Loyalty and Confidentiality. (a) During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank. (b) Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business. (c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 32 contracts
Samples: Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 22 contracts
Samples: Employment Agreement (Beneficial Bancorp Inc.), Employment Agreement (Beneficial Bancorp Inc.), Employment Agreement (Beneficial Bancorp Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 20 contracts
Samples: Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (First Advantage Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the Bankor its affiliates.
Appears in 19 contracts
Samples: Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (First Advantage Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 13 contracts
Samples: Employment Agreement (Northeast Community Bancorp Inc), Employment Agreement (Northeast Community Bancorp Inc), Company Employment Agreement (Chicopee Bancorp, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 11 contracts
Samples: Employment Agreement (SI Financial Group, Inc.), Employment Agreement (Equitable Financial Corp), Employment Agreement (SI Financial Group, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement: (i) the Officer shall devote all his the requisite time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executivethe Officer’s duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) the Officer shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall prevent or limit Executivethe Officer’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankBank or any of its subsidiaries or affiliates, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he the Officer may be exposed during the course of his employmentthe Officer’s employment with the Bank. The Executive Officer further agrees that, unless required by law or specifically permitted by the Board in writing, he the Officer will not disclose to any person or entity, either during or subsequent to his employmentemployment with the Bank, any of the above-mentioned information which is not generally known to the public, nor shall he the Officer employ such information in any way other than for the benefit of the Company and the BankBank or any of its subsidiaries or affiliates.
Appears in 8 contracts
Samples: Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his the Officer’s time, attention, skill, and efforts to the faithful performance of his the Officer’s duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and Bancorp or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of ExecutiveOfficer’s duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bancorp or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executivethe Officer’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bancorp and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bancorp and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and Bancorp or the Bank to which he the Officer may be exposed during the course of his employment. The Executive Officer further agrees that, unless required by law or specifically permitted by Bancorp or the Board Bank in writing, he the Officer will not disclose to any person or entity, either during or subsequent to his the officer’s employment, any of the above-mentioned information which is not generally known to the public, nor shall he the Officer employ such information in any way other than for the benefit of the Company Bancorp and the Bank.
Appears in 7 contracts
Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 6 contracts
Samples: Company Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.), Three Year Employment Agreement (Chicopee Bancorp, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 6 contracts
Samples: Employment Agreement (Northeast Community Bancorp Inc), Company Employment Agreement (Northeast Community Bancorp Inc), Company Employment Agreement (Polonia Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement the Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, the Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit the Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. The Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board Boards of Directors in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 6 contracts
Samples: Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, affiliates or unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank. “Full business time” is hereby defined as that amount of time usually devoted to like companies and the Bankinstitutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he she employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 6 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and or the Bank or any of their subsidiaries or affiliates, affiliates or unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and or the Bank. "Full business time" is hereby defined as that amount of time usually devoted to like companies and institutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 6 contracts
Samples: Merger Agreement (Kentucky First Federal Bancorp), Merger Agreement (Frankfort First Bancorp Inc), Merger Agreement (Frankfort First Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) i. shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) . shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 5 contracts
Samples: Employment Agreement (SI Financial Group, Inc.), Employment Agreement (SI Financial Group, Inc.), Employment Agreement (SI Financial Group, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and Bancorp or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s Officer's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bancorp or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bancorp and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bancorp and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and Bancorp or the Bank to which he may be exposed during the course of his employment. The Executive Officer further agrees that, unless required by law or specifically permitted by Bancorp or the Board Bank in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company Bancorp and the Bank.
Appears in 5 contracts
Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his her time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he she employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 4 contracts
Samples: Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term Term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to timetime and following written notice to the Board, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 4 contracts
Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)
Loyalty and Confidentiality. (a) a. During the term Term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to timetime and following written notice to the Board, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 4 contracts
Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries its affiliates or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company or its affiliates. “Full business time” is hereby defined as that amount of time usually devoted to like companies and the Bankinstitutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bankits affiliates; the names or addresses of any of its the Bank’s borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bankits affiliates.
Appears in 4 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Agreement, Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 4 contracts
Samples: Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his the Officer's time, attention, skill, and efforts to the faithful performance of his the Officer's duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and Bancorp or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s Officer's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bancorp or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bancorp and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bancorp and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and Bancorp or the Bank to which he the Officer may be exposed during the course of his employment. The Executive Officer further agrees that, unless required by law or specifically permitted by Bancorp or the Board Bank in writing, he the Officer will not disclose to any person or entity, either during or subsequent to his the officer's employment, any of the above-mentioned information which is not generally known to the public, nor shall he the Officer employ such information in any way other than for the benefit of the Company Bancorp and the Bank.
Appears in 3 contracts
Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)
Loyalty and Confidentiality. (a) During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 3 contracts
Samples: Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Polonia Bancorp)
Loyalty and Confidentiality. (a) During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 3 contracts
Samples: Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 3 contracts
Samples: Employment Agreement (Equitable Financial Corp), Employment Agreement (New England Bancshares, Inc.), Employment Agreement (Equitable Financial Corp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank Association or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankAssociation.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankAssociation, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the BankAssociation; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank Association to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the BankAssociation.
Appears in 3 contracts
Samples: Employment Agreement (New England Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.), Employment Agreement (NEBS Bancshares, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank. "Full business time" is hereby defined as that amount of time usually devoted to like companies and the Bankinstitutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank learned while he is employed by the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employmentemployment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 3 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderas President and Chief Executive Officer of the Bank; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed she gains or of which she becomes aware during the course of his employmenther employment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such she use the information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement (BV Financial, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Agreement, Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (FedFirst Financial CORP), Employment Agreement (FedFirst Financial CORP)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such will she use the information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Northeast Community Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank Company to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the BankCompany.
Appears in 2 contracts
Samples: Employment Agreement (New England Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement: (i) the Officer shall devote all his the requisite time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s the Officer's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) the Officer shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankBank or any of its subsidiaries or affiliates, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he the Officer may be exposed during the course of his employmentthe Officer’s employment with the Bank. The Executive Officer further agrees that, unless required by law or specifically permitted by the Board in writing, he the Officer will not disclose to any person or entity, either during or subsequent to his employmentemployment with the Bank, any of the above-mentioned information which is not generally known to the public, nor shall he the Officer employ such information in any way other than for the benefit of the Company and the BankBank or any of its subsidiaries or affiliates.
Appears in 2 contracts
Samples: Employment Agreement (Yardville National Bancorp), Employment Agreement (Yardville National Bancorp)
Loyalty and Confidentiality. (a) a. During the term Term of this Agreement Executive: (i) shall Agreement, Executive will devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderunder this Agreement; provided, however, that from time to timetime and following written notice to the Board, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such will she use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 2 contracts
Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas President and Chief Executive Officer of the Bank and the Company; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreement's employment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank and the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and Bank or the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank or the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and Bank or the BankCompany.
Appears in 2 contracts
Samples: Employment Agreement (FedFirst Financial CORP), Employment Agreement (FedFirst Financial CORP)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his the Officer’s time, attention, skill, and efforts to the faithful performance of his the Officer’s duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and Bank or the Bank Bancorp or any of their subsidiaries or affiliates, unfavorably affect the performance of ExecutiveOfficer’s duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankBancorp.
(b) b. Nothing contained in this Agreement shall prevent or limit Executivethe Officer’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankBancorp, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankBancorp; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and Bank or the Bank Bancorp to which he the Officer may be exposed during the course of his employment. The Executive Officer further agrees that, unless required by law or specifically permitted by the Board Bank or the Bancorp in writing, he the Officer will not disclose to any person or entity, either during or subsequent to his the officer’s employment, any of the above-mentioned information which is not generally known to the public, nor shall he the Officer employ such information in any way other than for the benefit of the Company Bank and the BankBancorp.
Appears in 2 contracts
Samples: Employment Agreement (Sandy Spring Bancorp Inc), Employment Agreement (Sandy Spring Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; Association, the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank Association to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the BankAssociation.
Appears in 2 contracts
Samples: Employment Agreement (NEBS Bancshares, Inc.), Employment Agreement (New England Bancshares, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Agreement, Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or its affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or its affiliates.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankBank or its affiliates, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board Bank in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, affiliates or unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank. "Full business time" is hereby defined as that amount of time usually devoted to like companies and the Bankinstitutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, affiliates or unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank. "Full business time" is hereby defined as that amount of time usually devoted to like companies and the Bankinstitutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he she employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)
Loyalty and Confidentiality. (a) During the term of this Agreement Agreement, Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Ocean Shore Holding Co.), Employment Agreement (Ocean Shore Holding Co)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas [TITLE/POSITION] of the Bank; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company Bank and the BankCompany.
Appears in 2 contracts
Samples: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company Bank and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall will he employ such use the information in any way other than for the benefit of the Company and the BankBank or its affiliates.
Appears in 2 contracts
Samples: Employment Agreement (Delanco Bancorp, Inc.), Employment Agreement (Delanco Bancorp, Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; , the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Two Year Employment Agreement (Newport Bancorp Inc), Three Year Employment Agreement (Newport Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement the Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, the Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of the Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit the Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. The Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, Executive: (i) shall devote all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, affiliates or unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank. “Full business time” is hereby defined as that amount of time usually devoted to like companies and the Bankinstitutions by similarly situated executive officers.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 2 contracts
Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank Association or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankAssociation.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the BankAssociation; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank Association to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the BankAssociation.
Appears in 2 contracts
Samples: Employment Agreement (New England Bancshares Inc), Employment Agreement (New England Bancshares Inc)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his her time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and Bancorp or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s Officer's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bancorp or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bancorp and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bancorp and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and Bancorp or the Bank to which he she may be exposed during the course of his her employment. The Executive Officer further agrees that, unless required by law or specifically permitted by Bancorp or the Board Bank in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he she employ such information in any way other than for the benefit of the Company Bancorp and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board Boards in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Chairman and Chief Financial Officer of the Company; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s employment duties pursuant to this Agreementwith the Company, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank Association or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the BankAssociation.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankAssociation, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the BankAssociation; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank Association to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the BankAssociation.
Appears in 1 contract
Samples: Employment Agreement (New England Bancshares, Inc.)
Loyalty and Confidentiality. (a) During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderas President and Chief Executive Officer of the Bank; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed she gains or of which she becomes aware during the course of his employmenther employment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such she use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s Officer's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and or the Bank, provided that the Officer shall not serve on a board of directors of any company or organization without the prior written approval of the President and Chief Executive Officer.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and or the Bank to which he may be exposed during the course of his employment. The Executive Officer further agrees that, unless required by law or specifically permitted by the Board Company or the Bank in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Samples: Employment Agreement (Indian River Banking Company)
Loyalty and Confidentiality. (a) During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Chairman and Chief Financial Officer of the Bank; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Company, the Bank or Enfield Federal Savings and the BankLoan Association.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; its subsidiaries, the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank its subsidiaries to which he may be exposed during the course of his employmentemployment with the Company and the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bankits subsidiaries.
Appears in 1 contract
Samples: Employment Agreement (New England Bancshares, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Samples: Employment Agreement (Naugatuck Valley Financial Corp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board Boards in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board Boards in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Samples: Three Year Employment Agreement (Liberty Bancorp Inc)
Loyalty and Confidentiality. (a) During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Chairman and Chief Financial Officer of the Company; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s employment duties pursuant to this Agreementwith the Company, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s Officer's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and or the Bank to which he may be exposed during the course of his employment. The Executive Officer further agrees that, unless required by law or specifically permitted by the Board Company or the Bank in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Samples: Employment Agreement (Indian River Banking Company)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; , the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas President and Chief Executive Officer of the Bank and the Company; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank and the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and Bank or the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank or the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and Bank or the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas [TITLE/POSITION] of the Bank and of the Company; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company Bank and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderas President and Chief Executive Officer of the Company; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s employment duties pursuant to this Agreementwith the Company, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed she gains or of which she becomes aware during the course of his employmenther employment with the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such she use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Chairman and Chief Financial Officer of the Bank; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas [TITLE/POSITION] of the Bank; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Executive Vice President and Chief Financial Officer of the Bank; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Agreement, Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board of Directors of the Bank in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Samples: Employment Agreement (Naugatuck Valley Financial Corp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Executive Vice President and Chief Operating Officer of the Bank and the Company; provided, however, that from time to time, Executive may serve on the boards board of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreement's employment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company Bank and the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and Bank or the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Bank or the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and Bank or the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such will she use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderas President and Chief Executive Officer of the Company; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s employment duties pursuant to this Agreementwith the Company, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed she gains or of which she becomes aware during the course of his employmenther employment with the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such she use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executivethe Officer: (i) shall devote all his the Officer’s time, attention, skill, and efforts to the faithful performance of his the Officer’s duties hereunder; provided, however, that from time to time, Executive the Officer may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and Bancorp or the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of ExecutiveOfficer’s duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bancorp or the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executivethe Officer’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bancorp and the Bank, or, solely as a passive, minority investor, in any business.
(c) Executive c. The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bancorp and the Bank; the names or addresses of any of its their borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and Bancorp or the Bank to which he the Officer may be exposed during the course of his of
employment. The Executive Officer further agrees that, unless required by law or specifically permitted by Bancorp or the Board Bank in writing, he the Officer will not disclose to any person or entity, either during or subsequent to his the officer’s employment, any of the above-mentioned information which is not generally known to the public, nor shall he the Officer employ such information in any way other than for the benefit of the Company Bancorp and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company Bank and the Bankits affiliates; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its affiliates to which he she may be exposed during the course of his her employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his her employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such will she use the information in any way other than for the benefit of the Company and the BankBank or its affiliates.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company Company, the Bank or Enfield Federal Savings and the BankLoan Association.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; its subsidiaries, the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank its subsidiaries to which he may be exposed during the course of his employmentemployment with the Company and the Bank. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bankits subsidiaries.
Appears in 1 contract
Samples: Employment Agreement (New England Bancshares, Inc.)
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Senior Vice President-Commercial Lending of the Bank; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company Bank and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas Senior Vice President-Commercial Lending of the Bank; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s duties pursuant to this Agreementemployment duties, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company Bank and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Agreement, Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his his
employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Samples: Employment Agreement (Naugatuck Valley Financial Corp)
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderunder this Agreement; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Company and the BankBank or any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall will prevent or limit Executive’s right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank or its subsidiaries or affiliates to which he she may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he she will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such will she use the information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement ExecutiveAgreement, Executive shall: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties hereunderas [TITLE/POSITION] of the Company; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which that will not present any conflict of interest with the Bank or the Company and the Bank or any of their subsidiaries or affiliates, and that will not unfavorably affect the performance of Executive’s employment duties pursuant to this Agreementwith the Company, or and that will not violate any applicable statute or regulation and (ii) regulation. Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company and Bank or the BankCompany.
(b) b. Nothing contained in this Agreement shall prevent prevents or limit limits Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and Bank or the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company Bank and the BankCompany; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or the Company and the Bank to which he may be exposed gains or of which he becomes aware during the course of his employmentemployment with the Company. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such use the information in any way other than for the benefit of the Company and the BankCompany.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bankor any of its subsidiaries or affiliates.
(b) b. Nothing contained in this Agreement shall prevent or limit Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the BankCompany, or, solely as a passive, minority investor, in any business.
(c) c. Executive agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Company and the Bank; , the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank its affiliates to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract
Loyalty and Confidentiality. (a) a. During the term of this Agreement the Executive: (i) shall devote all his time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, that from time to time, the Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present any conflict of interest with the Company and the Bank or any of their subsidiaries or affiliates, unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, or violate any applicable statute or regulation regulation; and (ii) shall not engage in any business or activity contrary to the business affairs or interests of the Company and the Bank.
(b) b. Nothing contained in this Agreement shall prevent or limit the Executive’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company and the Bank, or, solely as a passive, minority investor, in any business.
(c) c. The Executive agrees to maintain the confidentiality of any and all information concerning the operation operations or financial status of the Company and the Bank; the names or addresses of any of its borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Company and the Bank to which he may be exposed during the course of his employment. The Executive further agrees that, unless required by law or specifically permitted by the Board Boards of Directors in writing, he will not disclose to any person or entity, either during or subsequent to his employment, any of the above-mentioned information which is not generally known to the public, nor shall he employ such information in any way other than for the benefit of the Company and the Bank.
Appears in 1 contract