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

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

Appears in 2 contracts

Samples: Stock Option Agreement (Atlantic Capital Bancshares, Inc.), Restricted Stock Award Agreement (Atlantic Capital Bancshares, Inc.)

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

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Atlantic Capital Bancshares, Inc.)

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

Appears in 1 contract

Samples: Stock Option Agreement (Atlantic Capital Bancshares, Inc.)

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