Common use of Forfeiture Provisions Clause in Contracts

Forfeiture Provisions. A. During the period the retirement benefit is payable to the Director under Section 1 of this Agreement, the Director shall not engage in business activities which are in competition with the Association without first obtaining the written consent of the Association.

Appears in 13 contracts

Samples: Retirement Payment Agreement (HomeTrust Bancshares, Inc.), Retirement Payment Agreement (HomeTrust Bancshares, Inc.), Retirement Payment Agreement (Coddle Creek Financial Corp)

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Forfeiture Provisions. A. During the period the retirement benefit is payable to the Director under Section 1 of this Agreement, the Director shall not engage in business activities which are in competition with the Association Bank without first obtaining the written consent of the AssociationBank.

Appears in 2 contracts

Samples: Retirement Plan Agreement (South Street Financial Corp), Retirement Payment Agreement (South Street Financial Corp)

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Forfeiture Provisions. A. During the period the retirement benefit is payable to the Director under Section 1 II of this Agreement, the Director shall not engage in business activities which are in competition with the Association without first obtaining the written consent of the Association.

Appears in 1 contract

Samples: Money Purchase Deferred Compensation Agreement (HomeTrust Bancshares, Inc.)

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