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 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 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: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)

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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 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 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 4 contracts

Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM 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 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 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 2 contracts

Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM 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 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 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 2 contracts

Samples: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)

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Loyalty and Confidentiality. a. During the Term term of this Agreement, Executive will shall: (i) devote all his business time, attention, skill, and efforts to the faithful performance of his duties under this Agreementas [TITLE/POSITION] of the Bank and of the Company; provided, however, that from time to time and following written notice to the Boardtime, 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 the Company or any of its subsidiaries or their 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. Executive will shall not engage in any business or activity contrary to the business affairs or interests of the Bank or any of its subsidiaries or affiliatesthe Company.

Appears in 1 contract

Samples: Employment Agreement (BV Financial, Inc.)

Loyalty and Confidentiality. a. During the Term term of this Agreement, Executive will shall: (i) devote all his business time, attention, skill, and efforts to the faithful performance of his duties under this Agreementas [TITLE/POSITION] of the Company; provided, however, that from time to time and following written notice to the Boardtime, 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 the Company or any of its subsidiaries or their 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. Executive will shall not engage in any business or activity contrary to the business affairs or interests of the Bank or any of its subsidiaries or affiliatesthe Company.

Appears in 1 contract

Samples: Employment Agreement (BV Financial, Inc.)

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