Non-compete Provision. The Executive shall forfeit any unpaid benefits under this Agreement if during the term of his employment and for two (2) years thereafter, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, 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):
Appears in 5 contracts
Samples: Supplemental Executive Retirement Agreement (North Penn Bancorp, Inc.), Supplemental Executive Retirement Agreement (North Penn Bancorp, Inc.), Supplemental Executive Retirement Agreement (New North Penn Bancorp Inc)
Non-compete Provision. The Executive shall forfeit any unpaid benefits under this Agreement if during the term of his employment this Agreement, and for two (2) a period of five years thereafterafter payment of benefits has commenced, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (5 3%) or less in the stock of a publicly-traded company):
Appears in 4 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Non-compete Provision. The Executive shall forfeit any unpaid benefits under this Agreement if during the term of his employment this Agreement, and for two (2) years thereaftera period of one year after payment of benefits has commenced, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, stockholder partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (5 3%) or less in the stock of a publicly-traded company):β
Appears in 1 contract
Non-compete Provision. The Executive shall forfeit any unpaid benefits under this Agreement if during the term of his employment this Agreement, and for two (2) years thereafterbefore all benefits have been paid, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of five three percent (5 3%) or less in the stock of a publicly-traded company):
Appears in 1 contract
Samples: Retirement Plan Agreement (Malvern Federal Bancorp Inc)
