Common use of Non-Competition Obligations Clause in Contracts

Non-Competition Obligations. In consideration of the covenants of the Employer contained herein, the Executive covenants and agrees with the Employer that, during the "Non-Compete Period" (as hereinafter defined) and within a one hundred fifty (150) "air" mile radius from Bar Harbor, Maine, the Executive shall not without specific approval, directly or indirectly: (i) advise any past, present, or future customers of the Employer to withdraw, curtail, or cancel his or her or its business with the Employer; or (ii) cause, suggest, or induce others to call on any past, present, or future customers of the Employer. The "Non-Compete Period" shall commence on the date hereof and terminate one year after the cessation of the Executive’s employment with the Employer and all of its affiliates, regardless of reason, whether or not pursuant to this Agreement.

Appears in 13 contracts

Samples: Change in Control, Confidentiality, and Noncompetition Agreement (Bar Harbor Bankshares), Change in Control, Confidentiality, and Noncompetition Agreement (Bar Harbor Bankshares), Change in Control, Confidentiality, and Noncompetition Agreement (Bar Harbor Bankshares)

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Non-Competition Obligations. In consideration of the covenants of the Employer contained herein, the Executive covenants and agrees with the Employer that, during the "Non-Compete Period" (as hereinafter defined) and within a one hundred fifty (150) "air" mile radius from Bar Harbor, Maine, the Executive shall not without specific approval, directly or indirectly: (i) advise any past, present, or future customers of the Employer to withdraw, curtail, or cancel his or her or its business with the Employer; or (ii) cause, suggest, or induce others to call on any past, present, or future customers of the Employer. The "Non-Compete Period" shall commence on the date hereof and terminate one year after the cessation of the Executive’s employment with the Employer and all of its affiliates, regardless of reason, whether or not pursuant to this Agreement.

Appears in 1 contract

Samples: Change in Control, Confidentiality, and Noncompetition Agreement

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