Common use of Non-Compete Restriction Clause in Contracts

Non-Compete Restriction. At all times during employment and for the twenty-four (24) month period that immediately follows the Date of Termination, or such time period as the Corporation is obligated to pay severance benefits under this Agreement to Executive (whichever is longer), Executive shall not accept employment with or provide services to or on behalf of any Competing Financial Services Organization if (i) the position held or the services to be performed by Executive involve the same or substantially similar duties and responsibilities as those performed by Executive on behalf of the Corporation during Executive’s last eighteen (18) months of employment with the Corporation, or (ii) Executive is providing consulting, advisory or contract services (whether as a director, officer, independent contractor, member, owner or shareholder) related to the design, development, marketing or delivery of Competitive Services or Products that are intended to be directly competitive with offerings by the Corporation, the Bank or their Affiliates.