Common use of Loyalty to the Bank Clause in Contracts

Loyalty to the Bank. During the Employee’s employment with the Bank, the Employee shall not, directly or indirectly, as owner, partner, director, officer, employee, agent, consultant, advisor, contractor or otherwise, whether for consideration or without consideration, for the benefit of any person, entity or group (a “Person”) other than for the Bank, compete with or otherwise engage in the sale of any products or the performance of any services which are comparable to, or which are intended to substitute for, the products or services offered by the Bank. Nothing in this paragraph (a) shall be deemed to prevent or limit the Employee’s right to invest in the securities of any business dissimilar from that of the Bank, or, solely as a passive or minority investor, in any business.