Common use of Non-Diversion of Business Opportunity Clause in Contracts

Non-Diversion of Business Opportunity. During Executive’s employment with Employers and consistent with Executive’s duties and fiduciary obligations to Employers, Executive shall (i) disclose to Employers any business opportunity that comes to Executive’s attention during Executive’s employment with Employers and that relates to the business of Employers or otherwise arises as a result of Executive’s employment with Employers and (ii) not take advantage of or otherwise divert any such opportunity for Executive’s own benefit or that of any other person or entity without prior written consent of Employers.

Appears in 5 contracts

Samples: Employment Agreement (Atlantic Capital Bancshares, Inc.), Employment Agreement (Atlantic Capital Bancshares, Inc.), Employment Agreement (Atlantic Capital Bancshares, Inc.)

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Non-Diversion of Business Opportunity. During Executive’s employment with Employers the Company and consistent with Executive’s duties and fiduciary obligations to Employersthe Company, Executive shall (i) disclose to Employers the Company any business opportunity that comes to Executive’s attention during Executive’s employment with Employers the Company and that relates to the business of Employers the Company or otherwise arises as a result of Executive’s employment with Employers the Company and (ii) not take advantage of or otherwise divert any such opportunity for Executive’s own benefit or that of any other person or entity without prior written consent of Employersthe Company.

Appears in 5 contracts

Samples: Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.)

Non-Diversion of Business Opportunity. During Executive’s 's employment with Employers and consistent with Executive’s 's duties and fiduciary obligations to Employers, Executive shall (i) disclose to Employers any business opportunity that comes to Executive’s 's attention during Executive’s 's employment with Employers and that relates to the business of Employers the Bank or otherwise arises as a result of Executive’s 's employment with Employers and (ii) not take advantage of or otherwise divert any such opportunity for Executive’s 's own benefit or that of any other person or entity without prior written consent of Employers.

Appears in 4 contracts

Samples: Employment Agreement (GBC Bancorp Inc), Employment Agreement (GBC Bancorp Inc), Employment Agreement (GBC Bancorp Inc)

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Non-Diversion of Business Opportunity. During Executive’s 's employment with Employers Employer and consistent with Executive’s 's duties and fiduciary obligations to EmployersEmployer, Executive shall (i) disclose to Employers Employer any business opportunity that comes to Executive’s 's attention during Executive’s 's employment with Employers Employer and that relates to the business of Employers Employer or otherwise arises as a result of Executive’s 's employment with Employers Employer and (ii) not take advantage of or otherwise divert any such opportunity for Executive’s 's own benefit or that of any other person or entity without prior written consent of EmployersEmployer.

Appears in 2 contracts

Samples: Employment Agreement (GBC Bancorp Inc), Employment Agreement (GBC Bancorp Inc)

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