Settlement and Non-Competition and Non-Solicitation Agreement Sample Contracts

SETTLEMENT AND NON-COMPETITION AND NON-SOLICITATION AGREEMENT

Settlement and Non-Competition and Non-Solicitation Agreement • October 20th, 2022 • HV Bancorp, Inc. • State commercial banks • Pennsylvania

• Contract Type
  Settlement and Non-Competition and Non-Solicitation Agreement
• Filed
  October 20th, 2022
• Company
  HV Bancorp, Inc.
• Industry
  State commercial banks
• Jurisdiction
  Pennsylvania

THIS SETTLEMENT AND NON-COMPETITION AND NON-SOLICITATION AGREEMENT (the “Agreement”), dated as of October 18, 2022, by and among HV Bancorp, Inc., a Pennsylvania corporation (the “Company”), Huntingdon Valley Bank (the “Bank”), Citizens Financial Services, Inc., a Pennsylvania corporation (“Citizens”), and Travis J. Thompson (“Executive”) is effective as of the Closing (as defined below) (the “Effective Date”). For purposes of this Agreement, Executive, the Company, the Bank, and Citizens shall each be a “Party” and shall collectively be the “Parties”.