Common use of Noncompetition and Confidentiality Clause in Contracts

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company for a period of one (1) year following such termination in any city, town or county in which Executive's normal business office is located or in which the Company or any subsidiary of the Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the Company. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive's breach of this Section 7(a), agree that in the event of any such breach by Executive, the 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, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 8(b) of this Agreement, Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's ’s employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company for a period of one (1) year following such termination in any city, town or county in which Executive's ’s normal business office is located or in which the Company or any subsidiary of the Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the Company. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive's ’s breach of this Section 7(a), agree that in the event of any such breach by Executive, the 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 ’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 8(b) of this Agreement, Executive's ’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's ’s employment hereunder pursuant to Section 8(b9(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company for a period of one (1) year following such termination in any city, town or county in which Executive's ’s normal business office is located or in which the Company or any subsidiary of the Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the Company. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive's ’s breach of this Section 7(a8(a), agree that in the event of any such breach by Executive, the 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 ’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 8(b9(b) of this Agreement, Executive's ’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's ’s employment hereunder pursuant to Section Sections 8(b) or (e) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company Bank for a period of one (1) year following such termination in any city, town or county in which Executive's ’s normal business office is located or in which the Company or any subsidiary of the Company Bank has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the CompanyBank. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the CompanyBank, and their business and property in the event of Executive's ’s breach of this Section 7(a), agree that in the event of any such breach by Executive, the Company 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 ’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company Bank pursuant to Section Sections 8(b) or (e) of this Agreement, Executive's ’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the CompanyBank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company Bank from pursuing any other remedies available to the Company Bank for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's employment hereunder pursuant to Section 8(b9(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company for a period of one (1) year following such termination in any city, town or county in which Executive's normal business office is located or in which the Company or any subsidiary of the Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the Company. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive's breach of this Section 7(a8(a), agree that in the event of any such breach by Executive, the 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, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 8(b9(b) of this Agreement, Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's ’s employment hereunder pursuant to Section 8(b9(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company Bank for a period of one (1) year following such termination in any city, town or county in which Executive's ’s normal business office is located or in which the Company or any subsidiary of the Company Bank has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the CompanyBank. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the CompanyBank, and their business and property in the event of Executive's ’s breach of this Section 7(a8(a), agree that in the event of any such breach by Executive, the Company 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 ’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company Bank pursuant to Section 8(b9(b) of this Agreement, Executive's ’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the CompanyBank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company Bank from pursuing any other remedies available to the Company Bank for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment under this Agreement. Upon any termination of Executive's ’s employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company Bank for a period of one (1) year following such termination in any city, town or county in which Executive's ’s normal business office is located or in which the Company or any subsidiary of the Company Bank has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the CompanyBank. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the CompanyBank, and their business and property in the event of Executive's ’s breach of this Section 7(a), agree that in the event of any such breach by Executive, the Company 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 ’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company Bank pursuant to Section 8(b) of this Agreement, Executive's ’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the CompanyBank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company Bank from pursuing any other remedies available to the Company Bank for breach or threatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote his full time and attention to the performance of his employment duties under this Agreement. Upon any termination of Executive's ’s employment hereunder pursuant to Section 8(bSections 7(b) or (e) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Company or any subsidiary of the Company Bank for a period of one (1) year following such termination in any city, town or county in which Executive's ’s normal business office is located or in which the Company Bank or any subsidiary of the Company its affiliates has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. 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 Company or any subsidiary of the CompanyBank. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the CompanyBank, and their business and property in the event of Executive's ’s breach of this Section 7(a6(a), agree that in the event of any such breach by Executive, the Company 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 ’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company Bank pursuant to Section 8(bSections 7(b) or (e) of this Agreement, Executive's ’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the CompanyBank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company Bank from pursuing any other remedies available to the Company Bank for breach or threatened breach, including the recovery of damages from Executive.