Common use of Non-Solicitation Restriction Clause in Contracts

Non-Solicitation Restriction. During employment with the Corporation and for the twenty-four (24) month period that immediately following the termination of the Executive's employment (regardless of the circumstances), or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer) ("Restricted Period"), Executive shall not unfairly compete with the Corporation (which for purposes of this Section 14 shall include the Corporation, the Bank and all of their Affiliates) by attempting to disrupt business relationships that the Corporation, the Bank or their Affiliates have with either: (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with the business relationship with a Customer (as limited above) by directly or indirectly requesting, suggesting, encouraging or advising that Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's business with the Corporation, the Bank or their Affiliates. (2) Solicit the business of a Customer (as limited above) by communicating directly with that Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive discusses or offers a Competitive Service or Product. (3) Solicit the business of a Prospect by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's business away from the Corporation, the Bank or their Affiliates.

Appears in 2 contracts

Samples: Executive Employment Agreement (Parkway Acquisition Corp.), Executive Employment Agreement (Parkway Acquisition Corp.)

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Non-Solicitation Restriction. During The intent of this restriction is to prevent Employee during employment and for the thirty-six (36) months immediately after the employment with the Corporation and for the twenty-four ends (24) month period that immediately following the termination of the Executive's employment (regardless of the circumstances), or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer) ("Restricted Period"), Executive shall not ”) from unfairly compete competing with the Corporation (which for purposes of this Section 14 shall include the Corporation, the Bank and all of their AffiliatesRelated Entities) by attempting to disrupt trading on or disrupting business relationships that the Corporation has with individuals and business entities that have accounts with the Corporation or use or are actively considering using the Corporation, the Bank ’s products or their Affiliates have with either: services. (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive Employee shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive he does them by or for himself alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with Disrupt the Corporation’s business relationship with a Customer (as limited abovedefined below) by directly or indirectly requesting, suggesting, encouraging or advising that a Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's ’s business with the Corporation, the Bank or their Affiliates. (2) Solicit the business of a Customer (as limited above) by communicating directly with that any Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or ProductProduct (as defined below). (3) Solicit the business of a Prospect (defined below) by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's business away from the Corporation. (ii) As used in this Section, the Bank or their Affiliates.following terms shall have these meanings:

Appears in 2 contracts

Samples: Employment Agreement (First Community Bancshares Inc /Nv/), Employment Agreement (First Community Bancshares Inc /Nv/)

Non-Solicitation Restriction. During The intent of this restriction is to prevent Employee during employment and for the thirty-six (36) months immediately after the employment with the Corporation and for the twenty-four ends (24) month period that immediately following the termination of the Executive's employment (regardless of the circumstances), or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer) ("Restricted Period"), Executive shall not ”) from unfairly compete competing with the Corporation (which for purposes of this Section 14 shall include the Corporation, the Bank and all of their AffiliatesRelated Entities) by attempting to disrupt trading on or disrupting business relationships that the Corporation has with individuals and business entities that have accounts with the Corporation or use or are actively considering using the Corporation, the Bank ’s products or their Affiliates have with either: services. (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive Employee shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive he does them by or for himself alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with Disrupt the Corporation’s business relationship with a Customer (as limited abovedefined below) by directly or indirectly requesting, suggesting, encouraging or advising that a Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's ’s business with the Corporation, the Bank or their Affiliates. (2) Solicit the business of a Customer (as limited above) by communicating directly with that any Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or ProductProduct (as defined below). (3) Solicit the business of a Prospect (defined below) by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's ’s business away from the Corporation. (ii) As used in this Section, the Bank or their Affiliates.following terms shall have these meanings:

Appears in 1 contract

Samples: Employment Agreement (First Community Bancshares Inc /Nv/)

Non-Solicitation Restriction. During The intent of this restriction is to prevent Employee during employment with the Corporation and for the twenty-four (24) month period that months immediately following after the termination of employment with the Executive's employment Bank ends (regardless of the circumstances), or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer) ("Restricted Period"), Executive shall not ”) from unfairly compete competing with the Corporation Bank (which for purposes of this Section 14 7 shall include the Corporation, the Bank and all of their AffiliatesRelated Entities) by attempting to disrupt trading on or disrupting business relationships that the Corporation, Bank has with individuals and business entities that have accounts with the Bank or their Affiliates have with either: use or are actively considering using the Bank’s products or services. (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive Employee shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive he does them by or for himself alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with Disrupt the Bank’s business relationship with a Customer (as limited abovedefined below) by directly or indirectly requesting, suggesting, encouraging or advising that a Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's ’s business with the Corporation, the Bank or their AffiliatesBank. (2) Solicit the business of a Customer (as limited above) by communicating directly with that any Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or ProductProduct (as defined below). (3) Solicit the business of a Prospect (defined below) by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's business away from the CorporationBank. (ii) As used in this Section 7, the Bank or their Affiliates.following terms shall have these meanings:

Appears in 1 contract

Samples: Employment Agreement (First Community Bancshares Inc /Nv/)

Non-Solicitation Restriction. During The intent of this restriction is to prevent Employee during employment with the Corporation and for the twenty-four (24) month period that months immediately following after the termination of employment with the Executive's employment Bank ends (regardless of the circumstances), or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer) ("Restricted Period"), Executive shall not ”) from unfairly compete competing with the Corporation Bank (which for purposes of this Section 14 shall include the Corporation, the Bank and all of their AffiliatesRelated Entities) by attempting to disrupt trading on or disrupting business relationships that the Corporation, Bank has with individuals and business entities that have accounts with the Bank or their Affiliates have with either: use or are actively considering using the Bank’s products or services. (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive Employee shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive he does them by or for himself alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with Disrupt the Bank’s business relationship with a Customer (as limited abovedefined below) by directly or indirectly requesting, suggesting, encouraging or advising that a Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's ’s business with the Corporation, the Bank or their AffiliatesBank. (2) Solicit the business of a Customer (as limited above) by communicating directly with that any Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or ProductProduct (as defined below). (3) Solicit the business of a Prospect (defined below) by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's business away from the CorporationBank. (ii) As used in this Section, the Bank or their Affiliates.following terms shall have these meanings:

Appears in 1 contract

Samples: Employment Agreement (First Community Bancshares Inc /Nv/)

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Non-Solicitation Restriction. During The intent of this restriction is to prevent Employee during employment with the Corporation and for the twenty-four (24) month period that months immediately following after the termination of the Executive's employment (regardless of the circumstances), or such time period as with the Corporation is obligated to pay severance benefits under this Agreement ends (whichever is longer) ("Restricted Period"), Executive shall not ”) from unfairly compete competing with the Corporation (which for purposes of this Section 14 shall include the Corporation, the Bank and all of their AffiliatesRelated Entities) by attempting to disrupt trading on or disrupting business relationships that the Corporation has with individuals and business entities that have accounts with the Corporation or use or are actively considering using the Corporation, the Bank ’s products or their Affiliates have with either: services. (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive Employee shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive he does them by or for himself alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with Disrupt the Corporation’s business relationship with a Customer (as limited abovedefined below) by directly or indirectly requesting, suggesting, encouraging or advising that a Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's ’s business with the Corporation, the Bank or their Affiliates. (2) Solicit the business of a Customer (as limited above) by communicating directly with that any Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or ProductProduct (as defined below). (3) Solicit the business of a Prospect (defined below) by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's ’s business away from the Corporation. (ii) As used in this Section, the Bank or their Affiliates.following terms shall have these meanings:

Appears in 1 contract

Samples: Employment Agreement (First Community Bancshares Inc /Nv/)

Non-Solicitation Restriction. During The intent of this restriction is to prevent Employee during employment and for the thirty-six (36) months immediately after the employment with the Corporation and for the twenty-four Bank ends (24) month period that immediately following the termination of the Executive's employment (regardless of the circumstances), or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer) ("Restricted Period"), Executive shall not ”) from unfairly compete competing with the Corporation Bank (which for purposes of this Section 14 shall include the Corporation, the Bank and all of their AffiliatesRelated Entities) by attempting to disrupt trading on or disrupting business relationships that the Corporation, Bank has with individuals and business entities that have accounts with the Bank or their Affiliates have with either: use or are actively considering using the Bank’s products or services. (i) a Customer (see Section 1(g)) with whom Executive either had communications within the eighteen (18) months prior to the Date of Termination, or as to which Executive received Confidential Information during that eighteen (18) month period, or (ii) a Prospect (see Section 1(k)). In this regard, Executive Employee shall refrain during the Restricted Period from engaging in any of the following activities, whether Executive he does them by or for himself alone, or as an officer, director, stockholder, partner, member, investor, employee, consultant or agent for or on behalf of any other person or legal entity: (1) Attempting to disrupt or interfere with Disrupt the Bank’s business relationship with a Customer (as limited abovedefined below) by directly or indirectly requesting, suggesting, encouraging or advising that a Customer to withdraw, curtail, limit, cancel, terminate or not renew all or any portion of the Customer's ’s business with the Corporation, the Bank or their AffiliatesBank. (2) Solicit the business of a Customer (as limited above) by communicating directly with that any Customer (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or ProductProduct (as defined below). (3) Solicit the business of a Prospect (defined below) by communicating directly with a Prospect (regardless of who initiates the communication and in what form it occurs) when as part of the communication Executive Employee discusses or offers a Competitive Service or Product with the intent to limit, interfere with or divert the Prospect's business away from the CorporationBank. (ii) As used in this Section, the Bank or their Affiliates.following terms shall have these meanings:

Appears in 1 contract

Samples: Employment Agreement (First Community Bancshares Inc /Nv/)

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