Common use of Non-Piracy Clause in Contracts

Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other valuable consideration, Executive agrees that for a period of twelve (12) months after Executive’s employment ceases for any reason, Executive will not, directly or indirectly, solicit, divert from Employer or transact business with any “Customer” of Employer with whom Executive had “Material Contact” during the last twelve (12) months of Executive’s employment or about whom Executive obtained information not known generally to the public while acting within the scope of Executive’s employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer during the last twelve (12) months of Executive’s employment. “Customer” means any person or entity with whom Employer had a depository or other contractual relationship, pursuant to which Employer provided products or services during the last twelve (12) months of Executive’s employment.

Appears in 7 contracts

Samples: Employment Agreement (John Marshall Bancorp, Inc.), Employment Agreement (John Marshall Bancorp, Inc.), Employment Agreement (John Marshall Bancorp, Inc.)

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Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, in this Agreement and other valuable consideration, Executive Employee agrees that for a period of twelve (12) months after ExecutiveEmployee’s employment ceases for any reason, Executive Employee will not, directly or indirectly, solicit, divert from Employer the Bank or transact business with any “Customer” of Employer the Bank with whom Executive Employee had “Material Contact” during the last twelve (12) months of ExecutiveEmployee’s employment or about whom Executive Employee obtained non-public information not known generally to the public while acting within the scope of ExecutiveEmployee’s employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer the Bank at the time ExecutiveEmployee’s employment ceases. “Material Contact” means that Executive Employee personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer during the last twelve (12) months of Executive’s employmentBank. “Customer” means any person or entity with whom Employer the Bank had a depository or other contractual relationship, pursuant to which Employer the Bank provided products or services during the last twelve (12) months of ExecutiveEmployee’s employment.

Appears in 2 contracts

Samples: Control Severance Agreement (Carter Bankshares, Inc.), Control Severance Agreement (Carter Bankshares, Inc.)

Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other valuable consideration, Executive agrees that for a period of twelve six (126) months after Executive’s employment ceases for any reason, Executive will not, directly or indirectly, solicit, divert from Employer or transact business with any “Customer” of Employer with whom Executive had “Material Contact” during the last twelve (12) months of Executive’s employment or about whom Executive obtained information not known generally to the public while acting within the scope of Executive’s employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer during the last twelve (12) months of Executive’s employment. “Customer” means any person or entity with whom Employer had a depository or other contractual relationship, pursuant to which Employer provided products or services during the last twelve (12) months of Executive’s employment.

Appears in 1 contract

Samples: Employment Agreement (John Marshall Bancorp, Inc.)

Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other valuable consideration, Executive agrees that for a period of twelve eighteen (1218) months after Executive’s employment ceases for any reason, Executive will not, directly or indirectly, solicit, divert from Employer Bank or transact business with any “Customer” of Employer Bank with whom Executive had “Material Contact” during the last twelve (12) months of Executive’s employment or about whom Executive obtained information not known generally to the public while acting within the scope of Executive’s employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer Bank at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer Bank during the last twelve (12) months of Executive’s employment. “Customer” means any person or entity with whom Employer Bank had a depository or other contractual relationship, pursuant to which Employer Bank provided products or services during the last twelve (12) months of Executive’s employment.

Appears in 1 contract

Samples: Employment Agreement (Carter Bankshares, Inc.)

Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other valuable consideration, Executive agrees that for a period of twelve (12) months after Executive’s employment ceases for any reason, Executive will not, directly or indirectly, solicit, divert from Employer Bank or transact business with any “Customer” of Employer Bank with whom Executive had “Material Contact” during the last twelve (12) months of Executive’s employment or about whom Executive obtained information not known generally to the public while acting within the scope of Executive’s her employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer Bank at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer Bank during the last twelve (12) months of Executive’s employment. “Customer” means any person or entity with whom Employer Bank had a depository or other contractual relationship, pursuant to which Employer Bank provided products or services during the last twelve (12) months of Executive’s employment.

Appears in 1 contract

Samples: Employment Agreement (Carter Bankshares, Inc.)

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Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other valuable consideration, Executive agrees that for a period of twelve (12) months after Executive’s employment ceases for any reason, Executive will not, directly or indirectly, solicit, divert from Employer Bank or transact business with any “Customer” of Employer Bank with whom Executive had “Material Contact” during the last twelve (12) months of Executive’s employment or about whom Executive obtained information not known generally to the public while acting within the scope of Executive’s his employment during the last twelve (12) months of employment, employment if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer Bank at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer Bank during the last twelve (12) months of Executive’s employment. “Customer” means any person or entity with whom Employer Bank had a depository or other contractual relationship, pursuant to which Employer Bank provided products or services during the last twelve (12) months of Executive’s employment.

Appears in 1 contract

Samples: Employment Agreement (Carter Bankshares, Inc.)

Non-Piracy. In consideration for Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other valuable consideration, Executive agrees that for a period of twelve (12) months after Executive’s employment ceases for any reason, Executive will not, directly or indirectly, solicit, divert from Employer Bank or transact business with any “Customer” of Employer Bank with whom Executive had “Material Contact” during the last twelve (12) months of Executive’s employment or about whom Executive obtained information not known generally to the public while acting within the scope of Executive’s his employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered by Employer Bank at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products or services of Employer Bank during the last twelve (12) months of Executive’s employment. “Customer” means any person or entity with whom Employer Bank had a depository or other contractual relationship, pursuant to which Employer Bank provided products or services during the last twelve (12) months of Executive’s employment.

Appears in 1 contract

Samples: Employment Agreement (Carter Bankshares, Inc.)

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