Common use of ENGAGEMENT IN OTHER EMPLOYMENT Clause in Contracts

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of the President and CEO of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 5 contracts

Samples: Employment Agreement (Franklin Financial Services Corp /Pa/), Employment Agreement (ENB Financial Corp), Employment Agreement (Franklin Financial Services Corp /Pa/)

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ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Corporation, Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval notify the Boards of the President and CEO Directors of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOBoards of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Boards’ reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 2 contracts

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

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their its subsidiaries or affiliates, affiliates during the term of this Agreement. The Executive shall seek approval notify the President of the President Bank and CEO the Board of the Corporation and Directors of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including including, but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEOBoard’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive may serve on the civic, charitable, and professional associations or groups as delineated on Schedule I for three years after the Closing Date and thereafter subject to the prior written approval of the President of the Bank.

Appears in 2 contracts

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

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of notify the President and President/CEO of the Corporation and of the Bank in writing before the Executive engages accepts engagement in any other business or commercial duties or pursuitspursuits except those explicitly permitted under Section 9 (a) (i) hereunder, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and President/CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and President/CEO’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 2 contracts

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

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of the President and CEO Boards of Directors of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOBoards of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Boards’ of Directors reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 2 contracts

Samples: Employment Agreement (ENB Financial Corp), Employment Agreement (Franklin Financial Services Corp /Pa/)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his her working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of the President and CEO of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his her professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 2 contracts

Samples: Employment Agreement (ENB Financial Corp), Employment Agreement (ENB Financial Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their its subsidiaries or affiliates, affiliates during the term of this Agreement. The Executive shall seek approval notify the President of the President Bank and CEO the Board of the Corporation and Directors of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including including, but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEOBoard’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 2 contracts

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

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of notify the CEO and President and CEO of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President CEO and CEOPresident, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President CEO and CEOPresident’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

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

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his her working time, ability and attention to the business of the Corporation and the Bank and/or their its subsidiaries or affiliates, affiliates during the term of this Agreement. The Executive shall seek approval notify the President of the President Bank and CEO the Board of the Corporation and Directors of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including including, but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his her professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEOBoard’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of notify the President and President/CEO of the Corporation and of the Bank in writing before the Executive engages accepts engagement in any other business or commercial duties or pursuitspursuits except those explicitly permitted under Section 9 (a) (i) hereunder, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and President/CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and President/CEO’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.. 

Appears in 1 contract

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

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his her working time, ability and attention to the business of the Corporation and the Corporation, Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval notify the Boards of the President and CEO Directors of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOBoards of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his her professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Boards’ reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

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ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Parent, Parent Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval of notify the President and CEO Chief Executive Officer of the Corporation Parent and of the Parent Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the CorporationParent, the Parent Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the CorporationParent, the Parent Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOChief Executive Officer, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Chief Executive Officer's reasonable opinion, not in conflict with or detrimental to the Executive’s 's rendition of services on behalf of the CorporationParent, the Parent Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Keystone Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his her working time, ability and attention to the business of the Corporation and the Corporation, Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval notify the Boards of the President and CEO Directors of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOBoards of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his her professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Boards’ reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Corporation, Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval notify the Boards of the President and CEO Directors of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOBoards of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Boards’ reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their any of its subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval notify the Board of the President and CEO Directors of the Corporation and of the Bank in writing and receive written approval from Bank (which approval shall not be unreasonably withheld) before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their its subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliatesBank. Executive shall not be precluded, however, upon written notification to the President and CEOBoard of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Board's reasonable opinion, not in conflict with or detrimental to the Executive’s 's rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliatesBank.

Appears in 1 contract

Samples: Employment Agreement (East Penn Financial Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, affiliates during the term of this Agreement. The Executive shall seek approval of notify the President and CEO of the Corporation and Bank and the Board of Directors of the Corporation and Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including including, but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates affiliates, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEOBoard’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

Samples: Employment Agreement (Acnb Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. The Executive shall seek approval notify the Boards of the President and CEO Directors of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. Executive shall not be precluded, however, upon written notification to the President and CEOBoards of Directors, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s Boards’ of Directors reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates.

Appears in 1 contract

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

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