Common use of Nonsolicitation of Employees and Customers Clause in Contracts

Nonsolicitation of Employees and Customers. During the period of time that any payments and benefits are to be provided to Employee under Section 3, the Employee shall refrain from directly or indirectly soliciting for employment or business relationship purposes pertaining to the financial services business of Leesport or the Bank employees or customers of Leesport, the Bank or any affiliate of either or any successor to either as of the date of the Employee’s termination of employment. In the event of a breach of this section, the Employee’s right to payments and benefits under Sections 3 and 4 shall immediately terminate. Leesport or any successor shall be entitled to recover any payments or benefits made following the commencement of the prohibited conduct, but before discovery of the same, and may commence an action in any court of competent jurisdiction for such additional legal and equitable relief as it may deem necessary or appropriate to recover damages incurred by reason of such conduct and to preclude continued violation of this section.

Appears in 3 contracts

Samples: Change in Control Agreement (Leesport Financial Corp), Change in Control Agreement (Leesport Financial Corp), Change in Control Agreement (Vist Financial Corp)

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Nonsolicitation of Employees and Customers. During the period of time that any payments and benefits are to be provided to Employee under Section 3, the Employee shall refrain from directly or indirectly soliciting for employment or business relationship purposes pertaining to the financial services business of Leesport VIST or the Bank employees or customers of LeesportVIST, the Bank or any affiliate of either or any successor to either as of the date of the Employee’s termination of employment. In the event of a breach of this section, the Employee’s right to payments and benefits under Sections 3 and 4 shall immediately terminate. Leesport VIST or any successor shall be entitled to recover any payments or benefits made following the commencement of the prohibited conduct, but before discovery of the same, and may commence an action in any court of competent jurisdiction for such additional legal and equitable relief as it may deem necessary or appropriate to recover damages incurred by reason of such conduct and to preclude continued violation of this section.

Appears in 2 contracts

Samples: Change in Control Agreement (Vist Financial Corp), Change in Control Agreement (Vist Financial Corp)

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Nonsolicitation of Employees and Customers. During the period of time that any payments and benefits are to be provided to Employee under Section 3, the Employee shall refrain from directly or indirectly soliciting for employment or business relationship purposes pertaining to the financial services business of Leesport or the Bank employees or customers of Leesport, the Bank or any affiliate of either or any successor to either as of the date of the Employee’s 's termination of employment. In the event of a breach of this section, the Employee’s 's right to payments and benefits under Sections 3 and 4 shall immediately terminate. Leesport or any successor shall be entitled to recover any payments or benefits made following the commencement of the prohibited conduct, but before discovery of the same, and may commence an action in any court of competent jurisdiction for such additional legal and equitable relief as it may deem necessary or appropriate to recover damages incurred by reason of such conduct and to preclude continued violation of this section.

Appears in 1 contract

Samples: Control Agreement (Leesport Financial Corp)

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