Common use of Loyalty; Noncompetition Clause in Contracts

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 13 contracts

Samples: Employment Agreement (Roebling Financial Corp, Inc.), Employment Agreement (Roebling Financial Corp, Inc.), Employment Agreement (Roebling Financial Corp Inc)

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Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 8 contracts

Samples: Employment Agreement (Landmark Bancshares Inc), Employment Agreement (Landmark Bancshares Inc), Employment Agreement (Northern Star Financial Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentBank. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentBank, or, solely as a passive or minority investor, in any business.

Appears in 4 contracts

Samples: Employment Agreement (1855 Bancorp), Employment Agreement (Sandwich Bancorp Inc), Employment Agreement (Thistle Group Holdings Co)

Loyalty; Noncompetition. (a) The During the Term, Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, and the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 4 contracts

Samples: Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank Association or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, or solely as a passive or minority investor, in any business.

Appears in 4 contracts

Samples: Employment Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's ’s employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentBank. (b) Nothing contained in this Section 6 4 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentBank, or, solely as a passive or minority investor, in any business.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (Teche Holding Co), Change in Control Severance Agreement (Teche Holding Co), Change in Control Severance Agreement (Teche Holding Co)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank Association or Parent. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank Association or Parent, or, solely as a passive or minority investor, in any business.

Appears in 3 contracts

Samples: Employment Agreement (CCF Holding Co), Employment Agreement (NCF Financial Corp /De/), Employment Agreement (Harrodsburg First Financial Bancorp Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Savings Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Savings Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 3 contracts

Samples: Employment Agreement (WSB Holding Co), Employment Agreement (Advance Financial Bancorp), Employment Agreement (WSB Holding Co)

Loyalty; Noncompetition. (a) The During the Term of Employee's employment under this Agreement, the Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, and the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 3 contracts

Samples: Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.)

Loyalty; Noncompetition. (a) The Employee shall devote his his/her full business time and attention to the performance of his his/her employment under this Agreement. During the term of Employee's ’s employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentRCC. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, RCC or, solely as a passive or minority investor, in any business.

Appears in 3 contracts

Samples: Employment Agreement (Rural Cellular Corp), Employment Agreement (Rural Cellular Corp), Employment Agreement (Rural Cellular Corp)

Loyalty; Noncompetition. (a) The Employee shall devote his her full time and attention to the performance of his her employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 3 contracts

Samples: Employment Agreement (WHG Bancshares Corp), Employment Agreement (WHG Bancshares Corp), Employment Agreement (Little Falls Bancorp Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's ’s employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank Association or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, or solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's ’s employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, or solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentRCC. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentRCC, or, solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (Rural Cellular Corp), Employment Agreement (Rural Cellular Corp)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentBank. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentBank, or, solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (PHS Bancorp Inc), Employment Agreement (PHSB Financial Corp)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's ’s employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (Roebling Financial Corp, Inc.), Employment Agreement (Roebling Financial Corp, Inc.)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentBank. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentEmployer, or, solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (Central Bancorp Inc /Ma/), Employment Agreement (Central Bancorp Inc /Ma/)

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Loyalty; Noncompetition. (a) The Employee shall devote his full business time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentRCC. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, RCC or, solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (Rural Cellular Corp), Employment Agreement (Rural Cellular Corp)

Loyalty; Noncompetition. (a) The During the Term, Employee shall devote his her full time and attention to the performance of his employment under this Agreement. During the term of Employee's her employment under this Agreement, and the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 2 contracts

Samples: Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank Savings Association or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank Savings Association or Parent, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (Sistersville Bancorp Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentSavings Bank. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentSavings Bank, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (CFS Bancshares Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentBank. (b) Nothing contained in this Section 6 4 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentBank, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Teche Holding Co)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank Association or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank Association or Parent, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (CCF Holding Co)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreementagreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Savings Bank or Parent. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Savings Bank or Parent, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (Advance Financial Bancorp)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentBank. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank Employer, or Parent, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (Central Bancorp Inc /Ma/)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his this employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank Association or Parent. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank Association or Parentparent, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (Afsala Bancorp Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his this employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or Parent. (b) Nothing contained in this Section Paragraph 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or Parentparent, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (Afsala Bancorp Inc)

Loyalty; Noncompetition. (a) The Employee shall devote his full time and attention to the performance of his employment under this Agreement. During the term of Employee's employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Bank or ParentNewSouth. (b) Nothing contained in this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of the Bank or ParentNewSouth, or, solely as a passive or minority investor, in any business.

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

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