Common use of Loyalty and Confidentiality Clause in Contracts

Loyalty and Confidentiality. a. During the term of this Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties under 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 that will not present any conflict of interest with the Bank or any of its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Bank or any of its subsidiaries or affiliates. Executive further agrees to promptly disclose all current or future relationships with any entity that has an affiliation with the Bank or any of its subsidiaries or affiliates. b. Nothing contained in this Agreement 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 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 Bank or its subsidiaries or affiliates; the names or addresses of any borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. 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 will he use the information in any way other than for the benefit of the Bank.

Loyalty and Confidentiality. a. During the term Term of this Agreement, Executive will Agreement the Officer: (i) shall devote all his business the Officer’s time, attention, skill, and efforts to the faithful performance of his the Officer’s duties under this Agreementhereunder; 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 that which will not present any conflict of interest with the Bank or any of its subsidiaries or affiliatestheir subsidiaries, unfavorably affect the performance of Executive’s Officer's duties pursuant to this Agreement, Agreement or violate any applicable statute or regulation; (ii) devote reasonable periods of time to charitable and community activities; and (iii) manage personal business interests. Executive will Notwithstanding the foregoing, Officer shall not engage in any business or activity contrary to the business affairs or interests of the Bank or any of its subsidiaries or affiliates. Executive further agrees to promptly disclose all current or future relationships with any entity that has an affiliation with the Bank or any of its subsidiaries or affiliatestheir subsidiaries. b. Nothing contained in this Agreement will shall prevent or limit Executive’s the Officer's right to invest in the capital stock or other securities or interests of any business dissimilar from that of the Bank, Bancorp and their subsidiaries or, solely as a passive, minority investor, investor in any business. c. Executive The Officer agrees to maintain the confidentiality of any and all information concerning the operation or financial status of the Bank or its subsidiaries or affiliatesBank; the names or addresses of any of their borrowers, depositors depositors, clients, and other customers; any information concerning or obtained from such clients or customers; and any other information concerning the Bank Bank, or its their subsidiaries or affiliates to which he the Officer may be exposed during the course of his employment. Executive The Officer further agrees that, unless required by law or specifically specifical-ly permitted by 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 will he use shall the Officer employ such information in any way other than for the benefit of the Bank. Notwithstanding the above provisions of this Section 9(c), the Officer may provide such information to Officer’s legal counsel relevant to pending or threatened legal action in which the Officer is or may be a party to the extent it is provided with the understanding and in a fashion that such information is and remains subject to attorney-client privilege of the Officer and Officer does not waive such privilege, and to Officer’s certified public accountant, to the extent that such information is reasonably necessary for the calculation of Officer’s federal, state, or local taxes, and in all events, provided that no disclosure of any such information: (i) is contrary to applicable law, including, without limitation, federal and state laws pertaining to the confidentiality of customer information and trade secrecy laws, or (ii) violates any other confidentiality agreement or policy to which Officer, the Bank or any of their subsidiaries is subject.

Loyalty and Confidentiality. a. (a) During the term of this Agreement, Executive will devote all his business time, attention, skill, and efforts to the faithful performance of his duties under 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 that will not present any conflict of interest with the Bank or any of its subsidiaries or affiliates, unfavorably affect the performance of Executive’s duties pursuant to this Agreement, or violate any applicable statute or regulation. Executive will not engage in any business or activity contrary to the business affairs or interests of the Bank or any of its subsidiaries or affiliates. Executive further agrees to promptly disclose all current or future relationships with any entity that has an affiliation with Notwithstanding, the provisions of this Section 10(a), the Bank or any agrees that Executive may continue to serve as a director of its subsidiaries or affiliatesXxx Xxxxxx Neighborhood Bank. b. (b) Nothing contained in this Agreement 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 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 Bank or and its subsidiaries or affiliates; the names or addresses of any borrowers, depositors and other customers; any information concerning or obtained from such customers; and any other information concerning the Bank or its subsidiaries or affiliates to which he may be exposed during the course of his employment. 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 will he use the information in any way other than for the benefit of the Bank.