Common use of Noncompetition and Confidentiality Clause in Contracts

Noncompetition and Confidentiality. (a) Executive shall devote her full time and attention to the performance of her 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 Employer or any subsidiary of the Employer 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 Employer or any subsidiary of the Employer 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 Employer or any subsidiary of the Employer.

Noncompetition and Confidentiality. (a) Executive shall devote her his full time and attention to the performance of her 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 Employer or any subsidiary of the Employer 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 Employer or any subsidiary of the Employer 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 Employer or any subsidiary of the Employer.