Common use of Covenant Not to Compete Clause in Contracts

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c), the Executive will not:

Appears in 8 contracts

Samples: Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc), Employment Agreement (Main Street Bancorp Inc)

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Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 7(c) hereof, the Executive will shall not:

Appears in 7 contracts

Samples: Release Agreement (Malvern Bancorp, Inc.), Release Agreement (Malvern Bancorp, Inc.), Release Agreement (Malvern Bancorp, Inc.)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Company and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 7(c) hereof, the Executive will shall not:

Appears in 6 contracts

Samples: Agreement (PSB Bancorp Inc), Agreement (PSB Bancorp Inc), Agreement (PSB Bancorp Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c), the Section 9(c) hereof; Executive will shall not:

Appears in 6 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will notCorporation and the Bank:

Appears in 5 contracts

Samples: Employment Agreement (Acnb Corp), Employment Agreement (Acnb Corp), Employment Agreement (Acnb Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 6(c) hereof, the Executive will shall not:

Appears in 4 contracts

Samples: Employment Agreement (Univest Corp of Pennsylvania), Employment Agreement (Univest Corp of Pennsylvania), Employment Agreement (Univest Corp of Pennsylvania)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Peoples and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 4 contracts

Samples: Agreement (Peoples Financial Services Corp.), Agreement (Peoples Financial Services Corp.), Agreement (Peoples Financial Services Corp/)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Bancorp, Bank and of the Bank E&B and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 4 contracts

Samples: Employment Agreement (Leesport Financial Corp), Employment Agreement (First Leesport Bancorp Inc), Employment Agreement (First Leesport Bancorp Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection Section 7 (c)) hereof, the Executive will shall not:

Appears in 2 contracts

Samples: Employment Agreement (First Jermyn Corp), Employment Agreement (First Jermyn Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Sovereign and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 2 contracts

Samples: Agreement (Sidhu Special Purpose Capital Corp.), Agreement (Sovereign Bancorp Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 2 contracts

Samples: Employment Agreement (Penn Laurel Financial Corp), Employment Agreement (Penn Laurel Financial Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c), the Section 7(c) hereof; Executive will shall not:

Appears in 2 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Covenant Not to Compete. (a) The Executive a)Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will not:Bank: 

Appears in 2 contracts

Samples: Agreement (Fidelity D & D Bancorp Inc), Agreement (Fidelity D & D Bancorp Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Bancorp and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 2 contracts

Samples: Employment Agreement (Leesport Financial Corp), Employment Agreement (First Leesport Bancorp Inc)

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Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 10(c) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will notBank:

Appears in 1 contract

Samples: Employment Agreement (East Penn Financial Corp)

Covenant Not to Compete. (a) The a)The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Peoples and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 8(c) hereof, the Executive will shall not:

Appears in 1 contract

Samples: Agreement (Peoples Financial Services Corp.)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c), the Executive will not:

Appears in 1 contract

Samples: Release Agreement (First Priority Financial Corp.)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will notCorporation and the Bank:

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Bank and of the Bank Corporation and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will notBank and Corporation:

Appears in 1 contract

Samples: Employment Agreement (GNB Financial Services Inc)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 9(c) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will notBank:

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

Covenant Not to Compete. (aA) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main and of the Bank and the Corporation and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 4.1(C) hereof, Executive shall not, except as otherwise permitted in writing by the Executive will notBank and the Corporation:

Appears in 1 contract

Samples: Change in Control Agreement (LINKBANCORP, Inc.)

Covenant Not to Compete. (a) The Executive hereby acknowledges and recognizes the highly competitive nature of the business of Main the Corporation and of the Bank and accordingly agrees that, during and for the applicable period set forth in Subsection (c)Section 9(c) hereof, the Executive will shall not:

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

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