Common use of Non-Compete Obligation Clause in Contracts

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the Employment Term, Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm or organization engaged in the business of banking (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates, within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment Term. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment Term. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more than 5% of any class of securities of any corporation which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the initial Employment TermTerm (i.e., through _________, 2005) Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, or owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm line of business that the Company or organization engaged in the business of banking Bank is involved (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, and consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates), within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company, whichever is longer. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company, whichever is longer. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more from owning less than five percent (5% %) of any class of securities of any corporation located in Maryland, Pennsylvania or New Jersey which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and any extension thereof and for a any period of two years during which Executive's compensation is continued after the end of the Employment Termtermination, Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm or organization engaged in the business of banking (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, insurance, asset and investment management and fiduciary services, cash management services, consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates, within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment Term. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment Term. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more than 5% of any class of securities of any corporation which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the Employment Term, Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm or organization engaged in the business of banking (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates, affiliates within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment Term. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment Term. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more than five percent (5% %) of any class of securities of any corporation which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the initial Employment TermTerm (i.e., through _________, 2005) Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, or owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm line of business that the Company or organization engaged in the business of banking Bank is involved (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, and consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates), within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company or is a director of the Company, whichever is longer. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company or is a director of the Company, whichever is longer. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more from owning less than five percent (5% %) of any class of securities of any corporation located in Maryland, Pennsylvania or New Jersey which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and any extension thereof and for a any period of two years during which Executive's compensation is continued after the end of the Employment Termtermination, Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm or organization engaged in the business of banking (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates, within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment Term. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment Term. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more than 5% of any class of securities of any corporation which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the initial Employment TermTerm or earlier termination date, Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, or owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm line of business that the Company or organization engaged in the business of banking Bank is involved (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, and consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates), within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company, whichever is longer. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company, whichever is longer. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more from owning less than five percent (5% %) of any class of securities of any corporation located in Maryland, Pennsylvania or New Jersey which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.

Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the initial Employment TermTerm (i.e., through October 6, 2005) Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, or owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm line of business that the Company or organization engaged in the business of banking Bank is involved (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, and consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates), within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company or is a director of the Company, whichever is longer. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment TermTerm or for any period that Executive provides consulting services to the Company or is a director of the Company, whichever is longer. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more from owning less than five percent (5% %) of any class of securities of any corporation located in Maryland, Pennsylvania or New Jersey which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.