Common use of SERVICE ON OTHER COMPANY BOARDS Clause in Contracts

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any other subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp the Bank or with any subsidiary, parent, sister or affiliated corporation of Bancorpthe Bank. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp the Bank or with any subsidiary, parent, sister or affiliated corporation of the Bank, Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister Page 1 — 2008 EMPLOYMENT AGREEMENT or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not max xxx own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; providedprxxxxxx, that if such corporation operates a business in competition with Bancorp Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any other subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not own more than five percent (5%) of the outstanding shares of such corporation.any

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation other affiliate of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp or with any subsidiary, parent, sister or other affiliate of Bancorp, Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not own more than five percent (5%) of the outstanding shares of such corporation.. Page 1 - 2008 EMPLOYMENT AGREEMENT (CRB)

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp, Employee may not own more than five percent (5%) of the outstanding shares of such corporation.

SERVICE ON OTHER COMPANY BOARDS. Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-profit corporation not in direct competition with Bancorp or with any subsidiary, parent, sister or affiliated corporation of Bancorp. In addition, Employee may own stock in any other corporation whether or not the stock is publicly traded; provided, that if such corporation operates a business in competition with Bancorp Employee may not own xxx xwn more than five percent (5%) of the outstanding shares of such corporation.