Common use of Non-Compete Restriction Clause in Contracts

Non-Compete Restriction. In consideration of Executive’s position with the Corporation and the compensation, benefits and access to Confidential Information provided, Executive agrees that during the Restricted Period, Executive shall not invest in, loan money to, accept employment with, or provide services to or on behalf 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, the Bank and/or any Affiliate during Executive’s last eighteen (18) months of employment with the Corporation, the Bank and/or Affiliates or (ii) Executive is or will be providing consulting, advisory or contract services (whether as a director, officer, independent contractor, consultant, 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.

Non-Compete Restriction. In consideration of Executive’s position with the Corporation and the compensation, benefits and access to Confidential Information provided, Executive agrees that during the Restricted Period, Executive shall not invest in, loan money to, accept employment with, or provide services to or on behalf 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, the Bank and/or any Affiliate during Executive’s last eighteen (18) months of employment with the Corporation, the Bank and/or Affiliates Affiliate, or (ii) Executive is or will be providing consulting, advisory or contract services (whether as a director, officer, independent contractor, consultant, 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.