Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictions, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to the Bank's entitlement to such ex parte preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Bank's rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank in Section 5.4 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 hereof will not be materially adverse to the Executive's service with the Bank, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp), Supplemental Executive Retirement Agreement (Community Partners Bancorp), Supplemental Executive Retirement Agreement (Community Partners Bancorp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictionsthe restrictions set forth in this Section 2.3, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to agrees that the Bank's entitlement to such ex parte Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, injunctive or any other equitable relief, relief protecting and fully enforcing the Bank's ’s rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (ia) the restrictions set forth in this Section 5.4 hereof 2.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Bank in Section 5.4 hereof 2.3.1 are necessary to protect its legitimate business interest, ; (iiic) the restrictions set forth in this Section 5.4 hereof 2.3 will not be materially adverse to the Executive's service ’s employment with the Bank, ; and (ivd) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp), Supplemental Executive Retirement Agreement (Cambridge Bancorp), Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictions, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the BankEmployers, and further recognizes that in such event monetary damages may be inadequate to fully protect the BankEmployers. Accordingly, in the event of a breach or threatened breach of these restrictionsthis Agreement, the Executive consents to the Bank's Employers' entitlement to such ex parte parte, preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Bank's Employers' rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. The Executive expressly waives any requirement, based on any statute, rule of procedure, or other source, that the Employers post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Bank Employers from pursuing any other remedies available to the Bank Employers at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 5.4.1 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank Employers in Section 5.4 5.4.1 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 5.4.1 hereof will not be materially adverse to the Executive's service employment with the BankEmployers, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictions, the Executive recognizes Two River Community Bank Supplemental Executive Retirement Agreement -------------------------------------------------------------------------------- the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to the Bank's entitlement to such ex parte preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Bank's rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank in Section 5.4 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 hereof will not be materially adverse to the Executive's service with the Bank, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Community Partners Bancorp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictions, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to the Bank's ’s entitlement to such ex parte parte, preliminary, interlocutory, temporary or permanent FORM OF MALVERN FEDERAL SAVINGS BANK Supplemental Executive Retirement Plan Agreement injunctive, or any other equitable relief, protecting and fully enforcing the Bank's ’s rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. The Executive expressly waives any requirement, based on any statute, rule of procedure, or other source, that the Bank post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank in Section 5.4 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 hereof will not be materially adverse to the Executive's service ’s employment with the Bank, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictionsthe restrictions set forth in this Section 2.3, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to agrees that the Bank's entitlement to such ex parte Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, injunctive or any other equitable relief, relief protecting and fully enforcing the Bank's rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (ia) the restrictions set forth in this Section 5.4 hereof 2.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Bank in Section 5.4 hereof Section
2.3.1 are necessary to protect its legitimate business interest, ; (iiic) the restrictions set forth in this Section 5.4 hereof 2.3 will not be materially adverse to the Executive's service employment with the Bank, ; and (ivd) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision Director of these restrictions, the Executive Director recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the BankCompany, and further recognizes that in such event monetary damages may be inadequate to fully protect the BankCompany. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive Director consents to the Bank's Company’s entitlement to such ex parte parte, preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Bank's Company’s rights hereunder and preventing the Executive Director from further breaching any of his obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank Company from pursuing any other remedies available to the Bank Company at law or in equity for such breach or threatened breach, including the recovery of damages from the ExecutiveDirector. The Executive Director expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank Company in Section 5.4 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 hereof will not be materially adverse to the Executive's Director’s service with the BankCompany, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Agreement. Cape Savings Bank Supplemental Executive Amended and Restated Director Retirement Agreement --------------------------------------------------------------------------------Agreement
Appears in 1 contract
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictionsthe restrictions set forth in this Section 5.3, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to agrees that the Bank's entitlement to such ex parte Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Bank's ’s rights hereunder and preventing the Executive from further breaching any of his or her obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 5.3 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank in this Section 5.4 5.3.1 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 5.3 hereof will not be materially adverse to the Executive's service ’s employment with the Bank, and (iv) his or her agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictionsthe restrictions set forth in this Section 5.3, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to agrees that the Bank's entitlement to such ex parte Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Bank's ’s rights hereunder and preventing the Executive from further breaching any of his or her obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (i) the restrictions set forth in Section 5.4 5.3 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Bank in this Section 5.4 5.3.I hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4 5.3 hereof will not be materially adverse to the Executive's service ’s employment with the Bank, and (iv) his or her agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)
Judicial Remedies. In the event of a breach or threatened breach by the Executive of any provision of these restrictionsthe restrictions set forth in this Section 2.3, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the Bank, and further recognizes that in such event monetary damages may be inadequate to fully protect the Bank. Accordingly, in the event of a breach or threatened breach of these restrictions, the Executive consents to agrees that the Bank's entitlement to such ex parte Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, injunctive or any other equitable relief, relief protecting and fully enforcing the Bank's rights hereunder and preventing the Executive from further breaching any of his obligations set forth herein. Nothing herein shall be construed as prohibiting the Bank from pursuing any other remedies available to the Bank at law or in equity for such breach or threatened breach, including the recovery of damages from the Executive. The Executive expressly acknowledges and agrees that: (ia) the restrictions set forth in this Section 5.4 hereof 2.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Bank in Section 5.4 hereof 2.3.1 are necessary to protect its legitimate business interest, ; (iiic) the restrictions set forth in this Section 5.4 hereof 2.3 will not be materially adverse to the Executive's service employment with the Bank, ; and (ivd) his agreement to observe such restrictions forms a material part of the consideration for this Agreement Two River Community Bank Supplemental Executive Retirement Agreement --------------------------------------------------------------------------------Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)