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.

Appears in 36 contracts

Samples: Colonial Federal Savings (CFSB Bancorp, Inc. /MA/), Delanco Federal Savings (Delanco Bancorp, Inc.), Employment Agreement (Sugar Creek Financial Corp./Md/)

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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 Company 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 Company or any of its subsidiaries or affiliates.

Appears in 25 contracts

Samples: Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Northeast Community Bancorp Inc)

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.

Appears in 5 contracts

Samples: Employment Agreement (Polonia Bancorp), FSB Employment Agreement (Auburn Bancorp, Inc.), Employment Agreement (Auburn Bancorp, Inc.)

Loyalty and Confidentiality. a. During the term of this Agreement, Executive will devote all his her business time, attention, skill, and efforts to the faithful performance of his her 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.

Appears in 4 contracts

Samples: Colonial Federal Savings (CFSB Bancorp, Inc. /MA/), Delanco Federal Savings (Delanco Bancorp, Inc.), Chicopee Savings Bank (Chicopee Bancorp, Inc.)

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 Company 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 Company or any of its subsidiaries or affiliates.

Appears in 3 contracts

Samples: Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp)

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Loyalty and Confidentiality. a. During the term of this Agreement, Executive will Executive: (i) shall devote all his business time, attention, skill, and efforts to the faithful performance of his duties under this Agreementhereunder; 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 which 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 regulation and (ii) 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.

Appears in 2 contracts

Samples: Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp)

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.

Appears in 2 contracts

Samples: Baltimore County Savings (BCSB Bankcorp Inc), Baltimore County Savings (BCSB Bancorp Inc.)

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. Notwithstanding, the provisions of this Section 10(a), the Bank agrees that Executive may continue to serve as a director of Xxx Xxxxxx Neighborhood Bank.

Appears in 1 contract

Samples: Employment Agreement (Polonia Bancorp Inc)

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