Covenants of Executive Clause Example with 9 Variations from Business Contracts

This page contains Covenants of Executive clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive hereby covenants and agrees that during the "Restricted Period," Executive shall not, without the written consent of the Bank, either directly or indirectly: (i)solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the Bank, or any of its respective subsidiaries or affiliates, to terminate his or her employment with... the Bank and/or accept employment with another employer; or (ii)become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity that competes with the business of the Bank or any of their direct or indirect subsidiaries or affiliates that: (A) has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), or (B) has one or more offices, but is not headquartered, within the Restricted Territory, but in the latter case, only if Executive would be employed, conduct business or have other responsibilities or duties within the Restricted Territory; or (iii)solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank to terminate an existing business or commercial relationship with the Bank. The restrictions contained in this Section 6(a) shall not apply in the event of Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities of the Bank, and Executive acknowledges and agrees that Executive will not, during or after the term of Executive's employment, disclose such confidential and proprietary information for any purposes whatsoever, except as may be expressly permitted in writing signed by the Bank, or as may be required by regulatory inquiry, law or court order. (c) Information/Cooperation. Executive will, upon reasonable notice, furnish such information and assistance to the Bank as may be reasonably required by the Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank or any other subsidiaries or affiliates. 8 (d) Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will be subject to Executive's compliance with this Section 6, to the extent applicable. The parties hereto, recognizing that irreparable injury will result to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. View More Arrow
Found in Marathon Bancorp, Inc. contract

Variations of a "Covenants of Executive" Clause from Business Contracts

Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive hereby covenants will truthfully and agrees accurately make, maintain and preserve all records and reports that during the "Restricted Period," Company may from time to time reasonably request or require; (b) Executive shall not, without will obey all rules, regulations and reasonable special instructions applicable to Executive, and will be loyal and faithful to the written consent Company at all times, constantly endeavoring to improve Executive's ab...ility and knowledge of the Bank, either directly or indirectly: (i)solicit, offer employment to, or take any other action intended (or that a reasonable person acting business in like circumstances would expect) an effort to have increase the effect value of causing any officer or employee Executive's services to the mutual benefit of the Bank, or Parties; (c) Executive will make available to the Company any and all of its respective subsidiaries or affiliates, the information of which Executive has knowledge relating to terminate his or her employment with the Bank and/or accept employment with another employer; or (ii)become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity that competes with the business of the Bank Company or any of their direct the Company's other Subsidiaries and will make all suggestions and recommendations which Executive feels will be of benefit to the Company; (d) Executive will fully account for all money, records, goods, wares and merchandise or indirect subsidiaries other property belonging to the Company of which Executive has custody, and will pay over and deliver the same promptly whenever and however he may be reasonably directed to do so; (e) Executive acknowledges that as a condition of employment, he must sign and comply with the Executive Confidential Information and Inventions Assignment Agreement attached hereto as Exhibit A, which prohibits unauthorized use or affiliates that: (A) has a headquarters within 30 miles disclosure of the Bank's headquarters (the "Restricted Territory"), Company's proprietary information, among other obligations; (f) Executive agrees that upon termination of his employment hereunder he will immediately surrender and turn over to the Company all books, records, forms, specifications, formulae, data, processes, papers and writings related to the business of the Company, and all other property belonging to the Company, together with all copies of the foregoing, it being understood and agreed that the same are the sole property, directly or (B) indirectly, of the Company; 6 (g) Executive understands that in his performing work for the Company, he will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to Executive has one or more offices, but an obligation of confidentiality. Rather, Executive further understands that he will be expected to use only that information which is not headquartered, within the Restricted Territory, but generally known and used by persons with training and experience comparable to his own, which is common knowledge in the latter case, only if industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. Executive would be employed, conduct business agrees that he will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom Executive has an obligation of confidentiality. Executive hereby represents that he have other responsibilities or duties within disclosed to the Restricted Territory; or (iii)solicit, provide Company any information, advice or recommendation or take any other action intended (or contract he has signed that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer may restrict Executive's activities on behalf of the Bank to terminate an existing business or commercial relationship with Company. (h) Executive acknowledges and understands that the Bank. The restrictions contained in this Section 6(a) shall not apply in the event of Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary securities of the Date Company are publicly traded and subject to the Securities Act of Termination. (b) Confidentiality. Executive recognizes 1933 and acknowledges that Executive has been and will be the recipient Securities Exchange Act of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities of the Bank, and 1934. As a result, Executive acknowledges and agrees that Executive will not, during or after (i) he is required under applicable securities laws to refrain from trading in securities of the term Company while in possession of Executive's employment, disclose such confidential material nonpublic information and proprietary to refrain from disclosing any material nonpublic information for any purposes whatsoever, to anyone except as may be expressly permitted in writing signed by the Bank, or as may be required by regulatory inquiry, law or court order. (c) Information/Cooperation. Executive will, upon reasonable notice, furnish such information and assistance to the Bank as may be reasonably required by the Bank, this Agreement in connection with any litigation in which it or any the performance of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not be required to provide information or assistance with respect Executive's duties hereunder, and (ii) he will communicate to any litigation between person to whom Executive and the Bank or communicates any other subsidiaries or affiliates. 8 (d) Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will be subject to Executive's compliance with this Section 6, to the extent applicable. The parties hereto, recognizing material nonpublic information that irreparable injury will result to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, information is material nonpublic information and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available trading and disclosure restrictions in clause (i) above also apply to them for such breach or threatened breach, including the recovery of damages from Executive. person. View More Arrow
Found in Quantum Computing Inc. contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive (a)Non-Solicitation/Non-Compete. (i)Executive hereby covenants and agrees that that, during the "Restricted Period," Period" and except as provided in clause (ii) below, Executive shall not, without the written consent of the Bank, FLIC, either directly or indirectly: (i)solicit, (A) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any o...fficer or employee of the Bank, FLIC, or any of its respective subsidiaries or affiliates, to terminate his or her employment with the Bank FLIC and/or accept employment with another employer; or (ii)become (B) become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank FLIC or any of their direct or indirect subsidiaries or affiliates that: (A) affiliates, or that has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), headquarters, or (B) has one or more 7 offices, but is not headquartered, within the Restricted Territory, but New York City or in the latter case, only if Executive would be employed, conduct business Counties of Nassau or have other responsibilities Suffolk, New York (the "Restricted Territory"); or duties within the Restricted Territory; or (iii)solicit, (C) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank FLIC to terminate an existing business or commercial relationship with the Bank. The FLIC. (ii)The restrictions contained in this Section 6(a) 6(a)(i)(B) above shall not apply in the event of a Termination for Cause, or in the event of a termination of employment following a Change in Control. (iii)For purposes of this paragraph (a), the "Restricted Period" shall be a period of one (1) year following Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. FLIC.  (b)Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities knowledge of the Bank, business activities, plans for business activities, and Executive acknowledges all other proprietary information of FLIC, as it may exist from time to time, is valuable, special and agrees that unique assets of the business of FLIC. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of FLIC to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of FLIC. Further, Executive may disclose information regarding the business activities of FLIC to any bank regulator having regulatory inquiry, law jurisdiction over the activities of FLIC pursuant to a formal regulatory request. In the event of a breach or court order. (c) Information/Cooperation. threatened breach by Executive will, of the provisions of this Section, FLIC will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of FLIC or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting FLIC from pursuing any other remedies available to FLIC for such breach or threatened breach, including the recovery of damages from Executive.  (c)Information/Cooperation. Executive shall, upon reasonable notice, furnish such information and assistance to the Bank FLIC as may be reasonably required by the Bank, FLIC, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; party, and she shall be reimbursed for any expenses incurred in providing such information and assistance; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank FLIC or any other subsidiaries or affiliates. 8 (d) Reliance.  (d)Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The 8 7. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto, recognizing hereto and supersedes any prior employment agreement between FLIC or any predecessor of FLIC and Executive, except that irreparable injury will result this Agreement shall not affect or operate to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of reduce any such breach by Executive, the Bank will be entitled, in addition benefit or compensation inuring to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. kind expressly provided elsewhere. View More Arrow
Found in FIRST OF LONG ISLAND CORP contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive (a)Non-Solicitation/Non-Compete. (i)Executive hereby covenants and agrees that that, during the "Restricted Period," Period" and except as provided in clause (ii) below, Executive shall not, without the written consent of the Bank, FLIC, either directly or indirectly: (i)solicit, (A) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any o...fficer or employee of the Bank, FLIC, or any of its respective subsidiaries or affiliates, to terminate his her or her employment with the Bank FLIC and/or accept employment with another employer; or (ii)become (B) become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank FLIC or any of their direct or indirect subsidiaries or affiliates that: (A) affiliates, or that has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), headquarters, or (B) has one or more 7 offices, but is not headquartered, within the Restricted Territory, but New York City or in the latter case, only if Executive would be employed, conduct business Counties of Nassau or have other responsibilities Suffolk, New York (the "Restricted Territory"); or duties within the Restricted Territory; or (iii)solicit, (C) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank FLIC to terminate an existing business or commercial relationship with the Bank. The FLIC. (ii)The restrictions contained in this Section 6(a) 6(a)(i)(B) above shall not apply in the event of a Termination for Cause, or in the event of a termination of employment following a Change in Control. (iii)For purposes of this paragraph (a), the "Restricted Period" shall be a period of one (1) year following Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. FLIC.  (b)Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities knowledge of the Bank, business activities, plans for business activities, and Executive acknowledges all other proprietary information of FLIC, as it may exist from time to time, is valuable, special and agrees that unique assets of the business of FLIC. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of FLIC to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of FLIC. Further, Executive may disclose information regarding the business activities of FLIC to any bank regulator having regulatory inquiry, law jurisdiction over the activities of FLIC pursuant to a formal regulatory request. In the event of a breach or court order. (c) Information/Cooperation. threatened breach by Executive will, of the provisions of this Section, FLIC will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of FLIC or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting FLIC from pursuing any other remedies available to FLIC for such breach or threatened breach, including the recovery of damages from Executive.  (c)Information/Cooperation. Executive shall, upon reasonable notice, furnish such information and assistance to the Bank FLIC as may be reasonably required by the Bank, FLIC, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; party, and she shall be reimbursed for any expenses incurred in providing such information and assistance; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank FLIC or any other subsidiaries or affiliates. 8 (d) Reliance.  (d)Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The 8 7. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto, recognizing hereto and supersedes any prior employment agreement between FLIC or any predecessor of FLIC and Executive, except that irreparable injury will result this Agreement shall not affect or operate to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of reduce any such breach by Executive, the Bank will be entitled, in addition benefit or compensation inuring to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. kind expressly provided elsewhere. View More Arrow
Found in FIRST OF LONG ISLAND CORP contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive (a)Non-Solicitation/Non-Compete. (i)Executive hereby covenants and agrees that that, during the "Restricted Period," Period" and except as provided in clause (ii) below, Executive shall not, without the written consent of the Bank, FLIC, either directly or indirectly: (i)solicit, (A) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any o...fficer or employee of the Bank, FLIC, or any of its respective subsidiaries or affiliates, to terminate his or her employment with the Bank FLIC and/or accept employment with another employer; or (ii)become (B) become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank FLIC or any of their direct or indirect subsidiaries or affiliates that: (A) affiliates, or that has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), headquarters, or (B) has one or more offices, but is not headquartered, within the Restricted Territory, but New York City or in the latter case, only if Executive would be employed, conduct business Counties of Nassau or have other responsibilities Suffolk, New York (the "Restricted Territory"); or duties within the Restricted Territory; or (iii)solicit, 7 (C) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank FLIC to terminate an existing business or commercial relationship with the Bank. The FLIC. (ii)The restrictions contained in this Section 6(a) 6(a)(i)(B) above shall not apply in the event of a Termination for Cause, or in the event of a termination of employment following a Change in Control. (iii)For purposes of this paragraph (a), the "Restricted Period" shall be a period of one (1) year following Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. FLIC. (b)Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities knowledge of the Bank, business activities, plans for business activities, and Executive acknowledges all other proprietary information of FLIC, as it may exist from time to time, is valuable, special and agrees that unique assets of the business of FLIC. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of FLIC to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of FLIC. Further, Executive may disclose information regarding the business activities of FLIC to any bank regulator having regulatory inquiry, law jurisdiction over the activities of FLIC pursuant to a formal regulatory request. In the event of a breach or court order. (c) Information/Cooperation. threatened breach by Executive will, of the provisions of this Section, FLIC will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of FLIC or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting FLIC from pursuing any other remedies available to FLIC for such breach or threatened breach, including the recovery of damages from Executive. (c)Information/Cooperation. Executive shall, upon reasonable notice, furnish such information and assistance to the Bank FLIC as may be reasonably required by the Bank, FLIC, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; party, and he shall be reimbursed for any expenses incurred in providing such information and assistance; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank FLIC or any other subsidiaries or affiliates. 8 (d) Reliance. (d)Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The  7. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto, recognizing hereto and supersedes any prior employment agreement between FLIC or any predecessor of FLIC and 8 Executive, except that irreparable injury will result this Agreement shall not affect or operate to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of reduce any such breach by Executive, the Bank will be entitled, in addition benefit or compensation inuring to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. kind expressly provided elsewhere. View More Arrow
Found in FIRST OF LONG ISLAND CORP contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive (a)Non-Solicitation/Non-Compete. (i)Executive hereby covenants and agrees that that, during the "Restricted Period," Period" and except as provided in clause (ii) below, Executive shall not, without the written consent of the Bank, FLIC, either directly or indirectly: (i)solicit, (A) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any o...fficer or employee of the Bank, FLIC, or any of its respective subsidiaries or affiliates, to terminate his or her employment with the Bank FLIC and/or accept employment with another employer; or (ii)become (B) become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank FLIC or any of their direct or indirect subsidiaries or affiliates that: (A) affiliates, or that has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), headquarters, or (B) has one or more offices, but is not headquartered, within the Restricted Territory, but 7 New York City or in the latter case, only if Executive would be employed, conduct business Counties of Nassau or have other responsibilities Suffolk, New York (the "Restricted Territory"); or duties within the Restricted Territory; or (iii)solicit, (C) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank FLIC to terminate an existing business or commercial relationship with the Bank. The FLIC. (ii)The restrictions contained in this Section 6(a) 6(a)(i)(B) above shall not apply in the event of a Termination for Cause, or in the event of a termination of employment following a Change in Control. (iii)For purposes of this paragraph (a), the "Restricted Period" shall be a period of one (1) year following Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. FLIC. (b)Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities knowledge of the Bank, business activities, plans for business activities, and Executive acknowledges all other proprietary information of FLIC, as it may exist from time to time, is valuable, special and agrees that unique assets of the business of FLIC. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of FLIC to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of FLIC. Further, Executive may disclose information regarding the business activities of FLIC to any bank regulator having regulatory inquiry, law jurisdiction over the activities of FLIC pursuant to a formal regulatory request. In the event of a breach or court order. (c) Information/Cooperation. threatened breach by Executive will, of the provisions of this Section, FLIC will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of FLIC or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting FLIC from pursuing any other remedies available to FLIC for such breach or threatened breach, including the recovery of damages from Executive. (c)Information/Cooperation. Executive shall, upon reasonable notice, furnish such information and assistance to the Bank FLIC as may be reasonably required by the Bank, FLIC, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; party, and she shall be reimbursed for any expenses incurred in providing such information and assistance; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank FLIC or any other subsidiaries or affiliates. 8 (d) Reliance. (d)Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The  8 7. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto, recognizing hereto and supersedes any prior employment agreement between FLIC or any predecessor of FLIC and Executive, except that irreparable injury will result this Agreement shall not affect or operate to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of reduce any such breach by Executive, the Bank will be entitled, in addition benefit or compensation inuring to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. kind expressly provided elsewhere. View More Arrow
Found in FIRST OF LONG ISLAND CORP contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive (a)Non-Solicitation/Non-Compete. (i)Executive hereby covenants and agrees that that, during the "Restricted Period," Period" and except as provided in clause (ii) below, Executive shall not, without the written consent of the Bank, FLIC, either directly or indirectly: (i)solicit, (A) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any o...fficer or employee of the Bank, FLIC, or any of its respective subsidiaries or affiliates, to terminate his or her his employment with the Bank FLIC and/or accept employment with another employer; or (ii)become (B) become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank FLIC or any of their direct or indirect subsidiaries or affiliates that: (A) affiliates, or that has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), headquarters, or (B) has one or more offices, but is not headquartered, within New York City, the Restricted Territory, but in the latter case, only if Executive would be employed, conduct business Counties of Nassau or have other responsibilities Suffolk, New York, (the "Restricted Territory"); or duties within the Restricted Territory; or (iii)solicit, (C) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank FLIC to terminate an existing business or commercial relationship with the Bank. The FLIC. (ii)The restrictions contained in this Section 6(a) 6(a)(i)(B) above shall not apply in the event of a Termination for Cause, or in the event of a termination of employment following a Change in Control. (iii) For purposes of this paragraph (a), the "Restricted Period" shall be a period of one (1) year following Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. FLIC. (b)Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities knowledge of the Bank, business activities, plans for business activities, and Executive acknowledges all other proprietary information of FLIC, as it may exist from time to time, is valuable, special and agrees that unique assets of the business of FLIC. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of FLIC to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of FLIC. Further, Executive may disclose information regarding the business activities of FLIC to any bank regulator having regulatory inquiry, law jurisdiction over the activities of FLIC pursuant to a formal regulatory request. In the event of a breach or court order. (c) Information/Cooperation. threatened breach by Executive will, of the provisions of this Section, FLIC will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of FLIC or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting FLIC from pursuing any other remedies available to FLIC for such breach or threatened breach, including the recovery of damages from Executive. (c)Information/Cooperation. Executive shall, upon reasonable notice, furnish such information and assistance to the Bank FLIC as may be reasonably required by the Bank, FLIC, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; party, and he shall be reimbursed for any expenses incurred in providing such information and assistance; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank FLIC or any other subsidiaries or affiliates. 8 (d) Reliance. (d)Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The  7. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto, recognizing hereto and supersedes any prior employment agreement between FLIC or any predecessor of FLIC and Executive, except that irreparable injury will result this Agreement shall not affect or operate to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of reduce any such breach by Executive, the Bank will be entitled, in addition benefit or compensation inuring to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. kind expressly provided elsewhere. View More Arrow
Found in FIRST OF LONG ISLAND CORP contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive (a)Non-Solicitation/Non-Compete. (i)Executive hereby covenants and agrees that that, during the "Restricted Period," Period" and except as provided in clause (ii) below, Executive shall not, without the written consent of the Bank, FLIC, either directly or indirectly: (i)solicit, (A) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any o...fficer or employee of the Bank, FLIC, or any of its respective subsidiaries or affiliates, to terminate his or her employment with the Bank FLIC and/or accept employment with another employer; or (ii)become (B) become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, commercial bank, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity (excluding not-for-profit entities other than credit unions) that competes with the business of the Bank FLIC or any of their direct or indirect subsidiaries or affiliates that: (A) affiliates, or that has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), headquarters, or (B) has one or more offices, but is not headquartered, within the Restricted Territory, but New York City or in the latter case, only if Executive would be employed, conduct business Counties of Nassau or have other responsibilities Suffolk, New York (the "Restricted Territory"); or duties within the Restricted Territory; or (iii)solicit, 7 (C) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank FLIC to terminate an existing business or commercial relationship with the Bank. The FLIC. (ii)The restrictions contained in this Section 6(a) 6(a)(i)(B) above shall not apply in the event of a Termination for Cause, or in the event of a termination of employment following a Change in Control. (iii)For purposes of this paragraph (a), the "Restricted Period" shall be a period of one (1) year following Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. FLIC. (b)Confidentiality. Executive recognizes and acknowledges that Executive has been and will be the recipient of confidential and proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities knowledge of the Bank, business activities, plans for business activities, and Executive acknowledges all other proprietary information of FLIC, as it may exist from time to time, is valuable, special and agrees that unique assets of the business of FLIC. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of FLIC to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of FLIC. Further, Executive may disclose information regarding the business activities of FLIC to any bank regulator having regulatory inquiry, law jurisdiction over the activities of FLIC pursuant to a formal regulatory request. In the event of a breach or court order. (c) Information/Cooperation. threatened breach by Executive will, of the provisions of this Section, FLIC will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of FLIC or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting FLIC from pursuing any other remedies available to FLIC for such breach or threatened breach, including the recovery of damages from Executive. (c)Information/Cooperation. Executive shall, upon reasonable notice, furnish such information and assistance to the Bank FLIC as may be reasonably required by the Bank, FLIC, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; party, and he shall be reimbursed for any expenses incurred in providing such information and assistance; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank FLIC or any other subsidiaries or affiliates. 8 (d) Reliance. (d)Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The  7. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto, recognizing that irreparable injury will result hereto relating to and supersedes any prior employment or similar agreement between FLIC or any predecessor of 8 FLIC and Executive, including the Bank, its business and property Change in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Control Agreement dated June 5, 2017 between Executive and all persons acting for the Company, except that this Agreement shall not affect or with Executive. operate to reduce any benefit or compensation inuring to Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. kind expressly provided elsewhere. View More Arrow
Found in FIRST OF LONG ISLAND CORP contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive hereby covenants and agrees that during the "Restricted Period," Executive shall not, without the written consent of the Bank, either directly or indirectly: (i)solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the Bank, or any of its respective subsidiaries or affiliates, to terminate his or her employment with... the Bank and/or accept employment with another employer; or (ii)become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity that competes with the business of the Bank or any of their direct or indirect subsidiaries or affiliates that: (A) has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), or (B) has one or more offices, but is not headquartered, within the Restricted Territory, but in the latter case, only if Executive would be employed, conduct business or have other responsibilities or duties within the Restricted Territory; or (iii)solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank to terminate an existing business or commercial relationship with the Bank. The restrictions contained in this Section 6(a) shall not apply in the event of Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. Executive recognizes and acknowledges that Executive has been the knowledge of the business activities, plans for business activities, and will be the recipient of confidential and all other proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities of the Bank, as it may exist from time to time, are valuable, special and Executive acknowledges and agrees that unique assets of the business of the Bank. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of the Bank to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board of Directors or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the Bank. Further, Executive may disclose information regarding the business activities of the Bank to any bank regulator having regulatory inquiry, law jurisdiction over the activities of the Bank. In the event of a breach or court order. (c) threatened breach by Executive of the provisions of this Section, the Bank will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of the Bank or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to the Bank for such breach or threatened breach, including the recovery of damages from Executive. (b) Information/Cooperation. Executive will, shall, upon reasonable notice, furnish such information and assistance to the Bank as may be reasonably required by the Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank or any other subsidiaries or affiliates. 8 (d) (c) Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The parties hereto, recognizing that irreparable injury will result to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. 10 7. SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid by check or direct deposit from the general funds of the Bank (or any successor of the Bank). View More Arrow
Found in BV Financial, Inc. contract
Covenants of Executive. (a) Non-Solicitation/Non-Compete. Executive hereby covenants and agrees that during the "Restricted Period," Executive shall not, without the written consent of the Bank, either directly or indirectly: (i)solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the Bank, or any of its respective subsidiaries or affiliates, to terminate his or her employment with... the Bank and/or accept employment with another employer; or (ii)become an officer, employee, consultant, director, trustee, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings and loan holding company, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity that competes with the business of the Bank or any of their direct or indirect subsidiaries or affiliates that: (A) has a headquarters within 30 miles of the Bank's headquarters (the "Restricted Territory"), or (B) has one or more offices, but is not headquartered, within the Restricted Territory, but in the latter case, only if Executive would be employed, conduct business or have other responsibilities or duties within the Restricted Territory; or (iii)solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any customer of the Bank to terminate an existing business or commercial relationship with the Bank. The restrictions contained in this Section 6(a) shall not apply in the event of Executive's termination of employment on or after the effective time of a Change in Control. For purposes of this Section 6(a), the "Restricted Period" will be: (i) at all times during Executive's period of employment with the Bank; and (ii) except as provided above, during the period beginning on Executive's Date of Termination and ending on the one-year anniversary of the Date of Termination. (b) Confidentiality. Executive recognizes and acknowledges that Executive has been the knowledge of the business activities, plans for business activities, and will be the recipient of confidential and all other proprietary business information concerning the Bank, including without limitation, past, present, planned or considered business activities of the Bank, as it may exist from time to time, are valuable, special and Executive acknowledges and agrees that unique assets of the business of the Bank. Executive will not, during or after the term of Executive's employment, disclose such confidential and any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of the Bank to any person, firm, corporation, or other entity for any purposes whatsoever, except as may be reason or purpose whatsoever unless expressly permitted in writing signed authorized by the Bank, Board of Directors or as may be required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities of the Bank. Further, Executive may disclose information regarding the business activities of the Bank to any bank regulator having regulatory inquiry, law jurisdiction over the activities of the Bank. In the event of a breach or court order. (c) threatened breach by Executive of the provisions of this Section, the Bank will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of the Bank or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to the Bank for such breach or threatened breach, including the recovery of damages from Executive. 9 (b) Information/Cooperation. Executive will, shall, upon reasonable notice, furnish such information and assistance to the Bank as may be reasonably required by the Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank or any other subsidiaries or affiliates. 8 (d) (c) Reliance. Except as otherwise provided, all payments and benefits to Executive under this Agreement will shall be subject to Executive's compliance with this Section 6, to the extent applicable. The parties hereto, recognizing that irreparable injury will result to the Bank, its business and property in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. View More Arrow
Found in BV Financial, Inc. contract