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 three (3) 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, in each case, within 50 miles of Hxxxxx County, Maryland, any person or entity considering engaging in commercial banking or so engaged; (b) seek, in competition with the business of the Bank or Fulton, to procure orders from or do business with any customer of the Bank or Fulton; (c) solicit or contact any person who is an employee of the Bank or Fulton 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 the Bank or Fulton) any person or entity who has been contracted with or engaged to provide goods or services to the Bank; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Fxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Fxxxxx or any of their affiliates; provided, however, that nothing (i) herein shall prohibit the Executive and his 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 the Bank other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Fulton shall be deemed to refer to Fulton and all of its present or future affiliates.

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of three (3) 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, in each case, within 50 miles of Hxxxxx Xxxxxx County, Maryland, any person or entity considering engaging in commercial banking or so engaged; (b) seek, in competition with the business of the Bank or FultonXxxxxx, to procure orders from or do business with any customer of the Bank or FultonXxxxxx; (c) solicit or contact any person who is an employee of the Bank or Fulton 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 the Bank or FultonXxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to the Bank; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Fxxxxx Xxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Fxxxxx Xxxxxx or any of their affiliates; provided, however, that nothing (i) herein shall prohibit the Executive and his 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 the Bank other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Fulton Xxxxxx shall be deemed to refer to Fulton Xxxxxx and all of its present or future affiliates.

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of three (3) 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, in each case, within 50 miles of Hxxxxx County, Maryland, any person or entity considering engaging in commercial banking or so engaged; (b) seek, in competition with the business of the Bank or FultonFxxxxx, to procure orders from or do business with any customer of the Bank or FultonFxxxxx; (c) solicit or contact any person who is an employee of the Bank or Fulton 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 the Bank or FultonFxxxxx) any person or entity who has been contracted with or engaged to provide goods or services to the Bank; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Fxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Fxxxxx or any of their affiliates; provided, however, that nothing (i) herein shall prohibit the Executive and his 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 the Bank other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Fulton Fxxxxx shall be deemed to refer to Fulton Fxxxxx and all of its present or future affiliates.

NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the Employment Period and for a period of three (3) 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, in each case, within 50 miles of Hxxxxx Xxxxxx County, Maryland, any person or entity considering engaging in commercial banking or so engaged; (b) seek, in competition with the business of the Bank or Fulton, to procure orders from or do business with any customer of the Bank or Fulton; (c) solicit or contact any person who is an employee of the Bank or Fulton 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 the Bank or Fulton) any person or entity who has been contracted with or engaged to provide goods or services to the Bank; or (e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Fxxxxx Xxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Fxxxxx Xxxxxx or any of their affiliates; provided, however, that nothing (i) herein shall prohibit the Executive and his 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 the Bank other than for Cause, the covenants in this Section 5.2 shall not apply. For the purpose of Sections 5.1 and 5.2, Fulton shall be deemed to refer to Fulton and all of its present or future affiliates.