Common use of Competitive Employment Restriction Clause in Contracts

Competitive Employment Restriction. At all times during employment with the Corporation and for the thirty-six (36) month period immediately after Employee’s employment with the Corporation ends, Employee shall not accept employment with, work for or provide services on behalf of any Competing Financial Services Organization (defined below) if (i) the position to be held or the services to be performed by Employee is the same or the functional equivalent to the position held and/or the services performed by Employee on behalf of the Corporation during Employee’s last twelve (12) months of employment with the Corporation, or (ii) Employee is providing consulting services related to the design, development, or marketing of services or products that are intended to be directly competitive with offerings by the Corporation (or its subsidiaries), and Employee is reporting to or working with the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer or the Board of Directors (or one of the Committees of the Board) of the Competing Financial Services Organization.

Competitive Employment Restriction. At all times during employment with the Corporation Bank and for the thirtytwenty-six four (3624) month period immediately after Employee’s employment with the Corporation Bank ends, Employee shall not accept employment with, work for or provide services on behalf of any Competing Financial Services Organization (defined below) if (i) the position to be held or the services to be performed by Employee is the same or the functional equivalent to the position held and/or the services performed by Employee on behalf of the Corporation Bank during Employee’s last twelve (12) months of employment with the CorporationBank, or (ii) Employee is providing consulting services related to the design, development, or marketing of services or products that are intended to be directly competitive with offerings by the Corporation Bank (or its subsidiaries), and Employee is reporting to or working with the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer or the Board of Directors (or one of the Committees of the Board) of the Competing Financial Services Organization.

Competitive Employment Restriction. At all times during employment with the Corporation and for the thirtytwenty-six four (3624) month period immediately after Employee’s employment with the Corporation ends, Employee shall not accept employment with, work for or provide services on behalf of any Competing Financial Services Organization (defined below) if (i) the position to be held or the services to be performed by Employee is the same or the functional equivalent to the position held and/or the services performed by Employee on behalf of the Corporation during Employee’s last twelve (12) months of employment with the Corporation, or (ii) Employee is providing consulting services related to the design, development, or marketing of services or products that are intended to be directly competitive with offerings by the Corporation (or its subsidiaries), and Employee is reporting to or working with the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer or the Board of Directors (or one of the Committees of the Board) of the Competing Financial Services Organization.

Competitive Employment Restriction. At all times during employment with the Corporation Bank and for the thirty-six (36) month period immediately after Employee’s employment with the Corporation Bank ends, Employee shall not accept employment with, work for or provide services on behalf of any Competing Financial Services Organization (defined below) if (i) the position to be held or the services to be performed by Employee is the same or the functional equivalent to the position held and/or the services performed by Employee on behalf of the Corporation Bank during Employee’s last twelve (12) months of employment with the CorporationBank, or (ii) Employee is providing consulting services related to the design, development, or marketing of services or products that are intended to be directly competitive with offerings by the Corporation Bank (or its subsidiaries), and Employee is reporting to or working with the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer or the Board of Directors (or one of the Committees of the Board) of the Competing Financial Services Organization.