NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the ----------------------------------- term of employment hereunder and for a period of one (1) year thereafter, directly or indirectly: (a) engage, anywhere in a county in which a branch office of the Bank is then located, in commercial banking; (b) 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; (c) 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; (d) solicit, or contact with a view to the engagement or employment by, any person or entity of any person who is an employee of the Bank or Fulton; (e) 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 (f) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Xxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Xxxxxx or any of their affiliates; provided, however, that nothing 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. For the purpose of the foregoing, Fulton shall be deemed to refer to Fulton and all of its present or future affiliates. Notwithstanding the foregoing, if Executive's employment is terminated by Bank without Cause or by Executive for Good Reason, the provisions of Section 5.2(a)-(c) and (e)-(f) shall cease, and be of no further force or effect, beginning with the date of termination of his employment without Cause or for Good Reason.
Appears in 1 contract
NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the ----------------------------------- term of employment hereunder and for a period of one (1) year thereafter, directly or indirectly:
(a) engage, anywhere in a county in which a branch office of the Bank is then located, in commercial banking;
(b) 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;
(c) 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;
(d) solicit, or contact with a view to the engagement or employment by, any person or entity of any person who is an employee of the Bank or Fulton;
(e) 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
(f) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Xxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Xxxxxx or any of their affiliates; provided, however, that nothing 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. For the purpose of the foregoing, Fulton shall be deemed to refer to Fulton and all of its present or future affiliates. Notwithstanding the foregoing, if Executive's employment is terminated by Bank without Cause or by Executive for Good Reason, the provisions of Section 5.2(a)-(c) and (e)-(f) shall cease, and be of no further force or effect, beginning with the date of termination of his employment without Cause or for Good Reason.
Appears in 1 contract
NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the ----------------------------------- term of employment hereunder and for a period of one (1) year thereafter, directly or indirectly:
(a) engage, anywhere in a county in which a branch office of the Bank is then located, in commercial banking;
(b) 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;
(c) seek in competition with the business of the Bank or Fulton Fxxxxx to procure orders from or do business with any customer of the Bank or FultonFxxxxx;
(d) solicit, or contact with a view to the engagement or employment by, any person or entity of any person who is an employee of the Bank or FultonFxxxxx;
(e) 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
(f) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Xxxxxx Fxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Xxxxxx Fxxxxx or any of their affiliates; provided, however, that nothing 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. For the purpose of the foregoing, Fulton Fxxxxx shall be deemed to refer to Fulton Fxxxxx and all of its present or future affiliates. Notwithstanding the foregoing, if Executive's employment is terminated by Bank without Cause or by Executive for Good Reason, the provisions of Section 5.2(a)-(c) and (e)-(f) shall cease, and be of no further force or effect, beginning with the date of termination of his employment without Cause or for Good Reason.
Appears in 1 contract
NON-COMPETITION AND NONSOLICITATION. Executive shall not, during the ----------------------------------- term of employment hereunder and for a period of one (1) year thereafter, directly or indirectly:
(a) engage, anywhere in a county in which a branch office of the Bank is then located, in commercial banking;
(b) 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;
(c) 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;
(d) solicit, or contact with a view to the engagement or employment by, any person or entity of any person who is an employee of the Bank or Fulton;
(e) 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
(f) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of the Bank, Xxxxxx Fxxxxx or any of their affiliates to take any action which might be disadvantageous to the Bank, Xxxxxx Fxxxxx or any of their affiliates; provided, however, that nothing 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. For the purpose of the foregoing, Fulton shall be deemed to refer to Fulton and all of its present or future affiliates. Notwithstanding the foregoing, if Executive's ’s employment is terminated by Bank without Cause or by Executive for Good Reason, the provisions of Section 5.2(a)-(c) and (e)-(f) shall cease, and be of no further force or effect, beginning with the date of termination of his employment without Cause or for Good Reason.
Appears in 1 contract
