Common use of Noncompetition and Confidentiality Clause in Contracts

Noncompetition and Confidentiality. (a) Executive shall devote her full time and attention to the performance of her employment under this Agreement. Upon any termination of Executive’s employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Employer or any subsidiary of the Employer for a period of one (1) year following such termination in any city, town or county in which Executive’s normal business office is located or in which the Employer or any subsidiary of the Employer has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer or any subsidiary of the Employer. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer is a valuable, special and unique asset of the business of the Employer. Executive will not, during or after the term of her employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the Employer. (c) Nothing contained in this Agreement shall be deemed to prevent or limit the right of Executive to invest in any entity which conducts business similar to that of the Employer, solely as a passive or minority investor.

Noncompetition and Confidentiality. (a) Executive shall devote her his full time and attention to the performance of her his employment under this Agreement. Upon any termination of Executive’s 's employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Employer Company or any subsidiary of the Employer Company for a period of one (1) year following such termination in any city, town or county in which Executive’s 's normal business office is located or in which the Employer Company or any subsidiary of the Employer Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer Company or any subsidiary of the EmployerCompany. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive's breach of this Section 7(a), agree that in the event of any such breach by Executive, the Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 8(b) of this Agreement, Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer Company is a valuable, special and unique asset of the business of the EmployerCompany. Executive will not, during or after the term of her his employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer Company to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the EmployerCompany. Further, Executive may disclose information regarding the business activities of the Company to the Office of Thrift Supervision ("OTS") or other regulatory or judicial body pursuant to a formal regulatory request or subpoena. (c) Nothing contained in this Agreement Section 7 shall be deemed to prevent or limit the right of Executive to invest in any entity which conducts business similar to that of the EmployerCompany, solely as a passive or minority investor.

Noncompetition and Confidentiality. (a) Executive shall devote her his full time and attention to the performance of her his employment under this Agreement. Upon any termination of Executive’s employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Employer or any subsidiary of the Employer for a period of one (1) year following such termination in any city, town or county in which Executive’s normal business office is located or in which the Employer or any subsidiary of the Employer has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer or any subsidiary of the Employer. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer is a valuable, special and unique asset of the business of the Employer. Executive will not, during or after the term of her his employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the Employer. (c) Nothing contained in this Agreement shall be deemed to prevent or limit the right of Executive to invest in any entity which conducts business similar to that of the Employer, solely as a passive or minority investor.

Noncompetition and Confidentiality. (a) Executive shall devote her his full time and attention to the performance of her his employment under this Agreement. Upon any termination of Executive’s employment hereunder pursuant to Section 8(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Employer Company or any subsidiary of the Employer Company for a period of one (1) year following such termination in any city, town or county in which Executive’s normal business office is located or in which the Employer Company or any subsidiary of the Employer Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer Company or any subsidiary of the EmployerCompany. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive’s breach of this Section 7(a), agree that in the event of any such breach by Executive, the Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 8(b) of this Agreement, Executive’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer Company is a valuable, special and unique asset of the business of the EmployerCompany. Executive will not, during or after the term of her his employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer Company to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the EmployerCompany. Further, Executive may disclose information regarding the business activities of the Company to the Office of Thrift Supervision (“OTS”) or other regulatory or judicial body pursuant to a formal regulatory request or subpoena. (c) Nothing contained in this Agreement Section 7 shall be deemed to prevent or limit the right of Executive to invest in any entity which conducts business similar to that of the EmployerCompany, solely as a passive or minority investor.

Noncompetition and Confidentiality. (a) Executive shall devote her his full time and attention to the performance of her his employment under this Agreement. Upon any termination of Executive’s 's employment hereunder pursuant to Section 8(b9(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Employer Company or any subsidiary of the Employer Company for a period of one (1) year following such termination in any city, town or county in which Executive’s 's normal business office is located or in which the Employer Company or any subsidiary of the Employer Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer Company or any subsidiary of the EmployerCompany. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive's breach of this Section 8(a), agree that in the event of any such breach by Executive, the Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 9(b) of this Agreement, Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer Company is a valuable, special and unique asset of the business of the EmployerCompany. Executive will not, during or after the term of her his employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer Company to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the EmployerCompany. Further, Executive may disclose information regarding the business activities of the Company to the Office of Thrift Supervision ("OTS") or other regulatory or judicial body pursuant to a formal regulatory request or subpoena. (c) Nothing contained in this Agreement Section 8 shall be deemed to prevent or limit the right of Executive to invest in any entity which conducts business similar to that of the EmployerCompany, solely as a passive or minority investor.

Noncompetition and Confidentiality. (a) Executive shall devote her full time and attention to During the performance term of her Executive's employment under this Agreement. Upon any agreement and for a period of one year following the termination of Executive’s 's employment hereunder pursuant to Section 8(b) of under this Agreement (other than a termination which occurs after the effective date of a Change in Control)for any reason, Executive agrees not to compete with the Employer or any subsidiary of Association and/or the Employer for a period of one (1) year following such termination Company in any city, town or county in which Executive’s normal business office is located or in which the Employer or any subsidiary of Association and/or the Employer Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer Association and/or the Company. The parties hereto, recognizing that irreparable injury will result to the Association and/or the Company, its business and property in the event of Executive's breach of this Subsection 14(a) agree that in the event of any such breach by Executive, the Association and/or the Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employers, employees and all persons acting for or any subsidiary with Executive. Executive represents and admits that in the event of the Employertermination of his employment per this Agreement, Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Association and/or the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Association and/or the Company from pursuing any other remedies available to the Association and/or the Company for such breach or threatened breach, including the recovery of damages from Executive. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer Association and affiliates thereof, as it may exist from time to time, is a valuable, special and unique asset of the business of the EmployerAssociation. Executive will not, during or after the term of her his employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer Association or affiliates thereof to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the Employer. (c) Nothing contained in this Agreement shall be deemed to prevent Association. In the event of a breach or limit threatened breach by the right of Executive to invest in any entity which conducts business similar to that of the Employerprovisions of this Section, solely the Association will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of the Association or affiliates thereof, or from rendering any services to any person, firm, corporation, other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as a passive prohibiting the Association from pursuing any other remedies available to the Association for such breach or minority investorthreatened breach, including the recovery of damages from Executive.

Noncompetition and Confidentiality. (a) Executive shall devote her his full time and attention to the performance of her his employment under this Agreement. Upon any termination of Executive’s employment hereunder pursuant to Section 8(b9(b) of this Agreement (other than a termination which occurs after the effective date of a Change in Control), Executive agrees not to compete with the Employer Company or any subsidiary of the Employer Company for a period of one (1) year following such termination in any city, town or county in which Executive’s normal business office is located or in which the Employer Company or any subsidiary of the Employer Company has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Employer Company or any subsidiary of the EmployerCompany. The parties hereto, recognizing that irreparable injury will result to the Company or any subsidiary of the Company, and their business and property in the event of Executive’s breach of this Section 8(a), agree that in the event of any such breach by Executive, the Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive’s partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event he terminates employment with the Company pursuant to Section 9(b) of this Agreement, Executive’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Company, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Company from pursuing any other remedies available to the Company for breach or threatened breach, including the recovery of damages from Executive. (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business activities of the Employer Company is a valuable, special and unique asset of the business of the EmployerCompany. Executive will not, during or after the term of her his employment, disclose any knowledge of the past, present, planned or considered business activities of the Employer Company to any person, firm, corporation, or other entity for any reason or purpose whatsoever. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the EmployerCompany. Further, Executive may disclose information regarding the business activities of the Company to the Office of Thrift Supervision (“OTS”) or other regulatory or judicial body pursuant to a formal regulatory request or subpoena. (c) Nothing contained in this Agreement Section 8 shall be deemed to prevent or limit the right of Executive to invest in any entity which conducts business similar to that of the EmployerCompany, solely as a passive or minority investor.