While Employed a. Employee agrees to perform the duties of the Position faithfully and to the best of Employee’s ability at the principal offices of the Company or in locations as may be designated temporarily from time to time by the Company or as necessary to fulfill the duties of the Position. Employee shall report to the Board of Directors, or as otherwise directed by the Board of Directors.
While Employed. During such time as the Executive is employed by the Bank or the Holding Company, the Executive will not compete with the banking or any other business conducted by any Employer during the period of the Executive's employment, nor will the Executive attempt to hire any employee of any Employer, assist in such hiring by any other person, encourage any such employee to terminate his or her relationship with any Employer, or interfere with or damage (or attempt to interfere with or damage) any relationship between any Employer and any customers of any Employer or solicit or encourage any customer of any Employer to terminate its relationship with any Employer or to conduct with any other person any business or activity which such customer conducts or could conduct with any Employer.
While Employed. During such time as the Executive is employed hereunder, the Executive will not compete with the banking or any other business conducted by either of the Employers during the period of his employment hereunder, nor will he attempt to hire any employee of either of the Employers, assist in such hiring by any other Person, encourage any such employee to terminate his or her relationship with either of the Employers, or solicit or encourage any customer of either of the Employers to terminate its relationship with such Employer or to conduct with any other person any business or activity which such customer conducts or could conduct with such Employer.
While Employed. During such time as the Executive is employed hereunder, the Executive will not compete with the banking or any other business conducted by the Bank or any affiliate of the Bank, including the Company, during the period of his employment hereunder, nor will he attempt to hire any employee of the Bank or any affiliate, assist in such hiring by any other Person, encourage any such employee to terminate his or her relationship with the Bank or any affiliate, or interfere with or damage (or attempt to interfere with or damage) any relationship between the Bank and any customers of the Bank or solicit or encourage any customer of the Bank to terminate its relationship with the Bank or to conduct with any other person any business or activity which such customer conducts or could conduct with the Bank.
While Employed a. Employee shall perform the duties of the Position faithfully and to the best of Employee’s ability at the principal offices of the Company or in such locations as may be designated from time to time by the Company or as may be necessary to fulfill the duties of the Position, except for reasonable travel in connection with the Company’s business incident to the performance of Employee’s duties. Such duties shall include, but not be limited to, such duties as may be reasonably specified from time to time by the Board of Directors or the CEO of the Company. Employee shall report to the CEO of the Company, or as otherwise directed by the Board of Directors.
While Employed. During Executive’s employment with the Bank, Executive will not directly or indirectly engage or participate, as an employee, owner, partner, shareholder, officer, director, member, advisor, consultant, agent, or otherwise in any Competing Business, and will not permit his name to be used by, or render services of any type for any person or entity developing a Competing Business; except that Executive may make passive investments in the capital stock of a publicly held Competing Business of up to one percent (1%) ownership interest in such Competing Business.
While Employed. During Executive’s employment hereunder, the Bank shall make all payments to Executive in accordance with its normal practices. The Bank shall have a right of set-off against any amounts due hereunder (which right shall include the right to retain or require Executive to surrender any shares of restricted stock) if the Bank incurs any expenses due to third parties (other than tax liabilities as an employer) as a result of Executive’s employment by the Bank or Executive’s breach of his representations and warranties contained herein.
While Employed. In the event of the Executive's death while still in the employ of the Company, prior to the commencement of benefit payments otherwise due under this Plan, the Company shall pay to the Executive's Beneficiary the vested percentage of the Executive's Retirement Benefit, calculated as of the date of the Executive's death, over a period of fifteen (15) years in equal, monthly installments for one hundred eighty (180) months. The first installment shall commence on the first day of the first month following the date of the Executive's death, with subsequent installments being paid on the first day of each month thereafter.
While Employed. During the term of Employee’s employment with the Company (including any Notice Period under Section 8.1 below), and other than in connection with performance of his or her duties for the Company or to the extent provided below, a Permitted Activity, Employee shall not, directly or indirectly, engage in the Business, or own or control any interest in, or act as or become an officer, director, employee, consultant, advisor of, to or for any person, firm, corporation, institution, business or entity (each an “Entity”) directly or indirectly engaged in the Business. A Permitted Activity with an Entity directly or indirectly engaged in the Business will not be a breach of Employee’s obligations under this Section 4.1 so long as the circumstances of such Entity’s engaging in the Business (a) were disclosed to or known by the Board (or an appropriate committee thereof) prior to Employee’s engaging in the Permitted Activity, or (b) arise or first become known to Employee after initiation of the Permitted Activity and such circumstances are promptly disclosed by Employee to the Board (or appropriate committee) and the Board (or committee) consents to continuation of the Permitted Activity, or if requested by the Board (or committee), Employee disengages from the Permitted Activity after being provided a reasonable period to do so.
While Employed a. Employee shall perform the duties of the Position faithfully and to the best of Employee’s ability at the principal offices of the Company or in such locations as may be designated from time to time by the Company or as may be necessary to fulfill the duties of the Position, except for reasonable travel in connection with the Company’s business incident to the performance of Employee’s duties. Such duties shall include, but not be limited to, those typical of the Chief Legal Officer of a public reporting company with equity securities listed and traded on a national securities exchange and such other duties as may be reasonably specified from time to time by the Board of Directors or the CEO of the Company. Employee shall report to the CEO of the Company, or as otherwise directed by the Board of Directors.
