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 follows the Date of Termination, or such time period as the Corporation is obligated to pay severance benefits under this Agreement (whichever is longer), 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:

Appears in 5 contracts

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

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Non-Solicitation Restriction. During employment with the Corporation and for the twenty-four (24) month period that immediately follows following the Date termination of Terminationthe 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 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:

Appears in 2 contracts

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

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