Common use of Nonsolicitation of Protected Employees Clause in Contracts

Nonsolicitation of Protected Employees. The Executive understands and agrees that the relationship between the Bank and each of its Protected Employees constitutes a valuable asset of the Bank and may not be converted to the Executive’s own use. Accordingly, the Executive hereby agrees that, during the Restricted Period, the Executive shall not, directly or indirectly, on the Executive’s own behalf or as a principal or representative of any Person, solicit any Protected Employee to terminate his or her employment with the Bank.

Appears in 2 contracts

Samples: Employment Agreement (Federal Home Loan Bank of Chicago), Employment Agreement (Federal Home Loan Bank of Chicago)

AutoNDA by SimpleDocs

Nonsolicitation of Protected Employees. The Executive understands and agrees that the relationship between the Bank and each of its Protected Employees constitutes a valuable asset of the Bank and may not be converted to the Executive’s 's own use. Accordingly, the Executive hereby agrees that, that during the Restricted Period, Period the Executive shall not, not directly or indirectly, indirectly on the Executive’s 's own behalf or as a principal or representative of any Person, Person solicit any Protected Employee to terminate his or her employment with the Bank.

Appears in 2 contracts

Samples: Employment Agreement (Federal Home Loan Bank of Chicago), Employment Agreement (Federal Home Loan Bank of Chicago)

Nonsolicitation of Protected Employees. The Executive understands and agrees that the relationship between the Bank and each of its Protected Employees constitutes a valuable asset of the Bank and may not be converted to the Executive’s own use. Accordingly, the Executive hereby agrees that, that during the Restricted Period, Period the Executive shall not, not directly or indirectly, indirectly on the Executive’s own behalf or as a principal or representative of any Person, Person solicit any Protected Employee to terminate his or her employment with the Bank.

Appears in 1 contract

Samples: Employment Agreement (Federal Home Loan Bank of Chicago)

Nonsolicitation of Protected Employees. The Executive understands and agrees that the relationship between the Bank and each of its Protected Employees constitutes a valuable asset of the Bank and may not be converted to the Executive’s own use. Accordingly, the Executive hereby agrees that, that during the Restricted Period, Period the Executive shall not, not directly or indirectly, indirectly on the Executive’s own behalf or as a principal Principal or representative Representative of any Person, Person solicit any Protected Employee to terminate his or her employment with the Bank.

Appears in 1 contract

Samples: Employment Agreement and General Release (Federal Home Loan Bank of Chicago)

AutoNDA by SimpleDocs

Nonsolicitation of Protected Employees. The Executive understands and agrees that the relationship between the Bank and each of its Protected Employees constitutes a valuable asset of the Bank and may not be converted to the Executive’s own use. Accordingly, the Executive hereby agrees that, that during the Restricted Period, the Period Executive shall not, not directly or indirectly, indirectly on the Executive’s own behalf or as a principal Principal or representative Representative of any Person, Person or otherwise solicit or induce any Protected Employee to terminate his or her employment relationship with the BankBank or to enter into employment with any other Person.

Appears in 1 contract

Samples: Employment Agreement (Main Street Banks Inc /New/)

Time is Money Join Law Insider Premium to draft better contracts faster.