Common use of Non-Piracy of Employees Clause in Contracts

Non-Piracy of Employees. During Executive’s employment and for a period of twelve (12) months following any termination pursuant to Agreement paragraphs 7(a), (b), (c), (d), or (g), Executive covenants and agrees that Executive shall not, directly or indirectly: (i) solicit, recruit, or hire (or attempt to solicit, recruit, or hire) or otherwise assist anyone in soliciting, recruiting, or hiring, any employee or independent contractor (which shall not include non-exclusive outside vendors) of the Company, the Bank Holding Company and the Bank, or any affiliate of such entities who performed work for the Company, the Bank Holding Company or the Bank, or any such affiliate within the last six (6) months of Executive’s employment with the Company or any such affiliate or who was otherwise engaged or employed with the Company at the time of said termination of employment of Executive or (ii) otherwise encourage, solicit, or support any such employees or independent contractors to leave their employment or engagement with the Company, the Bank Holding Company or the Bank, or any such affiliate, in either case until such employee or contractor has been terminated or separated from the Company, the Bank Holding Company or the Bank, or any such affiliate for at least twelve (12) months.

Appears in 5 contracts

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

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Non-Piracy of Employees. During Executive’s employment and for a period of twelve (12) months following any termination pursuant to Agreement paragraphs 7(a), (b), (c), (d), or (g), Executive covenants and agrees that Executive shall not, directly or indirectly: (i) solicit, recruit, or hire (or attempt to solicit, recruit, or hire) or otherwise assist anyone in soliciting, recruiting, or hiring, any employee or independent contractor (which shall not include non-exclusive outside vendors) of the Company, the Bank Holding Company and the Bank, or any affiliate of such entities who performed work for the Company, the Bank Holding Company or any other affiliate of the Bank who performed work for the Bank, the Bank Holding Company or any such affiliate within the last six (6) months of Executive’s employment with the Company Bank or any such affiliate or who was otherwise engaged or employed with the Company Bank at the time of said termination of employment of Executive or (ii) otherwise encourage, solicit, or support any such employees or independent contractors to leave their employment or engagement with the CompanyBank, the Bank Holding Company or the Bank, or any such affiliate, in either case until such employee or contractor has been terminated or separated from the CompanyBank, the Bank Holding Company or the Bank, or any such affiliate for at least twelve (12) months.

Appears in 2 contracts

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

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