Common use of Promise of no competition Clause in Contracts

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory the Executive will not engage, undertake, or participate in the business of providing, selling, marketing, or distributing Financial Products or Services of a similar nature, kind, or variety (x) as offered by the Bank to Customers during the two years immediately before the Executive’s employment termination with the Bank, or (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Subject to the above provisions and conditions of this subparagraph (b), the Executive promises that during the Restricted Period the Executive will not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory the Executive will shall not engage, undertake, or participate in the business of providing, selling, marketing, or distributing Financial Products or Services of a similar nature, kind, or variety (x) as offered by the Bank to Customers during the two years immediately before the Executive’s employment termination with the Bank, or (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Subject to the above provisions and conditions of this subparagraph (b), the Executive promises that during the Restricted Period the Executive will shall not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory Territory, the Executive will not engage, undertake, undertake or participate in the business of providing, selling, marketing, marketing or distributing Financial Products or Services of a similar nature, kind, kind or variety (xi) as offered by the Bank Employer to Customers during the two years immediately before preceding the Executive’s employment termination with the Bank, Employer; or (yii) as offered by the Bank Employer to any of its Customers during the Restricted Period.2 Subject to the above provisions and conditions of this subparagraph (b), the Executive promises that during the Restricted Period the Executive will not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that which is located in in, or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory the Executive will shall not engage, undertake, or participate in the business of providing, selling,, marketing, or distributing Financial Products or Services of a similar nature, kind, kind or variety (x) as offered by the Bank to Customers during the two years immediately before the Executive’s employment termination with the Bank, or (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Subject to the above provisions and conditions condition of this the subparagraph (b), the Executive promises that during the Restricted Period the Executive will shall not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that that, during the Restricted Period and in the Restricted Territory Territory, the Executive will shall not engage, undertake, undertake or participate in the business of providing, selling, marketing, marketing or distributing Financial Products or Services of a similar nature, kind, kind or variety (x) as offered by the Bank to Customers during the two years immediately before the Executive’s employment termination with the Bank, or and (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Period. Subject to the above provisions and conditions of this subparagraph (b), the Executive also promises that that, during the Restricted Period Period, the Executive will shall not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory the Executive will shall not engage, undertake, or participate in the business of providing, selling, marketing, or distributing Financial Products or Services of a similar nature, kind, or variety (x) as offered by the Bank to Customers during the two years immediately before the Executive’s employment termination with the Bank, or and (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Subject to the above provisions and conditions of this subparagraph (b), the Executive promises that during the Restricted Period the Executive will shall not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory the Executive will shall not engage, undertake, or participate in the business of providing, selling, marketing, or distributing Financial Products or Services of a similar nature, kind, or variety (x) as offered by the Bank to Customers during the two years immediately before the Executive’s employment termination with the Bank, or (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Period.22 Subject to the above provisions and conditions of this subparagraph (b), the Executive promises that during the Restricted Period the Executive will shall not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or conducts business in the Restricted Territory.

Promise of no competition. The Executive promises and agrees that during the Restricted Period in the Restricted Territory the Executive will not engage, undertake, or participate in the business of providing, selling, marketing, or distributing Financial Products or Services of a similar nature, kind, or variety (x) as offered by the Bank to Customers during the two years immediately before preceding the Executive’s employment termination with the Bank, or (y) as offered by the Bank to any of its Customers during the Restricted Period.2 Subject Period. 1Subject to the above provisions and conditions of this subparagraph (b), the Executive promises that during the Restricted Period the Executive will not become employed by or serve as a director, partner, consultant, agent, or owner of 5% or more of the outstanding stock of or contractor to any entity providing these prohibited Financial Products or Services that is located in or that conducts business in the Restricted Territory.