Common use of Prior Business Relationships Clause in Contracts

Prior Business Relationships. Executive represents that there are no claims or actions, whether pending, threatened or potential, with respect to any of his prior employment, independent contractor or other business relationships that prevent him, or that would prevent him, from carrying out his duties under this Agreement or that subjects the Bank to any potential or actual liability. Executive agrees and understands that any such claim or action shall be reviewed by the Bank and may be grounds for his termination of employment. Notwithstanding the foregoing, this Section 10 shall not prevent the Bank from pursuing any other remedy available at law or in equity.

Appears in 4 contracts

Samples: Employment Agreement (First Ottawa Bancshares Inc), Employment Agreement (First Ottawa Bancshares Inc), Employment Agreement (First Ottawa Bancshares Inc)

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Prior Business Relationships. Executive represents that there are no claims or actions, whether pending, threatened or potential, with respect to any of his prior employment, independent contractor or other business relationships that prevent him, or that would prevent him, from carrying out his duties under this Agreement or that subjects the Bank Corporation to any potential or actual liability. Executive agrees and understands that any such claim or action shall be reviewed by the Bank Board and may be grounds for his termination of employment. Notwithstanding the foregoing, this Section 10 shall not prevent the Bank Corporation from pursuing any other remedy available at law or in equity.

Appears in 2 contracts

Samples: Employment Agreement (First Ottawa Bancshares Inc), Employment Agreement (First Ottawa Bancshares Inc)

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Prior Business Relationships. Executive represents that there are no claims or actions, whether pending, threatened or potential, with respect to any of his prior employment, independent contractor or other business relationships that prevent him, or that would prevent him, from carrying out his duties under this Agreement or that subjects the Bank to any potential or actual liability. Executive agrees and understands that any such claim or action shall be reviewed by the Bank Board and may be grounds for his termination of employment. Notwithstanding the foregoing, this Section 10 shall not prevent the Bank from pursuing any other remedy available at law or in equity.

Appears in 1 contract

Samples: Employment Agreement (First Ottawa Bancshares Inc)

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