Common use of Following Termination of Employment Clause in Contracts

Following Termination of Employment. For a period of two (2) years after Employee’s separation from Bank for any reason, Employee shall not: (i) in the states of Indiana and/or Michigan; (ii) in any Indiana county or Michigan county in which Bank maintains a branch or other office; (iii) in any Indiana county or Michigan county in which customers of Bank reside or maintain a facility; (iv) in the geographic area in which Employee has been performing services on behalf of Bank, or for which Employee has been assigned responsibility, at any time within one (1) year preceding Employee’s separation; directly or indirectly own, manage, finance, operate, control or participate in ownership, management, or operation of, act as an agent, consultant, or be employed in a Competitive Capacity with, any banking or financial institution which competes with Bank or any of its Affiliates. Employee further agrees that during that same period, Employee will not assist in the research and development of products or services (A) where such research and development would be aided by the Confidential Information learned in the course of Employee’s relationship with Bank; or (B) which compete with those products or services of Bank or any Affiliate.

Appears in 5 contracts

Samples: Change in Control Agreement (Horizon Bancorp Inc /In/), Change in Control Agreement (Horizon Bancorp Inc /In/), Change in Control Agreement (Horizon Bancorp Inc /In/)

AutoNDA by SimpleDocs

Following Termination of Employment. For a period of two (2) years after Employee’s separation from Bank for any reason, Employee shall not: (i) in In the states of Indiana and/or or Michigan; (ii) in any Indiana county or Michigan county in which Bank maintains a branch or other office; (iii) in any Indiana county or Michigan county in which customers of Bank reside or maintain a facility; (iv) in the geographic area in which Employee has been performing services on behalf of Bank, or for which Employee has been assigned responsibility, at any time within one (1) year preceding Employee’s separation; directly or indirectly own, manage, finance, operate, control or participate in ownership, management, or operation of, act as an agent, consultant, or be employed in a Competitive Capacity with, any banking or financial institution which competes with Bank or any of its Affiliates. Employee further agrees that during that same period, Employee will not assist in the research and development of products or services (A) where such research and development would be aided by the Confidential Information learned in the course of Employee’s relationship with Bank; or (B) which compete with those products or services of Bank or any Affiliate.

Appears in 2 contracts

Samples: Change in Control Agreement (Horizon Bancorp Inc /In/), Change in Control Agreement (Horizon Bancorp Inc /In/)

Following Termination of Employment. For a period of two one (21) years year after Employee’s separation from Bank for any reason, Employee shall not: (i) in the states of Indiana and/or Michigan; (ii) in any Indiana county or Michigan county in which Bank maintains a branch or other office; (iii) in any Indiana county or Michigan county in which customers of Bank reside or maintain a facility; (iv) in the geographic area in which Employee has been performing services on behalf of Bank, or for which Employee has been assigned responsibility, at any time within one (1) year preceding Employee’s separation; directly or indirectly own, manage, finance, operate, control or participate in ownership, management, or operation of, act as an agent, consultant, or be employed in a Competitive Capacity with, any banking or financial institution which competes with Bank or any of its Affiliates. Employee further agrees that during that same period, Employee will not assist in the research and development of products or services (A) where such research and development would be aided by the Confidential Information learned in the course of Employee’s relationship with Bank; or (B) which compete with those products or services of Bank or any Affiliate.

Appears in 2 contracts

Samples: Change in Control Agreement (Horizon Bancorp Inc /In/), Change in Control Agreement (Horizon Bancorp Inc /In/)

Following Termination of Employment. For a period of two one (21) years year after Employee’s separation from Bank for any reason, Employee shall not: (i) in the states of Indiana and/or Michigan; (ii) in any Indiana county or Michigan county in which Bank maintains a branch or other office; (iii) in any Indiana county or Michigan county in which customers of Bank reside or maintain a facility; (iv) in the geographic area in which Employee has been performing services on behalf of Bank, or for which Employee has been assigned responsibility, at any time within one (1) year preceding Employee’s separation; directly or indirectly own, manage, finance, operate, control or participate in ownership, management, or operation of, act as an agent, consultant, or be employed in a Competitive Capacity with, any banking or financial institution which competes with Bank or any of its Affiliates. Employee further agrees that during that the same period, Employee will not assist in the research and development of products or services (A) where such research and development would be aided by the Confidential Information learned in the course of Employee’s relationship with Bank; or (B) which compete with those products or services of Bank or any Affiliate.

Appears in 1 contract

Samples: Change in Control Agreement (Horizon Bancorp Inc /In/)

AutoNDA by SimpleDocs

Following Termination of Employment. For a period of two six (26) years months after Employee’s separation from Bank for any reason, Employee shall not: (i) in the states of Indiana and/or Michigan; (ii) in any Indiana county or Michigan county in which Bank maintains a branch or other office; (iii) in any Indiana county or Michigan county in which customers of Bank reside or maintain a facility; (iv) in the geographic area in which Employee has been performing services on behalf of Bank, or for which Employee has been assigned responsibility, at any time within one (1) year preceding Employee’s separation; directly or indirectly own, manage, finance, operate, control or participate in ownership, management, or operation of, act as an agent, consultant, or be employed in a Competitive Capacity with, any banking or financial institution which competes with Bank or any of its Affiliates. Employee further agrees that during that same period, Employee will not assist in the research and development of products or services (A) where such research and development would be aided by the Confidential Information learned in the course of Employee’s relationship with Bank; or (B) which compete with those products or services of Bank or any Affiliate.

Appears in 1 contract

Samples: Change in Control Agreement (Horizon Bancorp Inc /In/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!