Common use of Restriction on Relationships with Protected Customers Clause in Contracts

Restriction on Relationships with Protected Customers. Employee understands and agrees that the relationship between the Bank and each of its Protected Customers constitutes a valuable asset of the Bank and may not be converted to Employee’s own use. Accordingly, Employee hereby agrees that, during the Restricted Period, Employee shall not, without the prior written consent of the Bank, directly or indirectly, on Employee’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or attempt to solicit, divert or take away a Protected Customer; provided, however, that the prohibition of this covenant shall apply only to Protected Customers with whom Employee had Material Contact on the Bank’s behalf during the Employment Period. For purposes of this Agreement, Employee had “Material Contact” with a Protected Customer if (a) he had business dealings with the Protected Customer on the Bank’s behalf; (b) he was responsible for supervising or coordinating the dealings between the Bank and the Protected Customer; or (c) he obtained Trade Secrets and/or Confidential Information about the customer as a result of his association with the Bank.

Appears in 3 contracts

Samples: Employment Agreement (Southside Bancshares Inc), Employment Agreement (Southside Bancshares Inc), Employment Agreement (Southside Bancshares Inc)

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Restriction on Relationships with Protected Customers. Employee understands and agrees that the relationship between the Bank Company and each of its Protected Customers constitutes a valuable asset of the Bank Company and may not be converted to Employee’s own use. Accordingly, Employee hereby agrees that, during the Restricted Period, Employee shall not, without the prior written consent of the BankCompany, directly or indirectly, on Employee’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or attempt to solicit, divert or take away a Protected Customer; provided, however, that the prohibition of this covenant shall apply only to Protected Customers with whom Employee had Material Contact on the BankCompany’s behalf during the Employment Period. For purposes of this Agreement, Employee had “Material Contact” with a Protected Customer if (a) he had business dealings with the Protected Customer on the BankCompany’s behalf; (b) he was responsible for supervising or coordinating the dealings between the Bank Company and the Protected Customer; or (c) he obtained Trade Secrets and/or Confidential Information about the customer as a result of his association with the BankCompany.

Appears in 3 contracts

Samples: Employment Agreement (Southside Bancshares Inc), Employment Agreement (Southside Bancshares Inc), Employment Agreement (Southside Bancshares Inc)

Restriction on Relationships with Protected Customers. Employee understands and agrees that the relationship between the Bank Company and each of its Protected Customers constitutes a valuable asset of the Bank Company and may not be converted to Employee’s own use. Accordingly, Employee hereby agrees that, during the Restricted Period, Employee shall not, without the prior written consent of the BankCompany, directly or indirectly, on Employee’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or attempt to solicit, divert or take away a Protected CustomerCustomer for the purpose of providing or selling Competitive Services; provided, however, that the prohibition of this covenant shall apply only to Protected Customers with whom Employee had Material Contact on the BankCompany’s behalf during the Employment Periodtwelve (12) months immediately preceding the termination of her employment hereunder. For purposes of this Agreement, Employee had “Material Contact” with a Protected Customer if (a) he she had business dealings with the Protected Customer on the BankCompany’s behalf; (b) he she was responsible for supervising or coordinating the dealings between the Bank Company and the Protected Customer; or (c) he she obtained Trade Secrets and/or or Confidential Information about the customer such Protected Customer as a result of his her association with the BankCompany.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Global Payments Inc)

Restriction on Relationships with Protected Customers. Employee understands and agrees that the relationship between the Bank and each of its Protected Customers constitutes a valuable asset of the Bank and may not be converted to Employee’s own use. Accordingly, Employee hereby agrees that, during the Restricted Period, Employee shall not, without the prior written consent of the Bank, directly or indirectly, on Employee’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or attempt to solicit, divert or take away a Protected Customer; provided, however, that the prohibition of this covenant shall apply only to Protected Customers with whom Employee had Material Contact on the Bank’s behalf during the Employment Period. For purposes of this Agreement, Employee had “Material Contact” with a Protected Customer if (a) he she had business dealings with the Protected Customer on the Bank’s behalf; (b) he she was responsible for supervising or coordinating the dealings between the Bank and the Protected Customer; or (c) he she obtained Trade Secrets and/or Confidential Information about the customer as a result of his her association with the Bank.

Appears in 2 contracts

Samples: Employment Agreement (Southside Bancshares Inc), Employment Agreement (Southside Bancshares Inc)

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Restriction on Relationships with Protected Customers. Employee understands and agrees that the relationship between the Bank Company and each of its Protected Customers constitutes a valuable asset of the Bank Company and may not be converted to Employee’s own use. Accordingly, Employee hereby agrees that, during the Restricted Period, Employee shall not, without the prior written consent of the BankCompany, directly or indirectly, on Employee’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or attempt to solicit, divert or take away a Protected Customer; provided, however, that the prohibition of this covenant shall apply only to Protected Customers with whom Employee had Material Contact on the BankCompany’s behalf during the Employment Period. For purposes of this Agreement, Employee had “Material Contact” with a Protected Customer if (a) he she had business dealings with the Protected Customer on the BankCompany’s behalf; (b) he she was responsible for supervising or coordinating the dealings between the Bank Company and the Protected Customer; or (c) he she obtained Trade Secrets and/or Confidential Information about the customer as a result of his her association with the BankCompany.

Appears in 1 contract

Samples: Employment Agreement (Southside Bancshares Inc)

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