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”).
Appears in 4 contracts
Samples: Employment Agreement (Mercantile Bancorp, Inc.), Employment Agreement (Mercantile Bancorp, Inc.), Employment Agreement (Mercantile Bancorp, Inc.)
