Terms of Covenant. Company and Employee have jointly reviewed the operations of Company and its Subsidiaries and have agreed that the primary service area of Company’s lending and deposit taking functions in which Employee will actively participate extends separately to an area that encompasses a five (5) mile radius from each banking or other office location, including branches, of Company and its Subsidiaries and a fifty (50) mile radius from the Company’s headquarters (collectively, the “Restrictive Area”).
Terms of Covenant. For and in consideration of the compensation and benefits paid to Employee pursuant to Article III and other covenants made herein by the Company, Employee agrees that during the term of his employment with Company and for a period of two (2) years from the date of termination of such employment for cause by Employer, without cause by Employee or on account of a Change in Control and for a period of one (1) year from the date of termination of such employment on account of termination without cause by Employer, Employee shall not engage in, or be interested as an owner, partner, consultant, stockholder, member, manager, officer, director, agent, representative, independent contractor, or employee or in any other capacity, solely or jointly with others of any business, firm, corporation, bank or other entity engaged in the bank holding company, banking, savings and loan, commercial, agricultural or consumer lending business, or in the sale of any services or products as provided by Company or its subsidiaries, directly or indirectly, within fifty (50) miles of the corporate limits of the City of Quincy, Illinois, or within five (5) miles of the main facility of any of the subsidiaries of the Company as now or hereafter existing, except the foregoing shall not restrict the Employee from being a stockholder of up to two percent (2%) of the issued and outstanding capital stock of a public company engaged in the restricted business within the restricted territory. For the purposes of this Agreement “subsidiaries” is defined as any entity in which the Company has voting control of at least fifty percent (50%) of such entity’s voting stock. Company and Employee hereby expressly acknowledge that the restrictions imposed by this Employment Agreement have been fully bargained for. Employee acknowledges that the breach of this non-competition covenant may render irrevocable harm to Company. In the event of such breach by Employee, Company shall be entitled to any and all available equitable relief, including, but not limited to, injunctive relief in addition to any other remedies that may be available under applicable laws and the agreements between Company and Employee. Company may institute any action or proceeding to enforce the above covenants or any part thereof. If said covenant or any part thereof is deemed unenforceable by a court or any tribunal having jurisdiction of such acts and proceedings, Employee agrees that the covenants or any part thereof shall be ...
Terms of Covenant. (a) In every lease or license of residential premises, whether in writing or parol, the landlord or licensor and the tenant or licensee covenant that:
(1) neither will:
(i) allow controlled substances in those premises or in the common area and curtilage of the premises in violation of any criminal provision of chapter 152;
(ii) allow prostitution or prostitution-related activity as defined in section 617.80, subdivision 4, to occur on the premises or in the common area and curtilage of the premises;
(iii) allow the unlawful use or possession of a firearm in violation of section 609.66, subdivision 1a, 609.67, or 624.713, on the premises or in the common area and curtilage of the premises; or
(iv) allow stolen property or property obtained by robbery in those premises or in the common area and curtilage of the premises; and
(2) the common area and curtilage of the premises will not be used by either the landlord or licensor or the tenant or licensee or others acting under the control of either to manufacture, sell, give away, barter, deliver, exchange, distribute, purchase, or possess a controlled substance in violation of any criminal provision of chapter 152. The covenant is not violated when a person other than the landlord or licensor or the tenant or licensee possesses or allows controlled substances in the premises, common area, or curtilage, unless the landlord or licensor or the tenant or licensee knew or had reason to know of that activity.
(b) In every lease or license of residential premises, whether in writing or parol, the tenant or licensee covenant that the tenant or licensee will not commit an act enumerated under section 504B.206, subdivision 1, paragraph (a), against a tenant or licensee or any authorized occupant.
(c) A landlord cannot prohibit a tenant from legally possessing, and a tenant cannot waive the right to legally possess, any cannabis products, lower-potency hemp edibles, or hemp-derived consumer products, or using any cannabinoid product or hemp-derived consumer product, other than consumption by combustion or vaporization of the product and inhalation of smoke, aerosol, or vapor from the product.
Terms of Covenant. Xxxxxxxx Xxxxxxx & Associates, LLC will provide counseling to the congregants of member churches.
