knowledge of its subsidiaries the Executive , including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesCompany, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesCompany, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesCompany. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Company, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeExecutive.

Appears in 1 contract

Sources: Incentive Retirement Agreement (Se Financial Corp)

Non-Compete Provision. The Trustee Executive shall not, for forfeit any non-distributed benefits under this Agreement if during the term of this Agreement and until all benefits have been distributedwithin twenty-four (24) months following a Separation from Service, the Executive, directly or indirectly, either as an individual or as a proprietor, proprietors stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly publicly-traded company): (i) become becomes employed by, participate participates in, or be becomes connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the Trustee’s Executive's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank as of the date of the termination of the Trustee’s serviceExecutive's employment; (ii) participate participates in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any as of its subsidiaries immediately prior to the date of termination of the Trustee’s serviceExecutive's employment; (iii) sellassists, offer advises, or serves in any capacity, representative or otherwise, any third party in any action against the Bank or transaction involving the Bank; (iv) sells, offers to sell, provide provides banking or other financial services, assist assists any other person in selling or providing banking or other financial services, or solicit solicits or otherwise compete competes for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank Executive or any the Bank, to the knowledge of its subsidiaries the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s service; orExecutive's employment; (ivv) divulgedivulges, disclosediscloses, or communicate communicates to others in any manner whatsoever, any non-public confidential information of the Corporation or Bank, to the Bank or any knowledge of its subsidiaries the Executive, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesBank, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesBank, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesBank. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Bank, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeExecutive.

Appears in 1 contract

Sources: Supplemental Executive Retirement Agreement (Mifflinburg Bancorp Inc)

Non-Compete Provision. The Trustee Participant shall not, for the term of this Agreement Plan and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five one percent (51%) or less in the stock of a publicly publicly-traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any financial institution if the Trustee’s Executive's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank as of the date of the termination of the Trustee’s service;Executive's employment; or (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank Company or any of its subsidiaries during the three (3) year period immediately prior to the termination of the Trustee’s service;Participant's employment; or (iii) assist, advise, or serve in any capacity, representative or otherwise, any third party in any action against the Company or any of its subsidiaries or transaction involving the Company or any of its subsidiaries; or (iv) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the services performed or products sold by the Bank Company or any of its subsidiaries (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank Participant or the Company or any of its subsidiaries provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s serviceParticipant's employment; or (ivv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or the Bank Company or any of its subsidiaries subsidiaries, including, but not limited to, the names and addresses of customers or prospective customers of the Bank Company or any of its subsidiaries, as they may have existed from time to timetime or of any of the Company's or any of its subsidiaries' prospective customers, work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank Company or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank Company or any of its subsidiaries. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank Company or any of its subsidiaries regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that unless and until it becomes known to the general public from sources other than the TrusteeParticipant.

Appears in 1 contract

Sources: Group Term Carve Out Plan (Se Financial Corp)

Non-Compete Provision. The Trustee shall not, for the term a period of this Agreement and until all benefits have been distributed12 months following termination of service, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five percent (5%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the Trustee’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main office maintained by the Bank as of the date of the termination of the Trustee’s service; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any as of its subsidiaries immediately prior to the date of termination of the Trustee’s service; (iii) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contracts, or accounts for services of a kind or nature like or substantially similar to the services performed or products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank or any of its subsidiaries provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s service; or (iv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or the Bank or any of its subsidiaries including, but not limited to, the names and addresses of customers or prospective customers of the Bank or any of its subsidiaries, as they may have existed from time to time, work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiaries. The restrictions contained in this subparagraph (iv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that becomes known to the general public from sources other than the Trustee.

Appears in 1 contract

Sources: Trustee Split Dollar Agreement (Laurel Capital Group Inc)

Non-Compete Provision. The Trustee Participant shall not, for the term of this Agreement and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, directorParticipant, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the TrusteeParticipant’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank Corporation as of the date of the termination of the TrusteeParticipant’s serviceemployment; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any Corporation as of its subsidiaries immediately prior to the date of termination of the TrusteeParticipant’s serviceemployment; (iii) assist, advise, or serve in any capacity, representative or otherwise, any third party in any action against the Corporation or transaction involving the Corporation; (iv) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries Corporation (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank Participant or any the Corporation, to the knowledge of its subsidiaries the Participant provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the TrusteeParticipant’s service; oremployment; (ivv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or Corporation, to the Bank or any knowledge of its subsidiaries the Participant, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesCorporation, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank Corporation or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesCorporation. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Corporation, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeParticipant.

Appears in 1 contract

Sources: Group Term Carve Out Plan (First Farmers & Merchants Corp)

Non-Compete Provision. The Trustee shall not, for the term of this Agreement and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five percent (5%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any financial institution if the Trustee’s 's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius of the main office maintained by the Bank as of the date of the termination of the Trustee’s 's service; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any of its subsidiaries immediately prior to the termination of the Trustee’s 's service; (iii) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contracts, or accounts for services of a kind or nature like or substantially similar to the services performed or products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank or any of its subsidiaries provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s 's service; or (iv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or the Bank or any of its subsidiaries including, but not limited to, the names and addresses of customers or prospective customers of the Bank or any of its subsidiaries, as they may have existed from time to time, work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiaries. The restrictions contained in this subparagraph (iv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that becomes known to the general public from sources other than the Trustee.

Appears in 1 contract

Sources: Trustee Deferred Compensation Agreement (Laurel Capital Group Inc)

Non-Compete Provision. The Trustee Director shall not, for the term of this Agreement and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the TrusteeDirector’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank Corporation as of the date of the termination of the TrusteeDirector’s service; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any Corporation as of its subsidiaries immediately prior to the date of termination of the TrusteeDirector’s service; (iii) assist, advise, or serve in any capacity, representative or otherwise, any third party in any action against the Corporation or transaction involving the Corporation; (iv) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries Corporation (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank Director or any the Corporation, to the knowledge of its subsidiaries the Director provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the TrusteeDirector’s service; or; (ivv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or Corporation, to the Bank or any knowledge of its subsidiaries the Director, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesCorporation, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank Corporation or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesCorporation. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Corporation, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeDirector.

Appears in 1 contract

Sources: Director Split Dollar Agreement (First Farmers & Merchants Corp)

Non-Compete Provision. The Trustee shall not, for the term of this Agreement and until all benefits have been distributed, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five percent (5%) or less in the stock of a publicly traded company): (i) become employed by, participate in, or be connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any financial institution if the Trustee’s 's responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius of the main office maintained by the Bank as of the date of the termination of the Trustee’s 's service; (ii) participate in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any of its subsidiaries immediately prior to the termination of the Trustee’s 's service; (iii) sell, offer to sell, provide banking or other financial services, assist any other person in selling or providing banking or other financial services, or solicit or otherwise compete for, either directly or indirectly, any orders, contracts, or accounts for services of a kind or nature like or substantially similar to the services performed or products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as "Services"), to or from any person or entity from whom the Bank or any of its subsidiaries provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the Trustee’s 's service; or (iv) divulge, disclose, or communicate to others in any manner whatsoever, any non-public confidential information of the Corporation or the Bank or any of its subsidiaries including, but not limited to, the names and addresses of customers or prospective customers of the Bank or any of its subsidiaries, as they may have existed from time to time, work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiaries, earnings or other information concerning the Corporation or the Bank or any of its subsidiaries. The restrictions contained in this subparagraph (iv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph shall not apply to any information that becomes known to the general public from sources other than the Trustee.its

Appears in 1 contract

Sources: Trustee Deferred Compensation Agreement (Laurel Capital Group Inc)

Non-Compete Provision. The Trustee Executive shall not, for forfeit any unpaid benefits under this Agreement if during the term of this Agreement Agreement, and until before all benefits have been distributedpaid, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, trustee, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (53%) or less in the stock of a publicly publicly-traded company): (i) become becomes employed by, participate participates in, or be becomes connected in any manner with the ownership, management, operation or control of any bank, savings and loan or any other similar financial institution if the TrusteeExecutive’s responsibilities will include providing banking or other financial services within the twenty-five (25) mile radius miles of the main any office maintained by the Bank as of the date of the termination of the TrusteeExecutive’s serviceemployment; (ii) participate participates in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank or any as of its subsidiaries immediately prior to the date of termination of the TrusteeExecutive’s serviceemployment; (iii) sellassists, offer advises, or serves in any capacity, representative or otherwise, any third party in any action against the Bank or transaction involving the Bank; (iv) sells, offers to sell, provide provides banking or other financial services, assist assists any other person in selling or providing banking or other financial services, or solicit solicits or otherwise compete competes for, either directly or indirectly, any orders, contractscontract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank or any of its subsidiaries (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Bank Executive or any the Bank, to the knowledge of its subsidiaries the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three (3) year period immediately prior to the termination of the TrusteeExecutive’s service; oremployment; (ivv) divulgedivulges, disclosediscloses, or communicate communicates to others in any manner whatsoever, any non-public confidential information of the Corporation or Bank, to the Bank or any knowledge of its subsidiaries the Executive, including, but not limited to, the names and addresses of customers or prospective customers customers, of the Bank or any of its subsidiariesBank, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank or any of its subsidiariesBank, earnings or other information concerning the Corporation or the Bank or any of its subsidiariesBank. The restrictions contained in this subparagraph (ivv) apply to all nonpublic confidential information regarding the Corporation or the Bank or any of its subsidiaries Bank, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, the restriction set forth in this paragraph all information referred to herein shall not apply to any information that be disclosed unless and until it becomes known to the general public from sources other than the TrusteeExecutive.

Appears in 1 contract

Sources: Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc)