Common use of Nonsolicitation of Customers Clause in Contracts

Nonsolicitation of Customers. Employee hereby agrees that, for two (2) years following the Effective Time or for two (2) years following Employee’s affiliation with Buyer or SNB as an officer, employee, or consultant (whichever period is longer), Employee shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself, herself or of anyone other than Seller, Buyer, SNB or any Affiliated Company, in the Restricted Area (as defined in Section 2(d) below), solicit or attempt to solicit any customer or client of Seller for the purpose of either (i) providing any Business Activities (as defined in Section 2(d)) or (ii) inducing such customer or client to cease, reduce, restrict or divert its business with Seller, Buyer, SNB or any Affiliated Company. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 6 contracts

Sources: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Professional Holding Corp.)

Nonsolicitation of Customers. Employee Director hereby agrees that, for two three (23) years following the Effective Time or for two three (23) years following EmployeeDirector’s affiliation with Buyer or SNB as an officera director, employee, or consultant (whichever period is longer), Employee Director shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at in the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself, herself herself, or of anyone other than Seller, Buyer, SNB SNB, or any Affiliated Company, in the Restricted Area (as defined in Section 2(d) below), solicit or attempt to solicit any customer or client of Seller for the purpose of either (i) providing any Business Activities (as defined in Section 2(d)) or (ii) inducing such customer or client to cease, reduce, restrict restrict, or divert its business with Seller, Buyer, SNB SNB, or any Affiliated Company. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 3 contracts

Sources: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Professional Holding Corp.)

Nonsolicitation of Customers. Employee Director hereby agrees that, for two three (23) years following the Effective Time or for two three (23) years following EmployeeDirector’s affiliation with Buyer or SNB as an officera director, employee, or consultant (whichever period is longer), Employee Director shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself, herself herself, or of anyone other than Seller, Buyer, SNB SNB, or any Affiliated Company, in the Restricted Area (as defined in Section 2(d) below), solicit or attempt to solicit any customer or client of Seller for the purpose of either (i) providing any Business Activities (as defined in Section 2(d)) or (ii) inducing such customer or client to cease, reduce, restrict restrict, or divert its business with Seller, Buyer, SNB SNB, or any Affiliated Company. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 3 contracts

Sources: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida)

Nonsolicitation of Customers. Employee hereby agrees that, for two (2) years following the Effective Time or for two one (21) years year following Employee’s affiliation with Buyer or SNB as an officer, employee, or consultant (whichever period is longer), Employee shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of BuyerB▇▇▇▇’s Chief Executive Officer, directly or indirectly, on behalf of himself, herself or of anyone other than Seller, Buyer, SNB or any Affiliated Company, in the Restricted Area (as defined in Section 2(d) below), solicit or attempt to solicit any customer or client of Seller for the purpose of either (i) providing any Business Activities (as defined in Section 2(d)) or (ii) inducing such customer or client to cease, reduce, restrict or divert its business with Seller, Buyer, SNB or any Affiliated Company. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 2 contracts

Sources: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida)

Nonsolicitation of Customers. Employee Director hereby agrees that, for two the longer of (2i) three (3) years following the Effective Time or for two (2ii) years one (1) year following EmployeeDirector’s affiliation with Buyer or SNB as an officera director, employee, or consultant (whichever period is longer), Employee Director shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself, herself herself, or of anyone other than Seller, Buyer, SNB SNB, or any Affiliated Company, in the Restricted Area (as defined in Section 2(d) below), solicit or attempt to solicit any customer or client of Seller for the purpose of either (i) providing any Business Activities (as defined in Section 2(d)) or (ii) inducing such customer or client to cease, reduce, restrict restrict, or divert its business with Seller, Buyer, SNB SNB, or any Affiliated Company. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 1 contract

Sources: Merger Agreement (Seacoast Banking Corp of Florida)

Nonsolicitation of Customers. Employee hereby agrees that, for two (2) years following the Effective Time or for two (2) years following Employee’s affiliation with Buyer or SNB as an officer, employee, or consultant (whichever period is longer), Employee shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer▇▇▇▇▇’s Chief Executive Officer, directly or indirectly, on behalf of himself, herself or of anyone other than Seller, Buyer, SNB or any Affiliated Company, in the Restricted Area (as defined in Section 2(d) below), solicit or attempt to solicit any customer or client of Seller for the purpose of either (i) providing any Business Activities (as defined in Section 2(d)) or (ii) inducing such customer or client to cease, reduce, restrict or divert its business with Seller, Buyer, SNB or any Affiliated Company. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 1 contract

Sources: Merger Agreement (Seacoast Banking Corp of Florida)