Common use of Noncompetition Agreement and Nonsolicitation Agreement Clause in Contracts

Noncompetition Agreement and Nonsolicitation Agreement. 1. In view of your importance to the success of the Company, you and the Company agree that the Company would likely suffer significant harm from your competing with Company during your term of employment with Company and for some period of time thereafter. Accordingly, you agree that you will not engage in competitive activities while employed by Company and during the Restricted Period. You will be deemed to engage in competitive activities if you, without the prior written consent of the Company, (i) in Monroe County, Michigan and counties contiguous thereto (including the municipalities therein), render services directly or indirectly, as an employee, officer, director, consultant, advisor, partner or otherwise, for any organization or enterprise which competes directly or indirectly with the business of the Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance, or securities products or services) to consumers and businesses, or (ii) directly or indirectly acquire any financial or beneficial interest in (except as provided in the next sentence) any organization which conducts or is otherwise engaged in a business or enterprise in Monroe County, Michigan, and counties contiguous thereto (including all municipalities therein) which competes directly or indirectly with the business of Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance or securities products or services) to consumers and businesses. Notwithstanding the preceding sentence, you will not be prohibited from owning less than 1 percent of any publicly traded corporation, whether or not such corporation is in competition with the Company. For purposes hereof the term "Restricted Period" will equal one year, commencing as of the date of your termination of employment.

Noncompetition Agreement and Nonsolicitation Agreement. 1. In view of your importance to the success of the Company, you and the Company agree that the Company would likely suffer significant harm from your competing with Company during your term of employment with Company and for some period of time thereafter. Accordingly, you agree that you will not engage in competitive activities while employed by Company and during the Restricted Period. You will be deemed to engage in competitive activities if you, without the prior written consent of the Company, (i) in Monroe County, Michigan and counties contiguous thereto (including the municipalities therein), render services directly or indirectly, as an employee, officer, director, consultant, advisor, partner or otherwise, for any organization or enterprise which competes directly or indirectly with the business of the Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance, or securities products or services) to consumers and businesses, or (ii) directly or indirectly acquire any financial or beneficial interest in (except as provided in the next sentence) any organization which conducts or is otherwise engaged in a business or enterprise in Monroe County, Michigan, and counties contiguous thereto (including all municipalities therein) which competes directly or indirectly with the business of Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance or securities products or services) to consumers and businesses. Notwithstanding the preceding sentence, you will not be prohibited from owning less than 1 percent of any publicly traded corporation, whether or not such corporation is in competition with the Company. For purposes hereof the term "“Restricted Period" ” will equal one year, commencing as of the date of your termination of employment.

Noncompetition Agreement and Nonsolicitation Agreement. 1. In view of your Executive’s importance to the success of the Company, you Executive and the Company agree that the Company would likely suffer significant harm from your Executive’s competing with Company during your Executive’s term of employment with Company and for some period of time thereafter. Accordingly, you agree Executive agrees that you will Executive shall not engage in competitive activities while employed by Company and during the Restricted Period. You will Executive shall be deemed to engage in competitive activities if youhe shall, without the prior written consent of the Company, (i) in Monroe County, Michigan and counties contiguous thereto (including the municipalities therein), render services directly or indirectly, as an employee, officer, director, consultant, advisor, partner or otherwise, for any organization or enterprise which competes directly or indirectly with the business of the Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance, or securities products or services) to consumers and businesses, or (ii) directly or indirectly acquire acquires any financial or beneficial interest in (except as provided in the next sentence) any organization which conducts or is otherwise engaged in a business or enterprise in Monroe County, Michigan, and counties contiguous thereto (including all municipalities therein) which competes directly or indirectly with the business of Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance or securities products or services) to consumers and businesses. Notwithstanding the preceding sentence, you will Executive shall not be prohibited from owning less than that 1 percent of any publicly traded corporation, whether or not such corporation is in competition with the Company. For purposes hereof of this paragraph 9 the term "“Restricted Period" will ” shall equal one year, commencing as of the date of your Executive’s termination of employment.

Noncompetition Agreement and Nonsolicitation Agreement. 1. In view of your Executive's importance to the success of the Company, you Executive and the Company agree that the Company would likely suffer significant harm from your Executive's competing with Company during your Executive's term of employment with Company and for some period of time thereafter. Accordingly, you agree Executive agrees that you will Executive shall not engage in competitive activities while employed by Company and during the Restricted Period. You will Executive shall be deemed to engage in competitive activities if youhe shall, without the prior written consent of the Company, (i) in Monroe County, Michigan and counties contiguous thereto (including the municipalities therein), render services directly or indirectly, as an employee, officer, director, consultant, advisor, partner or otherwise, for any organization or enterprise which competes directly or indirectly with the business of the Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance, or securities products or services) to consumers and businesses, or (ii) directly or indirectly acquire acquires any financial or beneficial interest in (except as provided in the next sentence) any organization which conducts or is otherwise engaged in a business or enterprise in Monroe County, Michigan, and counties contiguous thereto (including all municipalities therein) which competes directly or indirectly with the business of Company or any of its affiliates in providing financial products or services (including, without limitation, banking, insurance or securities products or services) to consumers and businesses. Notwithstanding the preceding sentence, you will Executive shall not be prohibited from owning less than that 1 percent of any publicly traded corporation, whether or not such corporation is in competition with the Company. For purposes hereof of this paragraph 9 the term "Restricted Period" will equal one year, commencing as of the date of your termination of employment.