Common use of Covenant Not to Compete and Related Covenants Clause in Contracts

Covenant Not to Compete and Related Covenants. (a) This Section 9(a) shall cease to apply if (i) Executive’s employment with the Corporation is terminated for “Cause,” as defined in Section 7(e) of this Agreement, or (ii) if the Agreement terminates under Section 2, at the end of its three-year term, without Executive’s having become entitled to payment under Section 7. Except as provided in the preceding sentence, during the term of this Agreement and throughout any further period that he is an employee of the Corporation, and for the longer of:

Appears in 2 contracts

Samples: Employment Agreement (Community Bankers Trust CORP), Employment Agreement (Community Bankers Trust CORP)

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Covenant Not to Compete and Related Covenants. (a) This Section 9(a) shall cease to apply if (i) if Executive’s employment with the Corporation is terminated for “Cause,” as defined in Section 7(e) of this Agreement, or or, (ii) if the BOE Merger is not consummated and the Agreement terminates under Section 2, at the end of its three-year term, without Executive’s having become entitled to payment under Section 7. Except as provided in the preceding sentence, during the term of this Agreement and throughout any further period that he is an employee of the CorporationAgreement, and for the longer of:

Appears in 1 contract

Samples: Employment Agreement (Community Bankers Trust CORP)

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