Common use of Notice of Subsequent Employment Clause in Contracts

Notice of Subsequent Employment. For a period which is the later of one (1) year (i) after the Officer's employment with Employer ends or (ii) the date Officer ceases to receive any payment from the Bank pursuant to this Agreement (except as provided below), the Officer agrees to notify Employer of the name and address of the Officer's employer and the Officer hereby authorizes Employer to contact any such employer during that period for the limited purpose of making the employer aware of this Agreement and protection against any disclosure of confidential and proprietary information, or unfair competition. If Officer’s employment with the Bank is terminated pursuant to sections 3(a)(iii) or 3(b)(iii) of this Agreement, the duration of the restriction set forth in this section 7 shall be one (1) year from the date Officer’s employment with the Bank ends.

Appears in 1 contract

Samples: Employment Agreement (Hampton Roads Bankshares Inc)

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Notice of Subsequent Employment. For a period which is the later of one (1) year (i) after the Officer's ’s employment with Employer ends or (ii) the date Officer ceases to receive any payment from the Bank Employer pursuant to this Agreement (except as provided below), the Officer agrees to notify Employer of the name and address of the Officer's ’s employer and the Officer hereby authorizes Employer to contact any such employer during that period for the limited purpose of making the such employer aware of this Agreement and protection against any disclosure of confidential and proprietary information, or unfair competition. If Officer’s employment with the Bank Employer is terminated pursuant to sections Sections 3(a)(iii) or 3(b)(iii) of this Agreement, the duration of the restriction set forth in this section Section 7 shall be one (1) year from the date Officer’s employment with the Bank Employer ends.

Appears in 1 contract

Samples: Employment Agreement (Hampton Roads Bankshares Inc)

Notice of Subsequent Employment. For a period which is the later of one (1) year (i) after the Officer's employment with Employer ends or (ii) the date Officer ceases to receive any payment from the Bank pursuant to this Agreement (except as provided below), the Officer agrees to notify Employer of the name and address of the Officer's ’s employer and the Officer hereby authorizes Employer to contact any such employer during that period for the limited purpose of making the such employer aware of this Agreement and protection against any disclosure of confidential and proprietary information, or unfair competition. If Officer’s employment with the Bank is terminated pursuant to sections Sections 3(a)(iii) or 3(b)(iii) of this Agreement, the duration of the restriction set forth in this section Section 7 shall be one (1) year from the date Officer’s employment with the Bank ends.

Appears in 1 contract

Samples: Employment Agreement (Hampton Roads Bankshares Inc)

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Notice of Subsequent Employment. For a period which is the later of one (1) year (i) after the Officer's ’s employment with Employer ends or (ii) the date Officer ceases to receive any payment from the Bank pursuant to this Agreement (except as provided below), the Officer agrees to notify Employer of the name and address of the Officer's ’s employer and the Officer hereby authorizes Employer to contact any such employer during that period for the limited purpose of making the employer aware of this Agreement and protection against any disclosure of confidential and proprietary information, or unfair competition. If Officer’s employment with the Bank is terminated pursuant to sections 3(a)(iii) or 3(b)(iii) of this Agreement, the duration of the restriction set forth in this section 7 shall be one (1) year from the date Officer’s employment with the Bank ends.

Appears in 1 contract

Samples: Merger Agreement (Shore Financial Corp)

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