Common use of Noncompetition by Executive Clause in Contracts

Noncompetition by Executive. Executive shall not, during the term of this Agreement, directly or indirectly, either as a consultant, agent, principal, stockholder (except as permitted in paragraph 3(b) of this Agreement), officer, director, or in any other individual or representative capacity, engage, assist, consult or participate in any other banking or financial services business without the prior written consent of the Board of Directors of Bancorp. Following the termination of this Agreement and during any period when Executive is receiving severance payments from Bancorp or Bank pursuant to or related to this Agreement, Executive shall be subject to the foregoing noncompetition restrictions only with respect to banking or financial services businesses which conduct business or operations in San Joaquin County. This paragraph 4 shall survive the expiration ox xxxxxnation of this Agreement.

Noncompetition by Executive. Executive shall not, during the term of this Agreement, directly or indirectly, either as a consultant, agent, principal, stockholder (except as permitted in paragraph 3(b) of this Agreement), officer, director, or in any other individual or representative capacity, engage, assist, consult or participate in any other banking or financial services business without the prior written consent of the Board of Directors of BancorpBank. Following the termination of this Agreement and during any period when Executive is receiving severance payments from Bancorp or Bank pursuant to or related to this Agreement, Executive shall be subject to the foregoing noncompetition restrictions only with respect to banking or financial services businesses which conduct business or operations in San Joaquin County. This paragraph 4 shall survive the expiration ox xxxxxnation of this Agreement.

Noncompetition by Executive. Executive shall not, during the term of this Agreement, directly or indirectly, either as a consultant, agent, principal, stockholder (except as permitted in paragraph 3(b) of this Agreement), officer, director, or in any other individual or representative capacity, engage, assist, consult or participate in any other banking or financial services business without the prior written consent of the Board of Directors of BancorpBank. Following the termination of this Agreement and during any period when Executive is receiving severance payments from Bancorp or Bank pursuant to or related to this Agreement, Executive shall be subject to the foregoing noncompetition restrictions only with respect to banking or financial services businesses which conduct business or operations in San Joaquin County. This paragraph 4 shall survive the expiration ox xxxxxnation or terxxxxxxxn of this Agreement.