Common use of Non-Solicitation of Business Clause in Contracts

Non-Solicitation of Business. The Executive agrees that for a period of one year following termination of employment in conjunction with or after a Change in Control, the Executive shall not contact (with a view toward selling any product or service competitive with any product or service sold or proposed to be sold by the Company, the Bank or any successors thereto (“Companies”)) any person, firm, association or corporation (a) to which the Companies sells any product or service, (b) which the Executive solicited, contacted or otherwise dealt with on behalf of the Companies, or (c) which the Executive is otherwise aware is a client of the Companies. During such one-year period, the Executive will not directly or indirectly make any such contact, either for his own benefit or for the benefit of any other person, firm, association, or corporation.

Appears in 10 contracts

Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.)

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Non-Solicitation of Business. The Executive agrees that for a period of one year following termination of employment in conjunction with or after a Change in Control, the Executive shall not contact (with a view toward selling any product or service competitive with any product or service sold or proposed to be sold by the Company, the Bank or any successors thereto ("Companies")) any person, firm, association or corporation (a) to which the Companies sells any product or service, (b) which the Executive solicited, contacted or otherwise dealt with on behalf of the Companies, or (c) which the Executive is otherwise aware is a client of the Companies. During such one-year period, the Executive will not directly or indirectly make any such contact, either for his own benefit or for the benefit of any other person, firm, association, or corporation.

Appears in 1 contract

Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.)

Non-Solicitation of Business. The Executive agrees that for a period of one year following termination of employment in conjunction with or after a Change in Control, the Executive shall not contact (with a view toward selling any product or service competitive with any product or service sold or proposed to be sold by the Company, the Bank or any successors thereto ("Companies")) any person, firm, association or corporation (a) to which the Companies sells any product or service, (b) which the Executive solicited, contacted or otherwise dealt with on behalf of the Companies, or (c) which the Executive is otherwise aware is a client of the Companies. During such one-year period, the Executive will not directly or indirectly make any such contact, either for his or her own benefit or for the benefit of any other person, firm, association, or corporation.

Appears in 1 contract

Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.)

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Non-Solicitation of Business. The Executive agrees that for a period of one (1) year following termination of Executive’s employment with Employer in conjunction with or after a Change in Control, the Executive shall not contact (with a view toward selling any product or service competitive with any product or service sold or proposed to be sold by the Company, the Bank or any successors thereto (“Companies”)) any person, firm, association or corporation (ai) to which the Companies sells sell any product or service, (bii) which the Executive solicited, contacted or otherwise dealt with on behalf of the Companies, or (ciii) which the Executive is otherwise aware is a client client, or could be a potential customer, of one or all of the Companies. During such one-year period, the Executive will shall not directly or indirectly make any such contact, either for his Executive’s own benefit or for the benefit of any other person, firm, association, or corporation.

Appears in 1 contract

Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.)

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