Common use of Nonsolicitation Clause in Contracts

Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his position with the Company, he will have advantageous familiarity and personal contacts with the Company’s customers, wherever located, and the business, operations and affairs of the Company. Accordingly, while the Employee is employed by the Company and for a period of one year after the Employee’s Separation from Service (as defined in Section 8(h)(ii) of this Agreement) for any reason (whether with or without cause or whether by the Company or the Employee) or the expiration of the Term, the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit any business of any party which is a customer of the Company at the time of such Separation from Service or any party which was a customer of the Company during the one year period immediately preceding such Separation from Service, (ii) request or advise any customers or suppliers of the Company to terminate, reduce, limit or change their business or relationship with the Company, or (iii) induce, request or attempt to influence any employee of the Company to terminate his employment with the Company. For purposes of this Agreement, the term “solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing business with the Company.

Appears in 18 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

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Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his position with the Company, he will have advantageous familiarity and personal contacts with the Company’s customers, wherever located, and the business, operations and affairs of the Company. Accordingly, while the Employee is employed by the Company and for a period of one (1) year after following the Employee’s Separation from Service (Service, as defined in Section 8(h)(ii) of this Agreement) hereinafter defined, for any reason (whether with or without cause or whether by the Company or the Employee) or the expiration of the Term), the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit in any manner, seek to obtain or service, or accept the business of any party which individual or entity that is a customer of the Company at as of the time date of such Employee’s Separation from Service or any party which that was a customer of the Company during the one (1) year period immediately preceding such Separation from ServiceService for the purpose of providing services in competition with the Business of the Company, as hereinafter defined, (ii) request or advise any customers or suppliers of the Company to terminate, reduce, limit limit, or change their business or relationship with the Company, or (iii) induce, request or attempt to influence any employee of the Company to terminate his employment with the Company. For purposes of this Agreement, the term “solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing business with the Company.

Appears in 7 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his her position with the CompanyBank, he she will have advantageous familiarity and personal contacts with the CompanyBank’s customers, wherever located, and the business, operations and affairs of the CompanyBank. Accordingly, while the Employee is employed by the Company Bank and for a period of one year after the Employee’s Separation from Service (as defined in Section 8(h)(ii) of this Agreement) for any reason (whether with or without cause or whether by the Company Bank or the Employee) or the expiration of the Term, the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit any business of any party which is a customer of the Company Bank at the time of such Separation from Service or any party which was a customer of the Company Bank during the one year period immediately preceding such Separation from Service, (ii) request or advise any customers or suppliers of the Company Bank to terminate, reduce, limit or change their business or relationship with the CompanyBank, or (iii) induce, request or attempt to influence any employee of the Company Bank to terminate his her employment with the CompanyBank. For purposes of this Agreement, the term “solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing business with the CompanyBank.

Appears in 6 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his position with the Company, he will have advantageous familiarity and personal contacts with the Company’s customers, wherever located, and the business, operations and affairs of the Company. Accordingly, while the Employee is employed by the Company and for a period of one year after following the Employee’s Separation from Service (as defined in Section 8(h)(ii) of this Agreement) for any reason (whether with or without cause or whether by the Company or the Employee) or the expiration of the Term), the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit in any manner, seek to obtain or service, or accept the business of any party which individual or entity that is a customer of the Company at as of the time date of such Employee’s Separation from Service or any party which that was a customer of the Company during the one one-year period immediately preceding such Separation from ServiceService for the purpose of providing services in competition with the Business of the Company, as hereinafter defined, (ii) request or advise any customers or suppliers of the Company to terminate, reduce, limit or change their business or relationship with the Company, or (iii) induce, request or attempt to influence any employee of the Company to terminate his employment with the Company. For the purposes of this Agreement, the term “Business of the Company” shall mean the banking, loans, and investment and planning services provided by the Company. For purposes of this Agreement, the term “solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing terminate, reduce, limit or otherwise adversely change their business relationship with the Company.

Appears in 5 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his position with the Company, he will have advantageous familiarity and personal contacts with the Company’s customers, wherever located, and the business, operations and affairs of the Company. Accordingly, while the Employee is employed by the Company and for a period of one year after the Employee’s Separation from Service (as defined in Section 8(h)(ii) of this Agreement) for any reason (whether with or without cause or whether by the Company or the Employee) or the expiration of the Term, the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit any non-legal business of any party which is a customer of the Company at the time of such Separation from Service or any party which was a customer of the Company during the one year period immediately preceding such Separation from Service, (ii) request or advise any customers or suppliers of the Company to terminate, reduce, limit or change their business or relationship with the Company, or (iii) induce, request or attempt to influence any employee of the Company to terminate his employment with the Company, unless such actions are taken in connection with Employee engaging in the practice of law. For purposes of this Agreement, the term “solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing business with the Company.

Appears in 5 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

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Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his position with the CompanyBank, he will have advantageous familiarity and personal contacts with the Company’s Bank's customers, wherever located, and the business, operations and affairs of the CompanyBank. Accordingly, while the Employee is employed by the Company Bank, and at all locations for a period of one (1) year after termination of the Employee’s Separation from Service (as defined in Section 8(h)(ii) of this Agreement) 's employment with the Bank for any reason (whether with or without cause or whether by the Company Bank or the Employee) or the expiration of the Term, the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit in any manner, seek to obtain or service the business of any party which is a customer of the Company Bank at the time of such Separation from Service termination or any party which was a customer of the Company Bank during the one (1) year period immediately preceding such Separation from Servicetermination, (ii) request or advise any customers or suppliers of the Company Bank to terminate, reduce, limit or change their business or relationship with the CompanyBank, or (iii) induce, request or attempt to influence any employee of the Company Bank to terminate his employment with the CompanyBank. For purposes of this Agreement, the term "solicit" means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing business with the CompanyBank.

Appears in 2 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

Nonsolicitation. The Employee hereby understands and acknowledges that, by virtue of his position with the Company, he will have advantageous familiarity and personal contacts with the Company’s 's customers, wherever located, and the business, operations and affairs of the Company. Accordingly, while the Employee is employed by the Company and for a period of one year after following the Employee’s 's Separation from Service (as defined in Section 8(h)(ii) of this Agreement) for any reason (whether with or without cause or whether by the Company or the Employee) or the expiration of the Term), the Employee shall not, directly or indirectly, or individually or jointly, (i) solicit in any manner, seek to obtain or service, or accept the business of any party which individual or entity that is a customer of the Company at as of the time date of such Employee's Separation from Service or any party which that was a customer of the Company during the one one-year period immediately preceding such Separation from ServiceService for the purpose of providing services in competition with the Business of the Company, as hereinafter defined, (ii) request or advise any customers or suppliers of the Company to terminate, reduce, limit or change their business or relationship with the Company, or (iii) induce, request or attempt to influence any employee of the Company to terminate his employment with the Company. For the purposes of this Agreement, the term "Business of the Company" shall mean the banking, loans, and investment and planning services provided by the Company. For purposes of this Agreement, the term "solicit" means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, which encourages or requests any person or entity, in any manner, to cease doing terminate, reduce, limit or otherwise adversely change their business relationship with the Company.

Appears in 1 contract

Samples: Employment Agreement (First Financial Corp /In/)

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