Tolling Period. In the event the Employee breaches any of the provisions contained herein and the Bank seeks compliance with such provisions by judicial proceedings, the time period during which the Employee is restricted by such provisions shall be extended by the time during which the Employee has actually competed with the Bank or been in violation of any such provision and any period of litigation required to enforce the Employee’s obligations under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (FNB Corp/Nc), Employment Agreement (FNB United Corp.)
Tolling Period. In the event the Employee breaches any of the provisions contained herein and the Bank seeks compliance with such provisions by judicial proceedings, the time period during which the Employee is restricted by such provisions shall be extended by the time during which the Employee has actually competed with the Bank or been in violation of any such provision and any period of litigation required to enforce the Employee’s 's obligations under this Agreement.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (FNB Corp/Nc), Employment Agreement (FNB Corp/Nc)
Tolling Period. In the event the Employee breaches any of the -------------- provisions contained herein and the Bank seeks compliance with such provisions by judicial proceedings, the time period during which the Employee is restricted by such provisions shall be extended by the time during which the Employee has actually competed with the Bank or been in violation of any such provision and any period of litigation required to enforce the Employee’s 's obligations under this Agreement.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Carolina Fincorp Inc)
Tolling Period. In the event the Employee breaches any of the provisions contained herein and the Bank Company seeks compliance with such provisions by judicial proceedings, the time period during which the Employee is restricted by such provisions shall be extended by the time during which the Employee has actually competed with the Bank Company or been in violation of any such provision and any period of litigation required to enforce the Employee’s 's obligations under this Agreement.
Appears in 1 contract
Samples: Employment Agreement (FNB Corp/Nc)