Common use of Nonsolicitation of Customers and Employees Clause in Contracts

Nonsolicitation of Customers and Employees. Executive hereby agrees that he shall not during any period that he is subject to the provisions of Section 7, directly or indirectly, (i) solicit any customer of Penns Xxxxx or any of its majority-owned subsidiaries located in the Non-Competition Area for any banking or financial services business, or (ii) solicit or hire any persons who are currently or were within six (6) months prior to Executive’s termination date employees of Penns Xxxxx or any of its majority-owned subsidiaries. Executive also agrees that he shall not, for the period described in the preceding sentence, encourage or induce any of such customers or employees of Penns Xxxxx or any of its majority-owned subsidiaries to terminate their business relationship with any of such entities.

Appears in 2 contracts

Samples: Employment Agreement (Penns Woods Bancorp Inc), Employment Agreement (Penns Woods Bancorp Inc)

AutoNDA by SimpleDocs

Nonsolicitation of Customers and Employees. Executive hereby agrees that he shall not during any period that he is subject to the provisions of Section 7, directly or indirectly, (i) solicit any customer of Penns Xxxxx Wxxxx or any of its majority-owned subsidiaries located in the Non-Competition Area for any banking or financial services business, or (ii) solicit or hire any persons who are currently or were within six (6) months prior to Executive’s termination date employees of Penns Xxxxx Wxxxx or any of its majority-owned subsidiaries. Executive also agrees that he shall not, for the period described in the preceding sentence, encourage or induce any of such customers or employees of Penns Xxxxx Wxxxx or any of its majority-owned subsidiaries to terminate their business relationship with any of such entities.

Appears in 1 contract

Samples: Employment Agreement (Penns Woods Bancorp Inc)

AutoNDA by SimpleDocs

Nonsolicitation of Customers and Employees. Executive hereby agrees that he Executive shall not during any period that he Executive is subject to the provisions of Section 7, directly or indirectly, (i) solicit any customer of Penns Xxxxx Xxxxx, Luzerne or any of its majority-owned subsidiaries subsidiary of either of them located in the Non-Competition Area for any banking or financial services business, or (ii) solicit or hire any persons who are currently or were within six (6) months prior to Executive’s termination date employees of Penns Xxxxx Xxxxx, Luzerne or any of its majority-owned subsidiariessubsidiary of either of them. Executive also agrees that he Executive shall not, for the period described in the preceding sentence, encourage or induce any of such customers or employees of Penns Xxxxx Xxxxx, Luzerne or any of its majority-owned subsidiaries subsidiary of either of them to terminate their business relationship with any of such entities.

Appears in 1 contract

Samples: Employment Agreement (Penns Woods Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.