Common use of ENGAGEMENT IN OTHER EMPLOYMENT Clause in Contracts

ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote all his working time, ability and attention to the business of the Bank and Corporation during the term of this Agreement. The Executive shall notify the Board of Directors of the Bank and Corporation in writing and receive their written consent before the Executive engages in any other business or commercial activities, 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 Bank and/or Corporation, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Bank and/or Corporation.

Appears in 2 contracts

Samples: Executive Employment Agreement (Acnb Corp), Employment Agreement (Peoples Financial Corp Inc /Pa/)

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ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote all his ------------------------------ working time, ability and attention to the business of the Corporation and the Bank and Corporation during the term of this Agreement. The Executive shall notify the President and the Board of Directors of the Corporation and the Bank and Corporation in writing and receive their written consent before the Executive engages in any other business or commercial activities, 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 Bank and/or Corporation, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Bank and/or Corporation.

Appears in 1 contract

Samples: Executive Employment Agreement (Acnb Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote all his working time, ability and attention to the business of the Bank and Corporation during the term of this Agreement. The Executive shall notify the Board of Directors of the Bank and Corporation in writing and receive their prior written consent approval from the Bank, which approval shall not be unreasonably withheld, before the Executive engages in any other business business, commercial, voluntary or commercial philanthropic activities, 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 Bank and/or CorporationBank, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Bank and/or CorporationBank.

Appears in 1 contract

Samples: Executive Employment Agreement (CB Financial Services, Inc.)

ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote all his working time, ability ability, and attention to the business of the Corporation and Bank and Corporation during the term of this Agreement. The Executive shall notify the Board Boards of Directors of the Corporation and Bank and Corporation in writing and receive their written consent approval from the Corporation and Bank before the Executive engages in any other business business, commercial, voluntary, or commercial philanthropic activities, 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 Bank and/or CorporationCorporation or Bank, nor may the Executive serve as a director or officer officer, or in any other capacity in a company which competes with the Bank and/or CorporationCorporation or Bank.

Appears in 1 contract

Samples: Agreement (Penn Laurel Financial Corp)

ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote substantially all his working time, ability and attention to the business of the Corporation and/or the Bank and Corporation during the term of this Agreement. The Executive shall notify the Board Boards of Directors of the Corporation and the Bank and Corporation in writing and receive their written consent before the Executive engages in any other business or commercial activities, 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 Bank and/or CorporationCorporation or the Bank, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Bank Corporation and/or Corporationthe Bank.

Appears in 1 contract

Samples: Employment Agreement (Ml Bancorp Inc)

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ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote all his working time, ability and attention to the business of the Bank and Corporation during the term of this Agreement. The Executive shall notify the Board of Directors of the Bank and Corporation in writing and receive their prior written consent approval from the Bank, which approval shall not be unreasonably withheld, before the Executive engages in any other business business, commercial, voluntary or commercial philanthropic activities, 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 Bank and/or CorporationBank, nor may the Executive serve as a director or officer or in any other capacity in a an company which competes with the Bank and/or CorporationBank.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (CB Financial Services, Inc.)

ENGAGEMENT IN OTHER EMPLOYMENT. The Executive shall devote substantially all his working time, ability and attention to the business of the Bank and and/or the Corporation during the term of this Agreement. The Executive shall notify the Board of Directors of the Bank and Corporation in writing and receive their written consent before the Executive engages in any other business or commercial activities, 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 Bank and/or or the Corporation, nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Bank Corporation and/or Corporationthe Bank.

Appears in 1 contract

Samples: Employment Agreement (Ml Bancorp Inc)

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