Noncompetition and Confidential Information. Xxxxxx acknowledges that his position with the Corporation is special, unique, and intellectual in character and his position in the Corporation will place him in a position of confidence and trust with employees and clients of the Corporation. In consideration of the compensation, rights and benefits provided for in this Agreement, Xxxxxx agrees to the noncompetition and nondisclosure provisions set forth below.
Noncompetition and Confidential Information. (a) During the Employment Period, and during a one-year period following any termination of his employment, the Executive shall not directly or indirectly compete with the Corporation (which shall be deemed as including any subsidiary or affiliate of the Corporation), whether as an individual proprietor or entrepreneur or as an officer, employee, partner, stockholder, or in any capacity connected with any enterprise, in any business in which the Corporation is engaged at the time of the termination of the Executive's employment, within any state or possession of the United States of America or any foreign country within which such business is then being conducted, or within which business is then specifically planned by the Corporation to be conducted. For the purpose of the preceding sentence, conducting business, doing business, or engaging in business shall be deemed to embrace sales to customers or performance of services for customers who are within a relevant geographical area, without any necessity of any presence of the Corporation therein. Nothing herein, however, shall prohibit the Executive from acquiring or holding any issue of stock or securities of any corporation which has any securities listed on a national securities exchange or quoted in the daily listing of over-the-counter market securities; provided that at any one time he and members of his immediate family do not own more than five (5%) percent of the voting securities of any such corporation.
(b) The Executive shall hold in a fiduciary capacity for the benefit of the Corporation all secret or confidential information, knowledge, or data relating to the Corporation or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive's employment by the Corporation or any of its affiliated companies and which shall not be public knowledge (other than by acts by the Executive or his representatives in violation of this Agreement). After termination of the Executive's employment with the Corporation, the Executive shall not, without the prior written consent of the Corporation, communicate or divulge any such information, knowledge, or data to anyone other than the Corporation and those designated by it.
Noncompetition and Confidential Information. While employed by the Company, Executive will not directly or indirectly manage, operate, participate in, be employed by, perform consulting services for, or otherwise be connected in any manner with, any firm, person, corporation, or enterprise which would be competitive with the business of the Company. Executive will not at any time disclose to others any confidential information relating to the Company or to the business of the Company and confirms that such information constitutes the exclusive property of the Company. The foregoing shall not preclude Executive's investment in any such firm, corporation or enterprise provided that at any one time Executive and members of Executive's immediate family do not own more than one percent (1%) of any voting securities of any such entity.
Noncompetition and Confidential Information. (A) NONCOMPETITION
Noncompetition and Confidential Information. (a) Executive shall have executed the Company's standard Employee Proprietary Information and Inventions Agreement and the Employee Internal Confidentiality Agreement (together, the "Confidentiality Agreement").
(b) In addition to the provisions of the Confidentiality Agreement, which shall remain in full force and effect, for the six (6) month period following the effective date of an Involuntary Termination of Executive's employment with the Company without Cause and for the one (1) year period following the effective date of an Involuntary Termination without Cause following a Change of Control, Executive will not compete with the Company.
(c) Executive agrees that during any period when the provisions of Section 4(b) above are in effect, Executive will not, without the Company's express written consent, directly or indirectly invest in any business which is competitive with the Company (other than ownership of securities of publicly held corporations of which Executive owns less than one percent (1%) of any class of outstanding securities).
Noncompetition and Confidential Information. (a) NONCOMPETITION. During
(i) a period of one year following the date of termination of the Executive's employment with the Bank by the Executive as a result of his election not to extend pursuant to Section 3 or by the Bank for cause pursuant to Section 6(a) hereof, and
(ii) the period during which the Bank continues to provide benefits to the Executive pursuant to Section 6(e)(i)-(iii) hereof, the Executive will not, directly or indirectly, whether as owner, partner, shareholder, consultant, agent, employee, co-venturer or otherwise, or through any person (as defined in Section 11), compete in the Bank's market area (defined as the towns in which the Bank's main office and branch offices are located and all towns contiguous thereto) with the banking or any other business conducted by the Bank during the period of his employment hereunder, nor will he attempt to hire any employee of the Bank, assist in such hiring by any other person, encourage any such employee to terminate his or her relationship with the Bank or solicit or encourage any customer of the Bank to terminate its relationship with the Bank or to conduct with any other person any business or activity which such customer conducts or could conduct with the Bank.
Noncompetition and Confidential Information. 10.1 Purpose of Non-competition and Confidentiality Agreements. Seller and it Member(s) acknowledge that Buyer is purchasing the assets (including, without limitation, Proprietary Information and relationships with customers) with the expectation of continuing the Crossroads Convenience Center business and providing services to Seller’s existing and expected customers. Seller and its member(s) agree that Buyer is entitled to a period of time to benefit from the purchase of the assets, and that Seller and its Member(s) should be restricted from competing with Buyer or benefiting from the Proprietary Information and customer relationships purchased by Buyer.
Noncompetition and Confidential Information. During the sixty (60) months term of this Agreement, and thereafter as it continues, Executive will not directly or indirectly own greater than 5 percent equity interest in any class of stock of, or manage, operate, participate in, be employed by, perform consulting services for, or otherwise be connected in any manner with any firm, person, corporation, or enterprise engaged in banking, trust services, financial services, savings and loan, thrift or credit union business or for a holding company engaged in such business which would be competitive with the business of Bancshares, except with the approval of the Board of Directors of Bancshares. This limitation shall cover an area within a radius of fifty (50) miles from the headquarters of Bancshares in St. Louis County, Missouri. Executive will not at any time disclose to others any trade secrets, business information or other confidential information including customer lists, relating to Bancshares or to the business of Bancshares and confirms that such information constitutes the exclusive property of Bancshares, including all of its subsidiaries or affiliates.
Noncompetition and Confidential Information. Purpose Of Noncompetition And Confidential Information Agreements . . . . . . . . . . . . . . . . . . . . . 27 7.2
Noncompetition and Confidential Information. Starbuck agrees that during the term of employment, the Deemed Term (if any), and, if later, for a period of six months following termination of his employment with the Bank, he shall not either directly or indirectly as agent, stockholder, employee, officer, director, trustee, partner, proprietor or otherwise (except as a passive investor holding not more than 1% equity in another entity) engage in, render advice or assistance to or be employed on a compensation basis by any person, firm or entity which is in competition with the Bank. This paragraph shall apply only where either: (1) the person, firm, or entity is headquartered in New Milford or Danbury, Connecticut; or (2) the person, firm, or entity is headquartered elsewhere but Starbuck maintains an office in New Milford or Danbury, Connecticut. This paragraph shall not restrict Starbuck from competing after termination of employment with the Bank if there shall have been a
