Common use of Necessary and Reasonable Restrictions Clause in Contracts

Necessary and Reasonable Restrictions. Employee acknowledges and agrees that as the Bank’s President and Chief Executive Officer, he has knowledge of the Bank’s most proprietary and valuable Confidential Information, and that he has unique insight into and knowledge of the skills, talents and capabilities of the Bank’s key employees. Employee further acknowledges and agrees that the covenants contained in Sections 8, 9 and 10 are reasonable and necessary to protect the legitimate business interests of the Bank, in view of, among other things, the short duration of the restrictions, the narrow scope of the restrictions, and the Bank’s interests in protecting its goodwill, valuable Confidential Information, trade secrets, and its business relationships with its suppliers, customers and other individuals or entities necessary to the business of the Bank. Employee agrees that his background and capabilities will allow him to seek and accept employment acceptable to him without violation of the restrictions contained in this Agreement. Employee further acknowledges and agrees that his employment with the Bank and the compensation and benefits under this Agreement constitutes sufficient consideration for his agreement to the non-competition and non-solicitation restrictions set forth in this Agreement.

Necessary and Reasonable Restrictions. Employee acknowledges and agrees that as the Bank’s Senior Vice President and Chief Executive Financial Officer, he has knowledge of the Bank’s most proprietary and valuable Confidential Information, and that he has unique insight into and knowledge of the skills, talents and capabilities of the Bank’s key employees. Employee further acknowledges and agrees that the covenants contained in Sections 8, 9 and 10 are reasonable and necessary to protect the legitimate business interests of the Bank, in view of, among other things, the short duration of the restrictions, the narrow scope of the restrictions, and the Bank’s interests in protecting its goodwill, valuable Confidential Information, trade secrets, and its business relationships with its suppliers, customers and other individuals or entities necessary to the business of the Bank. Employee agrees that his background and capabilities will allow him to seek and accept employment acceptable to him without violation of the restrictions contained in this Agreement. Employee further acknowledges and agrees that his employment with the Bank and the compensation and benefits under this Agreement constitutes sufficient consideration for his agreement to the non-competition and non-solicitation restrictions set forth in this Agreement.

Necessary and Reasonable Restrictions. Employee acknowledges and agrees that as the Bank’s Senior Vice President and Chief Executive OfficerPresident of the Wholesale Mortgage Division, he has knowledge of the Bank’s most proprietary and valuable Confidential Information, and that he has unique insight into and knowledge of the skills, talents and capabilities of the Bank’s key employees. Employee further acknowledges and agrees that the covenants contained in Sections 8, 9 and 10 herein are reasonable and necessary to protect the legitimate business interests of the Bank, in view of, among other things, the short duration of the restrictions, the narrow scope of the restrictions, and the Bank’s interests in protecting its goodwill, valuable Confidential Information, trade secrets, and its business relationships with its suppliers, customers Customers and other individuals or entities necessary to the business of the Bank. Employee agrees that his background and capabilities will allow him to seek and accept employment acceptable to him without violation of the restrictions contained in this Agreement. Employee further acknowledges and agrees that his employment with the Bank and the compensation and benefits under this Agreement constitutes sufficient consideration for his agreement to the confidentiality, non-competition and non-solicitation restrictions set forth in this Agreement.

Necessary and Reasonable Restrictions. Employee acknowledges and agrees that as the Bank’s Senior Vice President and Chief Executive Credit Officer, he has knowledge of the Bank’s 's most proprietary and valuable Confidential Information, and that he has unique insight into and knowledge of the skills, talents and capabilities of the Bank’s 's key employees. Employee further acknowledges and agrees that the covenants contained in Sections 8, 9 and 10 are reasonable and necessary to protect the legitimate business interests of the Bank, in view of, among other things, the short duration of the restrictions, the narrow scope of the restrictions, and the Bank’s 's interests in protecting its goodwill, valuable Confidential Information, trade secrets, and its business relationships with its suppliers, customers and other individuals or entities necessary to the business of the Bank. Employee agrees that his background and capabilities will allow him to seek and accept employment acceptable to him without violation of the restrictions contained in this Agreement. Employee further acknowledges and agrees that his employment with the Bank and the compensation and benefits under this Agreement constitutes sufficient consideration for his agreement to the non-competition and non-solicitation restrictions set forth in this Agreement.