Common use of Covenants Relating to Employees Clause in Contracts

Covenants Relating to Employees. The Executive agrees, for a period of two years following his Termination Date (regardless of whether termination of his Bank and Company employment was voluntary or involuntary, with or without Cause, or with or without Good Reason), that the Executive will not solicit or attempt to persuade Bank or Company or Affiliated Company employees to terminate their employment, and accept other employment within the Bank’s Market Area. This covenant specifically prohibits solicitation of employees, in the event of termination of the Executive’s employment, to work with or for the Executive in a banking business in the Bank’s Market Area during the term of the covenant.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Coast Financial Holdings Inc), Employment Agreement (Coast Financial Holdings Inc)

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Covenants Relating to Employees. The Executive agrees, for a period of two years following his her Termination Date (regardless of whether termination of his her Bank and Company employment was voluntary or involuntary, with or without Cause, or with or without Good Reason), that the Executive will not solicit or attempt to persuade Bank or Company or Affiliated Company employees to terminate their employment, and accept other employment within the Bank’s Market Area. This covenant specifically prohibits solicitation of employees, in the event of termination of the Executive’s employment, to work with or for the Executive in a banking business in the Bank’s Market Area during the term of the covenant.

Appears in 1 contract

Samples: Employment Agreement (Coast Financial Holdings Inc)

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