Common use of Non-Complete Clause in Contracts

Non-Complete. The Executive and Spouse will not be eligible to receive Executive Retiree Medical Benefits if the Executive is employed by any other financial institution following retirement from San ▇▇▇▇▇▇▇ Bank, unless San ▇▇▇▇▇▇▇ Bank elects, in its sole discretion, to waive this condition, "Employment" in this context includes all forms of employment, both full time and part time, as well as any form of consulting, whether paid or unpaid. "Financial institution" means any for profit or non-profit business enterprise that provides services that are the same as or are similar to any service provided by San ▇▇▇▇▇▇▇ Bank. Executive Retiree Medical Benefits cannot be reinstated once the Executive and Spouse have become ineligible to receive Executive Retiree Medical Benefits due to the Executive's employment by another financial institution, unless San ▇▇▇▇▇▇▇ Bank elects, in its sole discretion, to waive this condition.

Non-Complete. The Executive and Spouse will not be eligible to receive Executive Retiree Medical Benefits if the Executive is employed by any other financial institution following retirement from San Joaquin Bank, unless San Joaquin Bank elects, in its sole discr▇▇▇▇▇, to waive this con▇▇▇▇▇▇▇ Bank, unless San ▇▇▇▇▇▇▇ Bank elects, in its sole discretion, to waive this condition, "Employment" in this context includes all forms of employment, both full time and part time, as well as any form of consulting, whether paid or unpaid. "Financial institution" means any for profit or non-profit business enterprise that provides services that are the same as or are similar to any service provided by San ▇▇▇▇▇▇▇ Joaquin Bank. Executive Retiree Medical Benefits cannot be reinstated rei▇▇▇▇▇▇▇ once the Executive and Spouse have become ineligible to receive Executive Retiree Medical Benefits due to the Executive's employment by another financial institution, unless San ▇▇▇▇▇▇▇ Joaquin Bank elects, in its sole discretion, to waive this condition.