Common use of Noncompetition Compensation Clause in Contracts

Noncompetition Compensation. As compensation for the agreements referred to in Section 13, commencing at the beginning of the Post-term Period, Executive will receive cash payments from the bank for a period of 12 successive months equal to the highest monthly base salary paid in any of the 12 months prior to termination.

Noncompetition Compensation. As compensation for the agreements referred to in Section 13, commencing at the beginning of the Post-term Term Period, Executive will receive cash payments from the bank Bank for a period of 12 successive months equal to the highest monthly base salary paid in any of the 12 months prior to termination.