Common use of Business Materials and Property Disclosure Clause in Contracts

Business Materials and Property Disclosure. All written materials, records, and documents made by the Executive or coming into his possession concerning the business or affairs of the Bank or any of its subsidiaries shall be the sole property of the Bank. Upon termination of his employment with the Bank, the Executive shall deliver the same to the Bank and shall retain no copies, including but not limited to copies in paper, electronic, digital or any other format. The Executive shall also return to the Bank all other property in his possession owned by the Bank upon the termination of his employment. If a court or arbitration panel concludes that the time period of the restriction set forth in this Section 8 is not enforceable or that a specific geographical scope must be stated herein, then the parties agree that such court or arbitration panel may rewrite the time period of this restriction and/or prescribe a geographical restriction to the maximum enforceable time period and geographical area permitted by law.

Appears in 4 contracts

Samples: Employment Agreement (Ponce Financial Group, Inc.), Employment Agreement (PDL Community Bancorp), Employment Agreement (PDL Community Bancorp)

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Business Materials and Property Disclosure. All written materials, records, and documents made by the Executive or coming into his her possession concerning the business or affairs of the Bank Company, the Banks or any of its subsidiaries their affiliates shall be the sole property of the BankCompany. Upon termination of his her employment with the BankCompany, the Executive shall deliver the same to the Bank Company and shall retain no copies, including but not limited to copies in paper, electronic, digital or any other format. The Executive shall also return to the Bank Company all other property in his her possession owned by the Bank Company upon the termination of his her employment. If a court or arbitration panel concludes that the time period of the restriction set forth in this Section 8 is not enforceable or that a specific geographical scope must be stated herein, then the parties agree that such court or arbitration panel may rewrite the time period of this restriction and/or prescribe a geographical restriction to the maximum enforceable time period and geographical area permitted by law.

Appears in 3 contracts

Samples: Employment Agreement (Bankwell Financial Group, Inc.), Employment Agreement (Bankwell Financial Group, Inc.), Employment Agreement (Bankwell Financial Group, Inc.)

Business Materials and Property Disclosure. All written materials, records, and documents made by the Executive or coming into his possession concerning the business or affairs of the Company, the Bank or any of its subsidiaries their affiliates shall be the sole property of the BankCompany. Upon termination of his employment with the BankCompany, the Executive shall deliver the same to the Bank Company and shall retain no copies, including but not limited to copies in paper, electronic, digital or any other format. The Executive shall also return to the Bank Company all other property in his possession owned by the Bank Company upon the termination of his employment. If a court or arbitration panel concludes that the time period of the restriction set forth in this Section 8 is not enforceable or that a specific geographical scope must be stated herein, then the parties agree that such court or arbitration panel may rewrite the time period of this restriction and/or prescribe a geographical restriction to the maximum enforceable time period and geographical area permitted by law.

Appears in 2 contracts

Samples: Gruseke Employment Agreement (Bankwell Financial Group, Inc.), Christopher Gruseke Employment Agreement (Bankwell Financial Group, Inc.)

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Business Materials and Property Disclosure. All written materials, records, and documents made by the Executive or coming into his possession concerning the business or affairs of the Bank Company, the Banks or any of its subsidiaries their affiliates shall be the sole property of the BankCompany. Upon termination of his employment with the BankCompany, the Executive shall deliver the same to the Bank Company and shall retain no copies, including but not limited to copies in paper, electronic, digital or any other format. The Executive shall also return to the Bank Company all other property in his possession owned by the Bank Company upon the termination of his employment. If a court or arbitration panel concludes that the time period of the restriction set forth in this Section 8 is not enforceable or that a specific geographical scope must be stated herein, then the parties agree that such court or arbitration panel may rewrite the time period of this restriction and/or prescribe a geographical restriction to the maximum enforceable time period and geographical area permitted by law.

Appears in 1 contract

Samples: Employment Agreement (Bankwell Financial Group, Inc.)

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