Common use of Non-Compete; Confidentiality Clause in Contracts

Non-Compete; Confidentiality. (a) The Consultant agrees that during the Consulting Period the Consultant will not, directly or indirectly, (i) become a director, officer, employee, principal, agent, consultant or independent contractor of any insured depository institution, trust company or parent holding company of any such institution or company (excluding the Company and the Bank) which has an office in the Commonwealth of Pennsylvania (a “Competing Business”), provided, however, that this provision shall not prohibit the Consultant from owning bonds, non-voting preferred stock or up to five percent (5%) of the outstanding common stock of any such entity if such common stock is publicly traded, (ii) solicit or induce, or cause others to solicit or induce, any employee of the Company or any of its subsidiaries to leave the services of such entities or (iii) solicit (whether by mail, telephone, personal meeting or any other means) any customer of the Company or any of its subsidiaries to transact business with any other entity, whether or not a Competing Business, or to reduce or refrain from doing any business with the Company or its subsidiaries, or interfere with or damage (or attempt to interfere with or damage) any relationship between the Company or its subsidiaries and any such customers.

Non-Compete; Confidentiality. (a) The Consultant Executive agrees that during the Consulting Period three-year period following consummation of the Consultant Merger the Executive will not, directly or indirectly, (i) become a director, officer, employee, principal, agent, consultant or independent contractor of any insured depository institution, trust company or parent holding company of any such institution or company (excluding the Company and the Bank) which has an office in the Commonwealth State of Pennsylvania Connecticut (a “"Competing Business”"), provided, however, that this provision shall not prohibit the Consultant Executive from owning bonds, non-voting preferred stock or up to five percent (5%) of the outstanding common stock of any such entity if such common stock is publicly traded, (ii) solicit or induce, or cause others to solicit or induce, any employee of the Company Banknorth or any of its subsidiaries to leave the services employment of such entities or (iii) solicit (whether by mail, telephone, personal meeting or any other means) any customer of the Company Banknorth or any of its subsidiaries to transact business with any other entity, whether or not a Competing Business, or to reduce or refrain from doing any business with the Company Banknorth or its subsidiaries, or interfere with or damage (or attempt to interfere with or damage) any relationship between the Company Banknorth or its subsidiaries and any such customers.

Non-Compete; Confidentiality. (a) The Consultant Executive agrees that during the Consulting Period one-year period2 following consummation of the Consultant Merger the Executive will not, directly or indirectly, (i) become a director, officer, employee, principal, agent, consultant or independent contractor of any insured depository institution, trust company or parent holding company of any such institution or company (excluding the Company and the Bank) which has an office in the Commonwealth State of Pennsylvania Connecticut (a “"Competing Business”"), provided, however, that this provision shall not prohibit the Consultant Executive from owning bonds, non-voting preferred stock or up to five percent (5%) of the outstanding common stock of any such entity if such common stock is publicly traded, (ii) solicit or induce, or cause others to solicit or induce, any employee of the Company Banknorth or any of its subsidiaries to leave the services employment of such entities or (iii) solicit (whether by mail, telephone, personal meeting or any other means) any customer of the Company Banknorth or any of its subsidiaries to transact business with any other entity, whether or not a Competing Business, or to reduce or refrain from doing any business with the Company Banknorth or its subsidiaries, or interfere with or damage (or attempt to interfere with or damage) any relationship between the Company Banknorth or its subsidiaries and any such customers.

Non-Compete; Confidentiality. (a) The Consultant Executive agrees that during the Consulting Period one-year period(2) following consummation of the Consultant Merger the Executive will not, directly or indirectly, (i) become a director, officer, employee, principal, agent, consultant or independent contractor of any insured depository institution, trust company or parent holding company of any such institution or company (excluding the Company and the Bank) which has an office in the Commonwealth State of Pennsylvania Connecticut (a “"Competing Business”"), provided, however, that this provision shall not prohibit the Consultant Executive from owning bonds, non-voting preferred stock or up to five percent (5%) of the outstanding common stock of any such entity if such common stock is publicly traded, (ii) solicit or induce, or cause others to solicit or induce, any employee of the Company Banknorth or any of its subsidiaries to leave the services employment of such entities or (iii) solicit (whether by mail, telephone, personal meeting or any other means) any customer of the Company Banknorth or any of its subsidiaries to transact business with any other entity, whether or not a Competing Business, or to reduce or refrain from doing any business with the Company Banknorth or its subsidiaries, or interfere with or damage (or attempt to interfere with or damage) any relationship between the Company Banknorth or its subsidiaries and any such customers.