Employment by Competition Sample Clauses

Employment by Competition. Anything to the contrary in this Agreement ------------------------- notwithstanding, in the event that either (a) prior to the Normal Retirement Date, the Executive's employment with the Corporation, shall have terminated for whatever reason or (b) after he shall have begun to receive benefits under this Agreement, the Executive will not forfeit any payments which might otherwise be due and payable hereunder should the Executive become employed by a company in competition with the Corporation
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Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event of termination of the Executive’s employment with the Corporation, voluntarily or involuntarily, for any reason, prior to the Normal Retirement Date, payments that might otherwise be due and payable hereunder will be immediately forfeited and all rights of the Executive and his beneficiaries hereunder shall become void, if the Executive competes with the business of the Corporation. The Executive will be deemed to have competed with the business of the Corporation and for a period of two years thereafter, while he (or any corporation, partnership or other entity in which he is or becomes a director, officer, employee, consultant, partner or joint venturer) directly or indirectly owns, carries on or becomes involved in any of such capacities otherwise, any commercial, thrift or savings bank or credit union operating, or providing any kind of financial services to a client located within a fifty (50) mile radius of any office of the Corporation.
Sample 1
Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event of termination of the Executive's employment with the Corporation for any reason prior to the Normal Retirement Date, payments that might otherwise be due and payable prior to the Normal Retirement Date will be deferred until the first day of the month next following attainment of the Normal Retirement Date should the Executive become employed in any way by a competitor of the Corporation which has an office within fifty (50) miles of the corporation within twenty-four (24) months of termination of employment with the Corporation.
Sample 1
Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event of termination of the Executive’s employment with the Corporation, voluntarily or involuntarily, for any reason, prior to the Normal Retirement Date, payments that might otherwise be due and payable hereunder will be immediately forfeited and all rights of the Executive and his beneficiaries hereunder shall become void, if the Executive competes with the business of the Corporation. The Executive will be deemed to have competed with the business of the Corporation and for a period of two years thereafter, while he (or any corporation, partnership or other entity in which he is or becomes a director, officer, employee, consultant, partner or joint venturer) directly or indirectly owns, carries on or becomes involved in any of such capacities otherwise, any commercial, thrift or savings bank or credit union operating an office within a fifty (50) mile radius of any office of the Corporation (as measured by road distance). Notwithstanding the foregoing, if the Executive is involuntarily terminated without cause from employment with the Corporation within one (1) year after a Change of Control, as defined in Code Section 409A, the Executive shall not be subject to the non-competition restrictions contained in this Section 5.02.
Sample 1
Employment by Competition. Anything to the contrary in this ------------------------- Agreement notwithstanding, in the event that after he shall have begun to receive benefits under this Agreement, the Executive shall compete with the business of the Corporation, then all payments which might otherwise be due and payable hereunder shall be immediately forfeited and all rights of the Executive and his beneficiaries hereunder shall become void. The Executive will be deemed to have competed with the business of the Corporation if, during the one-year period following termination of his employment with the Corporation, he, directly or indirectly, whether as partner, shareholder (other than as the owner of less than 2% of the outstanding capital stock of a publicly traded corporation), consultant, agent, employee, co-venturer, or otherwise, or through any Person (as hereafter defined),
Sample 1
Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event of termination of the Executive’s employment with the Bank for any reason, payments that might otherwise be due and payable under the terms of this Agreement will be forfeited and this Agreement shall become null and void should the Executive become an owner or partner or be employed in any way, including employment as a consultant, by a competitor of the Bank (as determined by a vote of two-thirds of the outside directors of the Bank and its parent mutual holding company voting as a single body), which has an office within twenty-five (25) miles of any branch or other office of the Bank, at any time within twenty-four months following any such termination of employment with the Bank; provided, however, that the provisions of this Section 5.03 shall not apply, and shall have no further force or effect, upon and following the occurrence of a Change in Control.
Sample 1
Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event of termination of the Executive’s employment with the Bank for any reason, payments that might otherwise be due and payable under the terms of this Agreement will be forfeited and this Agreement shall become null and void should the Executive become an owner or partner or be employed in any way, including employment as a consultant, by a competitor of the Bank (as determined by a vote of two-thirds of the Bank’s outside directors), which has an office within twenty-five (25) miles of any branch or other office of the Bank, at any time within twenty-four months following any such termination of employment with the Bank.
Sample 1
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Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event that either (a) prior to the Normal Retirement Date, the Executive's employment with the Corporation, shall have terminated for whatever reason or (b) after he shall have begun to receive benefits under this Agreement, and in either such event the Executive shall compete with the business of the Corporation, then all payments which might otherwise be due and payable hereunder shall be immediately forfeited and all rights of the Executive and his beneficiaries hereunder shall become void. The Executive will be deemed to have competed with the business of the Corporation if, during the one-year period following termination of his employment with the Corporation, he, directly or indirectly, whether as partner, shareholder (other than as the owner of less than 2% of the outstanding capital stock of a publicly traded corporation), consultant, agent, employee, co-venturer, or otherwise, or through any Person (as hereafter defined),
Sample 1
Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event that either (a) prior to the Normal Retirement Date, the Executive's employment with the Corporation, shall have terminated for whatever reason or (b) after she shall have begun to receive benefits under this Agreement, and in either such event the Executive shall compete with the business of the Corporation, then all payments which might otherwise be due and payable hereunder shall be immediately forfeited and all rights of the Executive and her beneficiaries hereunder shall become void. The Executive will be deemed to have competed with the business of the Corporation if, during the one-year period following termination of her employment with the Corporation, she, directly or indirectly, whether as partner, shareholder (other than as the owner of less than 2% of the outstanding capital stock of a publicly traded corporation), consultant, agent, employee, co-venturer, or otherwise, or through any Person (as hereafter defined), RA30
Sample 1

Related to Employment by Competition

  • Termination of Employment by Executive The Executive may terminate his employment at any time. In such event, the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

  • Termination of Employment by Employee The Employee may terminate his employment at any time. However, he shall be deemed to have terminated his employment for "Good Reason" only if he terminates his employment by giving Notice of Termination pursuant to Paragraphs 6(d) and 6(e)(iii) within ninety (90) days after the occurrence of any of the following events (provided the Company does not cure such event within ten (10) days following its receipt of the Employee's Notice of Termination):

  • Termination by Executive The Executive may terminate his employment hereunder at any time for any reason by giving the Company prior written notice not less than 30 days prior to such termination. Any termination pursuant to this paragraph 3(e) shall preclude a later claim that such termination was for Good Reason.

  • Employment and Noncompetition Agreements The Employment and Noncompetition Agreements referred to in Sections 7.1 and 8.3, duly executed by the persons referred to in such Sections.

  • Voluntary Termination by Executive The Executive may voluntarily terminate his employment for any reason and such termination shall take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and benefits that were vested through such termination date. In the event Executive is terminated without notice, it shall be deemed a termination by the Company for Cause.

  • Employment and Non-Competition Agreements The employees of Target set forth on Schedule 5.17 shall have accepted employment with Acquiror and shall have entered into an Employment and Non-Competition Agreement substantially in the form attached hereto as Exhibits H-1, et. seq.

  • Non-Competition a. Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates and accordingly agrees as follows:

  • Termination by Executive with Good Reason Executive may terminate Executive’s employment with Good Reason by providing the Company fifteen (15) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such fifteen (15) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the date immediately following the expiration of the fifteen (15) day notice period, and Executive shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Executive’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 8(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Nonsolicitation and Noncompetition 4.1 During the Employee’s employment with the Company, and for a period expiring eighteen (18) months after the termination of the Employee’s employment (the “Restrictive Period”), regardless of the reason, if any, for such termination, the Employee shall not, in the United States, Western Europe or Canada, directly or indirectly:

  • NON-COMPETITION AND NONSOLICITATION Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly:

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