Common use of Forfeiture Provisions Clause in Contracts

Forfeiture Provisions. A. During the period the retirement benefit is payable to the Employee under Section 2 of this Agreement, the Employee shall not engage in business activities in Xxxxxxx County, North Carolina, which are in competition with the Company without first obtaining the written consent of the Company.

Appears in 2 contracts

Samples: Supplemental Income Agreement (Haywood Bancshares Inc), Supplemental Income Agreement (Haywood Bancshares Inc)

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Forfeiture Provisions. A. During the period the retirement benefit is payable to the Employee under Section 2 or Section 5 of this Agreement, the Employee shall not engage in business activities in Xxxxxxx County, Stanly County North Carolina, Carolina which are in competition with the Company without first obtaining the written consent of the Company.

Appears in 1 contract

Samples: Supplemental Income Agreement (South Street Financial Corp)

Forfeiture Provisions. A. During the period the retirement benefit is payable to the Employee under Section 2 of this Agreement, the Employee shall not engage in business activities in Xxxxxxx Rowan County, North Carolina, Carolina which are in competition with the Company without Association with first obtaining the written consent of the CompanyAssociation.

Appears in 1 contract

Samples: Supplemental Income Agreement (FNB Corp/Nc)

Forfeiture Provisions. A. During the period the retirement benefit is payable to the Employee under Section 2 of this Agreement, the Employee shall not engage engaged in business activities in Xxxxxxx Davidson County, North Carolina, which are in competition with the Company without first obtaining the written consent of the Company.

Appears in 1 contract

Samples: Supplemental Income Agreement (Century Bancorp Inc /Nc)

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Forfeiture Provisions. A. During the period the retirement benefit is payable to the Employee under Section 2 of this Agreement, the Employee shall not engage in business activities in Xxxxxxx Davidson County, North Carolina, which are in competition with the Company Company, without first obtaining the written consent of the Company.

Appears in 1 contract

Samples: Supplemental Income Agreement (Century Bancorp Inc /Nc)

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