Non-Competition Following Employment. Executive covenants and agrees that, for a period of eighteen (18)months following the separation of Executive’s employment with the Company, regardless of the reason for separation, Executive shall not, within the Territory and on behalf of a Competing Business, either directly or indirectly (whether through affiliates, subsidiaries or otherwise), perform any duties that are the same or similar to those that he performed for the Company within two (2) years prior to the separation of Executive’s employment. Executive further covenants and agrees that, for a period of eighteen (18)months following the separation of Executive’s employment with the Company, he shall not, either directly or indirectly (whether through affiliates, subsidiaries or otherwise), perform any duties that are the same or similar to those that he performed for the Company within two (2) years prior to the separation of Executive’s employment on behalf of the entities engaged in a Competing Business. Notwithstanding the foregoing, nothing contained in this Subsection (c) shall be deemed or interpreted to prevent Executive from accepting a position with an employer that is engaged in business that includes, but is not limited to, a Competing Business so long as Executive’s duties, responsibilities and/or activities for such employer during the time period specified herein do not include, directly or indirectly, duties, responsibilities or activities involving the Competing Business portion of such employer’s business.
Non-Competition Following Employment. (a) Executive Agrees Not to Compete The Executive expressly agrees that, as consideration for the covenants of the Bank contained herein and as a condition to the performance by the Bank of its obligations hereunder, from and after any voluntary or involuntary termination of service, other than a termination of service related to a Change in Control, and continuing throughout the Payout Period or, with respect to Section 8.3 (c), for three years following termination of employment, he will not without the prior written consent of the Bank, engage in, become interested, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, nor become associated with, in the capacity of an employee, director, officer, principal agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area of business of the Bank (specifically, in New Jersey or New York) which enterprise is, or may be deemed to be, competitive with any business carried on by the Bank as of the date of the termination of the Executive's employment or his retirement.
Non-Competition Following Employment. Executive further understands and agrees that, following Executive's termination of employment, the Bank's obligation, if any, to make payments to the Executive from the Accrued Benefit Account shall be conditioned on the Executive's forbearance from actively engaging, either directly or indirectly in any business or other activity which is, or may be deemed to be, in any way competitive with or adverse to the best interests of the Bank, unless the Executive has the prior written consent of the Bank. In the event of the Executive's breach of the covenants and agreements contained herein, further payments to the Executive from the Accrued Benefit Account, if any, shall cease and Executive's rights to amounts credited to the Accrued Benefit Account shall be forfeited.
Non-Competition Following Employment. Executive further understands and agrees that, following Executive’s termination of employment, other than following a Change in Control, and continuing for a period of twelve (12) months thereafter, the Executive shall not, without the prior written consent of the Bank, engage in the financial institutions’ business as a director, officer, employee or consultant for, or acquiring or maintaining more than a 1% passive investment in, any business or enterprise which competes with the principal business of the Bank or any of its subsidiaries which has one or more offices or branches located within a thirty-five (35) mile radius of the principal business location of the Bank’s corporate offices. In the event of the Executive’s breach of the covenants and agreements contained herein, the Bank’s obligation, if any, to make payments to the Executive from the Accrued Benefit Account shall cease and the Executive’s right to amounts credited to the Accrued Benefit Account shall be forfeited.
Non-Competition Following Employment. (a) Executive Agrees Not to Compete The Executive expressly agrees that, as consideration for the covenants of the Bank contained herein and as a condition to the performance by the Bank of its obligations hereunder, from and after any voluntary or involuntary termination of service, other than a termination of service related to a Change in Control, and continuing throughout the Payout Period or, with respect to Section 8.3 (c), for two years following termination of employment, he will not without the prior written consent of the Bank, serve as an officer or director or employee of any bank holding company, bank, savings association or mortgage company with its principal office in Bergen County, New Jersey, and which offers products or services in Bergen County competing with those offered by the Holding Company or the Bank.
Non-Competition Following Employment. Executive further understands and agrees that, following Executive’s termination of employment, other than following a Change in Control, the Executive shall not engage in the financial institutions’ business as a director, officer, employee or consultant for any business or enterprise which competes with the principal business of the Bank or any of its subsidiaries within Dearborn County, Indiana or within thirty (30) miles of the principal business location of the Bank. In the event of the Executive’s breach of the covenants and agreements contained herein, the Bank’s obligation, if any, to make payments to the Executive from the Accrued Benefit Account shall cease and the Executive’s right to amounts credited to the Accrued Benefit Account shall be forfeited.
Non-Competition Following Employment. Executive further understands and agrees that, following Executive's termination of employment, except in the event of a Change In Control, the Association's obligation, if any, to make payments to the Executive under this Agreement shall be conditioned on the Executive's forbearance from actively engaging, either directly or indirectly, in any business or other activity during the course of the Payout Period which is, or may be deemed to be, in any way competitive with or adverse to the best interests of the Association, unless the Executive has the prior written consent of the Association. In the event of the Executive's breach of the covenants and agreements contained herein, further payments to the Executive shall cease and be forfeited.
Non-Competition Following Employment. Executive agrees that, for a period of two (2) years after the date he ceases to be employed by the Company, for whatever reason, Executive will not, either directly or indirectly, either as a principal, agent, employee, contractor, partner, member or shareholder (other than as an owner of 2% or less of stock) or in any other capacity, perform work or services for, or become affiliated with, any ambulance services provider whose primary service area overlaps with the Primary Service Area of the Company or its subsidiaries or affiliates. “Primary Service Area” means any county in which the Company or any subsidiary or affiliate thereof provides ambulance services and any county contiguous thereto; provided, that such term shall not include any county in which the Company or any subsidiary or affiliate thereof first provides ambulance services after the date of termination of this Agreement.
Non-Competition Following Employment. For a period of one year following the termination of Executive’s employment for any reason, Executive will not, in any geographic region for which Executive had direct or indirect responsibility on behalf of the Company or in any geographic region for which Executive had Confidential Information, perform duties or services for a Direct Competitor, whether as an employee, consultant, principal, advisor, board member or any other capacity, that are substantially similar to the duties or services Executive performed for the Company at any time during the last twenty-four months of Executive’s employment with the Company. “Direct Competitor” means any person, entity, or other business concern that offers or plans to offer products or services that are materially competitive with the Business.
Non-Competition Following Employment. Executive further understands and agrees that, following Executive’s termination of employment, the Bank’s obligation, if any, to make payments to the Executive under this Agreement shall be conditioned on the Executive’s forbearance from actively engaging, either directly or indirectly, in any business or other activity which is, or may be deemed to be, in any way competitive with or adverse to the best interests of the Bank, unless the Executive has the prior written consent of the Bank. In the event of the Executive’s breach of the covenants and agreements contained herein, further payments to the Executive shall cease and be forfeited.
