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 Employers, and further recognizes that in such event monetary damages may be inadequate to fully protect the Employers. Accordingly, in the event of a breach or threatened breach of this Agreement, the Executive consents to the Employers' entitlement to such ex parte, preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the 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 Employers from pursuing any other remedies available to the 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 5.4.1 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Employers in Section 5.4.1 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 hereof will not be materially adverse to the Executive's employment with the Employers, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement.
Appears in 3 contracts
Samples: 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 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' 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 Employers' Bank’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 Employers post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 hereof 2.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Employers Bank in Section 5.4.1 hereof 2.3.1 are necessary to protect its legitimate business interest, ; (iiic) the restrictions set forth in this Section 5.4.1 hereof 2.3 will not be materially adverse to the Executive's ’s employment with the Employers, Bank; and (ivd) his agreement to observe such restrictions forms a material part of the consideration for this 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 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' 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 Employers' Bank'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 Employers post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 hereof 2.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Employers Bank in Section 5.4.1 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 hereof will not be materially adverse to the Executive's employment with the Employers, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement.Section
Appears in 1 contract
Samples: Cambridge Trust Company 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 4.3, the Executive recognizes the substantial and immediate harm that a breach or threatened breach will impose upon the EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' 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 Employers' Bank’s rights hereunder and preventing the Executive from further breaching any of his or her 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 Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 hereof 4.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Employers Bank in Section 5.4.1 hereof 4.3.1 are necessary to protect its legitimate business interest, ; (iiic) the restrictions set forth in this Section 5.4.1 hereof 4.3 will not be materially adverse to the Executive's ’s employment with the Employers, Bank; and (ivd) his or her agreement to observe such restrictions forms a material part of the consideration for this 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' 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 Employers' Bank'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 Employers post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 hereof 2.3 are reasonable, in terms of scope, duration, geographic area, and otherwise, ; (iib) the protections afforded the Employers Bank in Section 5.4.1 hereof 2.3.1 are necessary to protect its legitimate business interest, ; (iiic) the restrictions set forth in this Section 5.4.1 hereof 2.3 will not be materially adverse to the Executive's employment with the Employers, Bank; and (ivd) his agreement to observe such restrictions forms a material part of the consideration for this 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' entitlement to such ex parte, Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Employers' Bank’s rights hereunder and preventing the Executive from further breaching any of his or her 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 Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 5.3 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Employers Bank in this Section 5.4.1 5.3.1 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 5.3 hereof will not be materially adverse to the Executive's ’s employment with the EmployersBank, and (iv) his or her agreement to observe such restrictions forms a material part of the consideration for this 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 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to the Employers' Bank's entitlement to such ex parte, preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Employers' Bank'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 Employers post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 5.4 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Employers Bank in Section 5.4.1 5.4 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 5.4 hereof will not be materially adverse to the Executive's employment service with the EmployersBank, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' entitlement to such ex parte, Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Employers' Bank’s rights hereunder and preventing the Executive from further breaching any of his or her 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 Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 5.3 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Employers Bank in this Section 5.4.1 5.3.I hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 5.3 hereof will not be materially adverse to the Executive's ’s employment with the EmployersBank, and (iv) his or her agreement to observe such restrictions forms a material part of the consideration for this Agreement.
Appears in 1 contract
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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to the Employers' Bank’s entitlement to such ex parte, preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Employers' Bank’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 Employers post a bond as a condition of obtaining any of the above-described remedies. Nothing herein shall be construed as prohibiting the Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 5.4 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Employers Bank in Section 5.4.1 5.4 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 5.4 hereof will not be materially adverse to the Executive's employment ’s service with the EmployersBank, and (iv) his agreement to observe such restrictions forms a material part of the consideration for this Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Home Federal 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 EmployersBank, and further recognizes that in such event monetary damages may be inadequate to fully protect the EmployersBank. Accordingly, in the event of a breach or threatened breach of this Agreementthese restrictions, the Executive consents to agrees that the Employers' entitlement to such ex parte, Bank may obtain preliminary, interlocutory, temporary or permanent injunctive, or any other equitable relief, protecting and fully enforcing the Employers' Bank's rights hereunder and preventing the Executive from further breaching any of his or her 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 Employers Bank from pursuing any other remedies available to the Employers 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 5.4.1 5.3 hereof are reasonable, in terms of scope, duration, geographic area, and otherwise, (ii) the protections afforded the Employers Bank in this Section 5.4.1 5.3.1 hereof are necessary to protect its legitimate business interest, (iii) the restrictions set forth in Section 5.4.1 5.3 hereof will not be materially adverse to the Executive's employment with the EmployersBank, and (iv) his or her agreement to observe such restrictions forms a material part of the consideration for this Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)