Common use of Non-Solicitation and Non-Hiring of Employees Clause in Contracts

Non-Solicitation and Non-Hiring of Employees. Executive agrees that, during the Employment Period and for a period of one (1) year following the termination of Executive’s employment for any reason, the Executive shall not, directly or indirectly, on Executive’s own behalf or the behalf of another person or entity: (i) induce or attempt to induce any person employed by the Bank to leave their employment with the Bank; (ii) hire or employ, or attempt to hire or employ, any person employed by the Bank; or (iii) assist any other person or entity in the hiring of any person employed by the Bank. These restrictions shall apply only where the services or products provided by the hiring entity are competitive with the services or products provided by the Bank.

Appears in 3 contracts

Samples: Executive Employment Agreement (Millennium Bankshares Corp), Executive Employment Agreement (Millennium Bankshares Corp), Employment Agreement (Millennium Bankshares Corp)

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Non-Solicitation and Non-Hiring of Employees. Executive agrees that, during for the Employment Period term of Executive’s employment and for a period of one (1) year following the termination of Executive’s employment for any reason, the Executive shall not, directly or indirectly, on Executive’s own behalf or EMPLOYMENT AGREEMENT OF XXXXX X. XXXXX PAGE 4 the behalf of another person or entity: (i) induce or attempt to induce any person employed by the Bank to leave their employment with the Bank; (ii) hire or employ, or attempt to hire or employ, any person employed by the Bank; or (iii) assist any other person or entity in the hiring of any person employed by the Bank. These restrictions shall apply only where the services or products provided by the hiring entity are competitive with the services or products provided by the Bank.

Appears in 2 contracts

Samples: Executive Employment Agreement (Millennium Bankshares Corp), Employment Agreement (Millennium Bankshares Corp)

Non-Solicitation and Non-Hiring of Employees. Executive agrees that, during for the Employment Period term of Executive’s employment and for a period of one (1) year following the termination of Executive’s employment for any reason, the Executive shall not, directly or indirectly, on Executive’s own behalf or the behalf of another person or entity: (i) induce or attempt to induce any person employed by the Bank to leave their employment with the Bank; (ii) hire or employ, or attempt to hire or employ, any person employed by the Bank; or (iii) assist any other person or entity in the hiring of any person employed by the Bank. These restrictions shall apply only where the services or products provided by the hiring entity are competitive with the services or products provided by the Bank.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Premier Community Bankshares Inc), Executive Employment Agreement of John Novak (Millennium Bankshares Corp)

Non-Solicitation and Non-Hiring of Employees. Executive agrees that, during for the Employment Period term of Executive’s employment and for a period of one (1) year following the termination of Executive’s employment for any reason, the Executive shall not, directly or indirectly, on Executive’s own behalf or the behalf of another person or entity: (i) induce or attempt to induce any person employed by the Bank to leave their employment with the Bank; (ii) hire or employ, or attempt to hire or employ, any person EMPLOYMENT AGREEMENT OF XXXX XXXXXX PAGE 4 employed by the Bank; or (iii) assist any other person or entity in the hiring of any person employed by the Bank. These restrictions shall apply only where the services or products provided by the hiring entity are competitive with the services or products provided by the Bank.

Appears in 1 contract

Samples: Employment Agreement (Millennium Bankshares Corp)

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Non-Solicitation and Non-Hiring of Employees. The Executive agrees that, during for the Employment Period term of the Executive’s employment and for a period of one (1) year twelve months following the termination of the Executive’s employment for any reason, the Executive shall not, directly or indirectly, on the Executive’s own behalf or the behalf of another person or entity: (i) induce or attempt to induce any person employed by the Bank to leave their employment with the Bank; (ii) hire or employ, or attempt to hire or employ, any person employed by the Bank; or (iii) assist any other person or entity in the hiring of any person employed by the Bank. These restrictions shall apply only where the services or products provided by the hiring entity are competitive with the services or products provided by the Bank.

Appears in 1 contract

Samples: Employment Agreement (Millennium Bankshares Corp)

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