Common use of Loyalty; Noncompetition Clause in Contracts

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, 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, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of the Executive’s 's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 Section shall be deemed to 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 Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his her employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his her employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Holding Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Holding Company, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Holding Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Association or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyAssociation. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Association, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulationregula tion. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his her employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, from time to time, Executive the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his her employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of ExecutiveEmployee’s duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 Section 6 shall be deemed to prevent or limit the ExecutiveEmployee’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of ExecutiveEmployee’s duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the ExecutiveEmployee’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his Executive’s employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his Executive’s full business time, attention, skill, and efforts to the faithful performance of his Executive’s duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, Board present any conflict of interest with the Company or any of its subsidiaries or affiliatesportfolio companies, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his Executive’s employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business, provided such investment does not: (i) constitute a conflict of interest, (ii) violate laws or regulations applicable to the Company, without limitation, the Investment Company Act of 1940, or (iii) violate any rules or polices promulgated by the Board.

Loyalty; Noncompetition. (a) During the period of his her employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his her employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his her employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Association or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his her employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyAssociation. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Association, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, nor violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Association or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyAssociation. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Association, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, nor violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his or her employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his her employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Bank or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of ExecutiveEmployee’s duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his her employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBank, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 Section 6 shall be deemed to prevent or limit the ExecutiveEmployee’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company Bank, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliatesportfolio companies, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliatesportfolio companies, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company BSMI or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyBSMI, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company BSMI, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company Association or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his or her employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the CompanyAssociation. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Association, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunderhereunder to the Company and its subsidiaries; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or organizations which will not present, in the reasonable opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s 's duties pursuant to this Agreement, nor violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to prevent or limit the Executive’s right 's right (i) to invest in the capital stock or other securities of any business dissimilar from that of the Company or, solely as a passive or minority investor, in any business, or (ii) to own and perform reasonable management duties for J R Group, LLC (:JR") on behalf of the Company pursuant to a management services agreement between JR and the Company which provides, among other things, for the payment to the Company of all revenues of JR in excess of $70,000 per year based upon its annual federal income tax returns.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, . Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 Section shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business.

Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive Employee shall devote substantially all his full business time, attention, skill, and efforts to the faithful performance of his duties hereunderhereunder to the Company and its subisidiaries; provided, however, from time to time, Executive Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or organizations which will not present, in the opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, nor or unfavorably affect the performance of Executive’s the Employee's duties pursuant to this Agreement, nor or will not violate any applicable statute or regulation. “"Full business time” " is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term term of his employment under this Agreement, the Executive Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company, or be gainfully employed in any other position or job other than as provided above. (b) Nothing contained in this Paragraph 7 Section 6 shall be deemed to prevent or limit the Executive’s Employee's right to invest in the capital stock or other securities of any business dissimilar from that of the Company Company, or, solely as a passive or minority investor, in any business. 7.

Loyalty; Noncompetition. (a) During the period of his her employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his her full business time, attention, skill, and efforts to the faithful performance of his her duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliatesportfolio companies, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. “Full business time” is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his her employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to 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 or, solely as a passive or minority investor, in any business.