Common use of NON-COMPETITION AND NONSOLICITATION Clause in Contracts

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of Xxxxxx; (b) seek, in competition with the business of Xxxxxx, to procure orders from or do business with any customer of Xxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of Xxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to Xxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx to take any action which might be disadvantageous to Xxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s employment is terminated by the Executive for Good Reason or by Xxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx shall be deemed to refer to Xxxxxx and all of its present or future affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

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NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFultxx, to xx procure orders from or do business with any customer of Xxxxxxxx Xxxton; (c) solicit or contact any person who is an employee of employxx xx the Xxxxxx Fulton with a view to the engagement or employment of such person by a persox xx x third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFulton) any person or entity who has been contracted with or engaged to engxxxx xo provide goods or services to XxxxxxFulton; or (e) engage in or participate in any effort or act xx xxt to induce any of the customers, associates, consultants, or employees of Xxxxxx Fulton to take any action which might be disadvantageous to XxxxxxFultxx; providedxrovided, however, (i) that nothing herein shall prohibit the Executive thx Xxxxutive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fulton other than for Cause, the covenants in this Section 5.2 shall not applyxxx xxply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fulton shall be deemed to refer to Xxxxxx Fulton and all of its present or future fxxxxx affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one two (12) year years thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of Xxxxxx; (b) seek, in competition with the business of Xxxxxx, to procure orders from or do business with any customer of Xxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of Xxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to Xxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx to take any action which might be disadvantageous to Xxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx shall be deemed to refer to Xxxxxx and all of its present or future affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one two (12) year years thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFultxx, to xx procure orders from or do business with any customer of Xxxxxxxx Xxxton; (c) solicit or contact any person who is an employee of employxx xx the Xxxxxx Fulton with a view to the engagement or employment of such person by a persox xx x third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFulton) any person or entity who has been contracted with or engaged to engxxxx xo provide goods or services to XxxxxxFulton; or (e) engage in or participate in any effort or act xx xxt to induce any of the customers, associates, consultants, or employees of Xxxxxx Fulton to take any action which might be disadvantageous to XxxxxxFultxx; providedxrovided, however, (i) that nothing herein shall prohibit the Executive thx Xxxxutive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fulton other than for Cause, the covenants in this Section 5.2 shall not applyxxx xxply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fulton shall be deemed to refer to Xxxxxx Fulton and all of its present or future fxxxxx affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one two (12) year years thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFxxxxx; (b) seek, in competition with the business of XxxxxxFxxxxx, to procure orders from or do business with any customer of XxxxxxFxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx Fxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fxxxxx to take any action which might be disadvantageous to XxxxxxFxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fxxxxx shall be deemed to refer to Xxxxxx Fxxxxx and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFxxxxx; (b) seek, in competition with the business of XxxxxxFxxxxx, to procure orders from or do business with any customer of XxxxxxFxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx Fxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fxxxxx to take any action which might be disadvantageous to XxxxxxFxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fxxxxx shall be deemed to refer to Xxxxxx Fxxxxx and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFulton, to procure orders from or do business with any customer of XxxxxxFxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx Fxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFulton) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFulton; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fulton to take any action which might be disadvantageous to XxxxxxFulton; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fulton other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fulton shall be deemed to refer to Xxxxxx Fulton and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFulton, to procure orders from or do business with any customer of XxxxxxFulton; (c) solicit or contact any person who is an employee of the Xxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFulton) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFulton; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fulton to take any action which might be disadvantageous to XxxxxxFulton; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fulton other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fulton shall be deemed to refer to Xxxxxx Fulton and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

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NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFulton, to procure orders from or do business with any customer of XxxxxxFulton; (c) solicit or contact any person who is an employee of the Xxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFulton) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFulton; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fulton to take any action which might be disadvantageous to XxxxxxFulton; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s employment is terminated by the Executive for Good Reason or by Xxxxxx Fulton other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fulton shall be deemed to refer to Xxxxxx Fulton and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFulton, to procure orders from or do business with any customer of XxxxxxFxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx Fxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fxxxxx to take any action which might be disadvantageous to XxxxxxFxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fxxxxx shall be deemed to refer to Xxxxxx Fxxxxx and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of Xxxxxx; (b) seek, in competition with the business of Xxxxxx, to procure orders from or do business with any customer of Xxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of Xxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to Xxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx to take any action which might be disadvantageous to Xxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx shall be deemed to refer to Xxxxxx and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of XxxxxxFulton; (b) seek, in competition with the business of XxxxxxFulton, to procure orders from or do business with any customer of XxxxxxFulton; (c) solicit or contact any person who is an employee of employxx xx the Xxxxxx Fulton with a view to the engagement or employment of such person by a persox xx x third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of XxxxxxFulton) any person or entity who has been contracted with or engaged to provide goods or services to XxxxxxFulton; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx Fulton to take any action which might be disadvantageous to XxxxxxFulton; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx Fulton other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx Fulton shall be deemed to refer to Xxxxxx Fulton and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of one _______ (1__) year years thereafter, directly or indirectly: (a) be or become an officer, director or employee or agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in commercial banking, or so engaged, anywhere within the geographic market of Xxxxxx; (b) seek, in competition with the business of Xxxxxx, to procure orders from or do business with any customer of Xxxxxx; (c) solicit or contact any person who is an employee of the Xxxxxx with a view to the engagement or employment of such person by a third party; (d) seek to contract with or engage (in such a way as to adversely affect or interfere with the business of Xxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to Xxxxxx; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of Xxxxxx to take any action which might be disadvantageous to Xxxxxx; provided, however, (i) that nothing herein shall prohibit the Executive and Executive’s 's affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged and (ii) in the event the Executive’s 's employment is terminated by the Executive for Good Reason or by Xxxxxx other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Xxxxxx shall be deemed to refer to Xxxxxx and all of its present or future affiliates.

Appears in 1 contract

Samples: Employment Agreement (Fulton Financial Corp)

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