Common use of Non-Piracy Clause in Contracts

Non-Piracy. In exchange for the benefits promised in this Agreement and other valuable consideration, the Executive agrees that for a period of twelve (12) months after the Executive’s employment ceases for any reason, including the expiration or non-renewal of this Agreement at the end of the Initial Term or any Renewal Term, the Executive will not, directly or indirectly, solicit, divert from the Bank or transact business with any “Customer” of the Bank with whom the Executive had “Material Contact” during the last twelve (12) months of the Executive’s employment or about whom the Executive obtained information not known generally to the public while acting within the scope of his employment during the last twenty-four (24) 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 those offered by the Bank at the time the Executive’s employment ceases. “Material Contact” means that the 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 the Bank. “Customer” means any person or entity with whom the Bank had a depository or other contractual relationship, pursuant to which the Bank provided products or services within twenty-four (24) months prior to the cessation of the Executive’s employment.

Non-Piracy. In exchange for the benefits promised in this Agreement and other valuable consideration, the Executive agrees that for a period of twelve (12) months after the Executive’s employment ceases for any reason, including the expiration or non-renewal of this Agreement at the end of the Initial Term or any Renewal Term, the Executive will not, directly or indirectly, solicit, divert from the Bank Company or transact business with any “Customer” of the Bank Company with whom the Executive had “Material Contact” during the last twelve (12) months of the Executive’s employment or about whom the Executive obtained information not known generally to the public while acting within the scope of his employment during the last twenty-four (24) 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 those offered by the Bank Company at the time the Executive’s employment ceases. “Material Contact” means that the 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 the BankCompany. “Customer” means any person or entity with whom the Bank Company had a depository or other contractual relationship, pursuant to which the Bank Company provided products or services within twenty-four (24) months prior to the cessation of the Executive’s employment.

Non-Piracy. In exchange for the benefits promised in this Agreement and other valuable consideration, the Executive agrees that for a period of twelve twenty-four (1224) months after the Executive’s employment ceases for any reason, including the expiration or non-renewal nonrenewal of this Agreement at the end of the Initial Term initial term or any Renewal Termrenewal term, the Executive will not, directly or indirectly, solicit, divert from the Bank MTC or transact business with any “CustomerCustomers” of the Bank MTC with whom the Executive had “Material Contact” during the last twelve twenty-four (1224) months of the Executive’s employment or about whom the Executive obtained information not known generally to the public while acting within the scope of his employment during the last twenty-four twelve (2412) 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 those offered by the Bank MTC at the time the Executive’s employment ceases. “Material Contact” means that the 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 MTC during the Banklast twenty-four months of the Executive’s employment. “Customer” means any person or entity with whom the Bank MTC had a depository or other contractual relationship, pursuant to which the Bank MTC provided products or services within twenty-four (24) months prior to the cessation of the Executive’s employment.

Non-Piracy. In exchange for the benefits promised in this Agreement and other valuable consideration, the Executive agrees that for a period of twelve (12) months after the Executive’s employment ceases for any reason, including the expiration or non-renewal of this Agreement at the end of the Initial Term or any Renewal Term, the Executive will not, directly or indirectly, solicit, divert from the Bank Company or transact business with any “Customer” of the Bank Company with whom the Executive had “Material Contact” during the last twelve (12) months of the Executive’s employment or about whom the Executive obtained information not known generally to the public while acting within the scope of his her employment during the last twenty-four (24) 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 those offered by the Bank Company at the time the Executive’s employment ceases. “Material Contact” means that the 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 the BankCompany. “Customer” means any person or entity with whom the Bank Company had a depository or other contractual relationship, pursuant to which the Bank Company provided products or services within twenty-four (24) months prior to the cessation of the Executive’s employment.

Non-Piracy. In exchange for the benefits promised in this Agreement and other valuable consideration, the Executive agrees that for a period of twelve (12) months after the Executive’s employment ceases for any reason, including the expiration or non-renewal nonrenewal of this Agreement at the end of the Initial Term or any Renewal Term, the Executive will not, directly or indirectly, solicit, divert from the Bank Severn Bank, or transact business with any “CustomerCustomers” of the Bank with whom the Executive had “Material Contact” during the last twelve (12) months of the Executive’s employment or about whom the Executive obtained information not known generally to the public while acting within the scope of his employment during the last twenty-four months (24) 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 those offered by the Severn Bank at the time the Executive’s employment ceases. “Material Contact” means that the 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 the Severn Bank. “Customer” means any person or entity with whom the Severn Bank (or any subsidiary or division) had a depository or other contractual relationship, pursuant to which the Severn Bank or any subsidiary or division provided products or services within twenty-four months (24) months prior to the cessation of the Executive’s employment.

Non-Piracy. In exchange for the benefits promised in this Agreement and other valuable consideration, the Executive agrees that for a period of twelve twenty-four (1224) months after the Executive’s employment ceases for any reason, including the expiration or non-renewal nonrenewal of this Agreement at the end of the Initial Term or any Renewal Term, the Executive will not, directly or indirectly, solicit, divert from the Bank or transact business with any “CustomerCustomers” of the Bank with whom the Executive had “Material Contact” during the last twelve twenty-four (1224) months of the Executive’s employment or about whom the Executive obtained information not known generally to the public while acting within the scope of his employment during the last twenty-four twelve (2412) 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 those offered by the Bank at the time the Executive’s employment ceases. “Material Contact” means that the 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 the BankBank during the last twenty-four months of the Executive’s employment. “Customer” means any person or entity with whom the Bank had a depository or other contractual relationship, pursuant to which the Bank provided products or services within twenty-four (24) months prior to the cessation of the Executive’s employment.