Participation in a Competing Business. While Executive is employed pursuant to this Agreement and for the longer of (i) one year following termination of his employment for any reason or (ii) the balance of the Term remaining (not including any Renewal Term), if any (such longer period of time being the “Restricted Period”), Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, “founder,” employee, consultant or agent; provided, however, that Executive may acquire and passively own an interest not exceeding 3% of the total equity interest in a Competing Business.
Participation in a Competing Business. During the Term and for two (2) years after the Executive's employment with the Company ends (regardless of whether the Executive's employment ends at the end of the Term or at some other point before or after the end of the Term), the Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder,' employee, consultant, or agent; PROVIDED HOWEVER, that the Executive may acquire and passively own an interest not exceeding five percent (5%) of the total equity interest in any company (whether or not such company is a Competing Business).
Participation in a Competing Business. Except as otherwise expressly provided in this Agreement or in the Employment Agreement, during the Term or any Extended Term and for one year after termination of the Executive's employment (such one year being the "Post-Term Period") (regardless of whether the Executive's employment ends at the end of the Term or any Extended Term or at some other point after the end of the Term or any Extended Term), the Executive will not become involved with a Competing Business (as defined below) or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder," employee, consultant, or agent; provided, however, that the Executive may acquire and own an interest not to exceed two percent (2%) of the total equity interest in any publicly held entity whose equity securities are listed on a national securities exchange (even if such entity is a Competing Business). The Executive's non-competition obligations for the Post-Term Period will not apply if (1) the Executive's employment during the Term or any Extended Term is terminated without a cause described in Section 7(a) of the Employment Agreement, (2) the Executive terminates his employment during the Term or any Extended Term for a cause described in subsection 7(b) or subsection 7(j) of the Employment Agreement, or (3) the Bank, the Corporation, or their respective successor(s) decline(s) to employ the Executive after expiration of the Term or any Extended Term except that the Bank may extend the non-competition period as provided in Section 7(e) of the Employment Agreement.
Participation in a Competing Business. During the period Executive is employed by Pacific and for twelve (12) months after Executive’s employment with Pacific terminates, Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, “founder,” employee, consultant, or agent; provided, however, that Executive may acquire and passively own an interest not exceeding 1% of the total equity interest in any Competing Business.
Participation in a Competing Business. Except as otherwise expressly provided in this Agreement, during the Term or any Extended Term and for one year after termination of the Executive's employment (such one year being the "Post-Term Period") (regardless of whether the Executive's employment ends at the end of the Term or any Extended Term or at some other point after the end of the Term or any Extended Term), the Executive will not become involved with a Competing Business (as defined below) or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder," employee, consultant, or agent; provided, however, that the Executive may acquire and own an interest not to exceed 2% of the total equity interest in any publicly held entity whose equity securities are listed on a national securities exchange (even if such entity is a Competing Business). The Executive's noncompetition obligations for the Post-Term Period will not apply if (1) the Executive's employment during the Term or any Extended Term is terminated without a cause described in Section 7(a), (2) the Executive terminates his employment during the Term or any Extended Term for a cause described in subsection 7(b) or subsection 7(j), or (3) the Bank or its successor declines to employ the Executive after expiration of the Term or any Extended Term except that the Bank may extend the noncompetition period as provided in Section 7(e). (The salary and benefits for any such six-month extended period shall be the then-current Base Salary adjusted for inflation in accordance with subsection 5(a).)
Participation in a Competing Business. In consideration for the Severance Payment provided for in this Agreement, Employee will not become involved for a period of twenty four (24) months following the date of the payment of the Severance Payment (the “Noncompete Period”) with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, founder, employee, consultant or agent. However, Employee may acquire and own an interest not to exceed two percent (2%) of the total equity interest in any publicly held entity whose securities are listed on a national exchange, whether or not such entity is a Competing Business.
Participation in a Competing Business. During the Term and for eighteen (18) months after Employee's employment with the Bank, InterWest, or any Subsidiary of InterWest ends (regardless of whether Employee's employment ends at the end of the Term or at some other point after the end of the Term), Employee will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder," employee, consultant, or agent, provided, however, that Employee may acquire and passively own an interest not to exceed 2% of the total equity interest in any entity (whether or not such entity is a Competing Business).
Participation in a Competing Business. During Executive’s employment with Employer and, with respect to a termination without Cause or for Good Reason, also during the Restricted Period, Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, “founder,” employee, consultant or agent; provided, however, that Executive may acquire and passively own an interest not exceeding 3% of the total equity interest in a Competing Business.
Participation in a Competing Business. For a period of two years from the Effective Date, except in the event of a termination of this Agreement by the Bank without Cause or by the Executive with Good Reason (in any of which events the obligations of Executive under this Section 8(a) will terminate), Executive will not become involved in any manner with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer or employee, manager, investor, organizer, founder, consultant, or agent; provided, however, that Executive may acquire and passively own an interest not exceeding five percent (5%) of the total equity interest in any company (whether or not such company is a Competing Business). This provision will survive any termination of this Agreement in accordance with its terms.
Participation in a Competing Business. During the Term and for twelve (12) months after expiration of the Term (such 12-months being the “Post-Term Period”) (regardless of whether Executive’s employment ends at the end of the Term or at some other point after the end of the Term), Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, “founder,” employee, consultant, or agent; provided, however, that Executive may acquire and own an interest not exceeding 2% of the total equity interest in any publicly held entity whose equity securities are listed on a national securities exchange (whether or not such entity is a Competing Business). Executive’s noncompetition obligations for the Post-Term Period will not apply if termination occurs within the Change in Control Period.
