Common use of Non-Compete Clause Clause in Contracts

Non-Compete Clause. The Executive expressly agrees that, as consideration for the agreements of the Bank contained herein and as a condition to the performance by the Bank of its obligations hereunder, throughout the entire period beginning at the time of termination of employment until the final payment is made to Executive, as provided herein, he will not, without the prior written consent of the Board, engage in, become interested, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a 5% or greater shareholder in a corporation, nor become associated with, in the capacity of an employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area of the business of the Bank which may be deemed to be competitive with any business earned on by the Bank as of the date of the termination of the Executive’s employment or his retirement.

Non-Compete Clause. The Executive expressly agrees that, as consideration for the agreements of the Bank contained herein and as a condition to the performance by the Bank of its obligations hereunder, throughout the entire period beginning at with the time date of termination of employment this Agreement and continuing until the final payment is made to Executive, as provided herein, he will not, without the prior written consent of the BoardBank, engage in, become interested, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a 5% or greater substantial shareholder in a corporation, nor become associated with, in the capacity of an employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area of the business of the Bank which may be deemed to be competitive with any business earned carried on by the Bank as of the date of the termination of the Executive’s 's employment or his retirement.

Non-Compete Clause. The Executive expressly agrees that, as consideration for the agreements of the Bank contained herein and as a condition to the performance by the Bank of its obligations hereunder, throughout the entire period beginning at with the time date of termination of employment this Agreement and continuing until the final payment is made to Executive, as provided herein, he she will not, without the prior written consent of the BoardBank, engage in, become interested, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a 5% or greater substantial shareholder in a corporation, nor become associated with, in the capacity of an employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area of the business of the Bank which may be deemed to be competitive with any business earned carried on by the Bank as of the date of the termination of the Executive’s 's employment or his her retirement.