Common use of One Year Non-Solicitation Clause in Contracts

One Year Non-Solicitation. The Executive hereby covenants and agrees that, for a period of one (1) year following his termination of employment with the Bank, he shall not, without the prior written consent of the Bank, either directly or indirectly (i) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the Bank or the Company, or any of their respective subsidiaries or affiliates, to terminate his or her employment and accept employment or become affiliated with, or provide services for compensation in any capacity whatsoever to, any business whatsoever that competes with the business of the Bank or the Company, or any of their direct or indirect subsidiaries or affiliates or has headquarters or offices within thirty-five (35) miles of the locations in which the Bank or the Company has business operations or has filed an application for regulatory approval to establish an office, or (ii) solicit business from any customer of the Bank or their subsidiaries, divert or attempt to divert any business from the Bank or their subsidiaries, or induce, attempt to induce, or assist others in inducing or attempting to induce any agent, customer or supplier of the Bank or any other person or entity associated or doing business with the Bank (or proposing to become associated or to do business with the Bank) to terminate such person’s or entity’s relationship with the Bank (or to refrain from becoming associated with or doing business with the Bank) or in any other manner to interfere with the relationship between the Bank and any such person or entity. Notwithstanding the foregoing, these non-solicitation restrictions shall not apply if the Executive’s employment is terminated in connection with or following a Change in Control.

Appears in 3 contracts

Samples: Employment Agreement (First Seacoast Bancorp), Employment Agreement (First Seacoast Bancorp, Inc.), Employment Agreement (First Seacoast Bancorp)

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One Year Non-Solicitation. The Executive hereby covenants and agrees that, for a period of one (1) year following his termination of employment with the BankEmployer, he she shall not, without the prior written consent of the BankEmployer, either directly or indirectly (i) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the Bank or the CompanyEmployer, or any of their respective subsidiaries or affiliates, to terminate his or her employment and accept employment or become affiliated with, or provide services for compensation in any capacity whatsoever to, any business whatsoever that competes with the business of the Bank or the CompanyEmployer, or any of their direct or indirect subsidiaries or affiliates or has headquarters or offices within thirtytwenty-five (3525) miles of the locations in which the Bank or the Company Employer has business operations or has filed an application for regulatory approval to establish an office, or (ii) solicit business from any customer of the Bank Employer or their subsidiaries, divert or attempt to divert any business from the Bank Employer or their subsidiaries, or induce, attempt to induce, or assist others in inducing or attempting to induce any agent, customer or supplier of the Bank Employer or any other person or entity associated or doing business with the Bank Employer (or proposing to become associated or to do business with the BankEmployer) to terminate such person’s 's or entity’s 's relationship with the Bank Employer (or to refrain from becoming associated with or doing business with the BankEmployer) or in any other manner to interfere with the relationship between the Bank Employer and any such person or entity. Notwithstanding the foregoing, these non-solicitation restrictions shall not apply if the Executive’s employment is terminated in connection with or following a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Standard AVB Financial Corp.)

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