Common use of NON-COMPETITION AND NON-DISCLOSURE Clause in Contracts

NON-COMPETITION AND NON-DISCLOSURE. (a) Upon any termination of Executive's employment hereunder pursuant to Section 4 hereof, Executive agrees not to compete with the Association for a period of one (1) year following such termination in any city, town or county in which the Executive's normal business office is located and the Association has an office or has filed an application for regulatory approval to establish an office and any county adjacent to such city, town or county, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Association. The parties hereto, recognizing that irreparable injury will result to the Association, its business and property in the event of Executive's breach of this Subsection 10(a) agree that in the event of any such breach by Executive, the Association will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employees and all persons acting for or under the direction of Executive. Nothing herein will be construed as prohibiting the Association from pursuing any other remedies available to the Association for such breach or threatened breach, including the recovery of damages from Executive.

NON-COMPETITION AND NON-DISCLOSURE. (a) Upon any termination of Executive's employment hereunder pursuant to Section 4 hereof, Executive agrees not to compete with the Association Bank for a period of one (1) year following such termination in any city, town or county in which the Executive's normal business office is located and the Association Bank has an office or has filed an application for regulatory approval to establish an office and any county adjacent to such city, town or county, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the AssociationBank. The parties hereto, recognizing that irreparable injury will result to the AssociationBank, its business and property in the event of Executive's breach of this Subsection 10(a) agree that in the event of any such breach by Executive, the Association Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employees and all persons acting for or under the direction of Executive. Nothing herein will be construed as prohibiting the Association Bank from pursuing any other remedies available to the Association Bank for such breach or threatened breach, including the recovery of damages from Executive.

NON-COMPETITION AND NON-DISCLOSURE. (a) Upon any termination of Executive's employment hereunder pursuant to an Event of Termination as provided in Section 4 hereof, Executive agrees not to compete with the Association Holding Company or its subsidiaries for a period of one (1) year following such termination in any city, town or county in which the Executive's normal business office is located and the Association has Holding Company or its subsidiaries have an office or has have filed an application for regulatory approval to establish an office and any county adjacent to such city, town or countyoffice, determined as of the effective date of such termination, termination except as otherwise agreed to pursuant to a resolution duly adopted by the Board. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work in an executive capacity for or advise, consult or otherwise serve with, directly or indirectly, any entity financial institution whose business materially competes with the depository, lending or other business activities of the AssociationHolding Company or its subsidiaries. The parties hereto, recognizing that irreparable injury will result to the AssociationHolding Company or its subsidiaries, its business and property in the event of Executive's breach of this Subsection 10(a11 (a) agree that in the event of any such breach by Executive, the Association Holding Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employers, employees and all persons acting for or under the direction of with Executive. Nothing herein will be construed as prohibiting the Association Holding Company from pursuing any other remedies available to the Association Holding Company for such breach or threatened breach, including the recovery of damages from Executive.

NON-COMPETITION AND NON-DISCLOSURE. (a) Upon any termination of Executive's employment hereunder pursuant to an Event of Termination as provided in Section 4 hereof, Executive agrees not to compete with the Association Holding Company or its subsidiaries for a period of one (1) year following such termination in any city, town or county in which the Executive's normal business office is located and the Association has Holding Company or its subsidiaries have an office or has have filed an application for regulatory approval to establish an office and any county adjacent to such city, town or countyoffice, determined as of the effective date of such termination, termination except as otherwise agreed to pursuant to a resolution duly adopted by the Board. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work in an executive capacity for or advise, consult or otherwise serve with, directly or indirectly, any entity financial institution whose business materially competes with the depository, lending or other business activities of the AssociationHolding Company or its subsidiaries. The parties hereto, recognizing that irreparable injury will result to the AssociationHolding Company or its subsidiaries, its business and property in the event of Executive's breach of this the Subsection 10(a11 (a) agree that in the event of any such breach by Executive, the Association Holding Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employers, employees and all persons acting for or under the direction of with Executive. Nothing herein will be construed as prohibiting the Association Holding Company from pursuing any other remedies available to the Association Holding Company for such breach or threatened breach, including the recovery of damages from Executive.