Common use of Non-Competition and Non-Disparagement Clause in Contracts

Non-Competition and Non-Disparagement. (a) For the purposes of this Agreement, the term “Competitive Enterprise” shall mean any federal or state-chartered bank, trust company, savings and loan association, savings bank, credit union, consumer finance company, bank holding company, savings and loan holding company, unitary holding company, financial holding company or any of the foregoing types of entities in the process of organization or application for federal or state regulatory approval and shall also include other providers of financial services and entities that offer financial services or products that compete with the financial services and products currently or in the future offered by the Employers or their respective subsidiaries or affiliates. (b) For a period of two years (the “Restricted Period”) immediately following the Employers’ termination of the Executive’s employment under this Agreement for Cause or the Executive’s termination of his employment under this Agreement for other than Good Reason, the Executive shall not, provided that the Employers remain in compliance with their obligations under this Agreement: (i) serve as a director, officer, employee or agent of, or act as a consultant or advisor to, any Competitive Enterprise in any city or county in which the Employers or their respective subsidiaries or affiliates are then conducting business or maintain an office or have publicly announced their intention to conduct business or maintain an office; (ii) in any way, directly or indirectly, solicit, divert or contact any existing or potential customer or business of the Employers or any of their respective subsidiaries or affiliates that the Executive solicited, became aware of or transacted business with during the employment of the Executive by the Employers for the purpose of selling any financial services or products that compete with the financial services or products currently or in the future offered by the Employers or their respective subsidiaries and affiliates; or (iii) solicit or assist in the employment of any employee of the Employers or their respective subsidiaries or affiliates for the purpose of becoming an employee of or otherwise provide services for any Competitive Business Enterprise. (c) The Executive agrees that during or after the period of his employment by the Employers, in any way, directly or indirectly, make any oral or written statement, comment or other communication designed or intended to impugn, disparage or otherwise malign the reputation, ethics, competency, morality or qualification of the Employers or any of their respective subsidiaries or affiliates or any of their respective directors, officers, employees or customers.

Non-Competition and Non-Disparagement. (a) For the purposes of this Agreement, the term “Competitive Enterprise” shall mean any federal or state-chartered bank, trust company, savings and loan association, savings bank, credit union, consumer finance company, bank holding company, savings and loan holding company, unitary holding company, financial holding company or any of the foregoing types of entities in the process of organization or application for federal or state regulatory approval and shall also include other providers of financial services and entities that offer financial services or products that compete with the financial services and products currently or in the future offered by the Employers Companies or their respective subsidiaries or affiliates. (b) . For a period of two years (the “Restricted Period”) immediately following the EmployersCompanies’ termination of the ExecutiveConsultant’s employment under this Agreement for Cause or the ExecutiveConsultant’s termination of his employment engagement under this Agreement for other than Good Reason, the Executive Consultant shall not, provided that the Employers Companies remain in compliance with their obligations under this Agreement: (i) : serve as a director, officer, employee or agent of, or act as a consultant or advisor to, any Competitive Enterprise in any city or county in which the Employers Companies or their respective subsidiaries or affiliates are then conducting business or maintain an office or have publicly announced their intention to conduct business or maintain an office; (ii) ; in any way, directly or indirectly, solicit, divert or contact any existing or potential customer or business of the Employers Companies or any of their respective subsidiaries or affiliates that the Executive Consultant solicited, became aware of or transacted business with during the employment of the Executive Consultant by the Employers Companies for the purpose of selling any financial services or products that compete with the financial services or products currently or in the future offered by the Employers Companies or their respective subsidiaries and affiliates; or (iii) or solicit or assist in the employment of any employee of the Employers Companies or their respective subsidiaries or affiliates for the purpose of becoming an employee of or otherwise provide services for any Competitive Business Enterprise. (c) . The Executive Consultant agrees that during or and after the period of his employment by the Employers, Companies under this Agreement he will not in any way, directly or indirectly, make any oral or written statement, comment or other communication designed or intended to impugn, disparage or otherwise malign the reputation, ethics, competency, morality or qualification of the Employers Companies or any of their respective subsidiaries or affiliates or any of their respective directors, officers, employees or customers.

Non-Competition and Non-Disparagement. (a) For the purposes of this Agreement, the term “Competitive Enterprise” shall mean any federal or state-chartered bank, trust company, savings and loan association, savings bank, credit union, consumer finance company, bank holding company, savings and loan holding company, unitary holding company, financial holding company or any of the foregoing types of entities in the process of organization or application for federal or state regulatory approval and shall also include other providers of financial services and entities that offer financial services or products that compete with the financial services and products currently or in the future offered by the Employers Companies or their respective subsidiaries or affiliates. (b) For a period of two years (the “Restricted Period”) immediately following the EmployersCompanies’ termination of the ExecutiveConsultant’s employment under this Agreement for Cause or the ExecutiveConsultant’s termination of his employment retention under this Agreement for other than Good Reason, the Executive Consultant shall not, provided that the Employers Companies remain in compliance with their obligations under this Agreement: (i) serve as a director, officer, employee or agent of, or act as a consultant or advisor to, any Competitive Enterprise in any city or county in which the Employers Companies or their respective subsidiaries or affiliates are then conducting business or maintain an office or have publicly announced their intention to conduct business or maintain an office; (ii) in any way, directly or indirectly, solicit, divert or contact any existing or potential customer or business of the Employers Companies or any of their respective subsidiaries or affiliates that the Executive Consultant solicited, became aware of or transacted business with during the employment of the Executive Consultant by the Employers Companies for the purpose of selling any financial services or products that compete with the financial services or products currently or in the future offered by the Employers Companies or their respective subsidiaries and affiliates; or (iii) solicit or assist in the employment of any employee of the Employers Companies or their respective subsidiaries or affiliates for the purpose of becoming an employee of or otherwise provide services for any Competitive Business Enterprise. (c) The Executive Consultant agrees that during or and after the period of his employment by the Employers, Companies under this Agreement he will not in any way, directly or indirectly, make any oral or written statement, comment or other communication designed or intended to impugn, disparage or otherwise malign the reputation, ethics, competency, morality or qualification of the Employers Companies or any of their respective subsidiaries or affiliates or any of their respective directors, officers, employees or customers.

Non-Competition and Non-Disparagement. (a) For the purposes of this Agreement, the term “Competitive Enterprise” shall mean any federal or state-chartered bank, trust company, savings and loan association, savings bank, credit union, consumer finance company, bank holding company, savings and loan holding company, unitary holding company, financial holding company or any of the foregoing types of entities in the process of organization or application for federal or state regulatory approval and shall also include other providers of financial services and entities that offer financial services or products that compete with the financial services and products currently or in the future offered by the Employers Companies or their respective subsidiaries or affiliates. (b) For a period of two years (the “Restricted Period”) immediately following the EmployersCompanies’ termination of the ExecutiveConsultant’s employment under this Agreement for Cause or the ExecutiveConsultant’s termination of his employment engagement under this Agreement for other than Good Reason, the Executive Consultant shall not, provided that the Employers Companies remain in compliance with their obligations under this Agreement: (i) serve as a director, officer, employee or agent of, or act as a consultant or advisor to, any Competitive Enterprise in any city or county in which the Employers Companies or their respective subsidiaries or affiliates are then conducting business or maintain an office or have publicly announced their intention to conduct business or maintain an office; (ii) in any way, directly or indirectly, solicit, divert or contact any existing or potential customer or business of the Employers Companies or any of their respective subsidiaries or affiliates that the Executive Consultant solicited, became aware of or transacted business with during the employment of the Executive Consultant by the Employers Companies for the purpose of selling any financial services or products that compete with the financial services or products currently or in the future offered by the Employers Companies or their respective subsidiaries and affiliates; or (iii) solicit or assist in the employment of any employee of the Employers Companies or their respective subsidiaries or affiliates for the purpose of becoming an employee of or otherwise provide services for any Competitive Business Enterprise. (c) The Executive Consultant agrees that during or and after the period of his employment by the Employers, Companies under this Agreement he will not in any way, directly or indirectly, make any oral or written statement, comment or other communication designed or intended to impugn, disparage or otherwise malign the reputation, ethics, competency, morality or qualification of the Employers Companies or any of their respective subsidiaries or affiliates or any of their respective directors, officers, employees or customers.