Common use of Covenants Not to Compete and Not to Solicit Clause in Contracts

Covenants Not to Compete and Not to Solicit. (a) The Executive covenants and agrees that during the term of his employment, and for a period of twelve (12) months from and after the date that the Executive ceases to be employed by the Bank (the “Non-Compete Period”) for any reason other than for “cause”, he will not, directly or indirectly, in any individual or representative capacity whatsoever be directly or indirectly

Appears in 1 contract

Sources: Executive Employment Agreement (MainStreet Bancshares, Inc.)

Covenants Not to Compete and Not to Solicit. (a) The Executive covenants and agrees that during the term of his employment, and for a period of twelve (12) months from and after the date that the Executive ceases to be employed by the Bank Company (the “Non-Compete Period”) for any reason other than for “cause”, he will not, directly or indirectly, in any individual or representative capacity whatsoever be directly or indirectlyindirectly employed by a Competitive Business as an employee, consultant or in any other capacity to provide or undertake those duties customarily performed by any executive, including,

Appears in 1 contract

Sources: Executive Employment Agreement (MainStreet Bancshares, Inc.)