#ENB KEY CODES PROFESSIONAL#
Executive shall not be precluded, however, upon written notification to the President and CEO, from engaging in voluntary or philanthropic endeavors, from engaging in activities designed to maintain and improve his professional skills, or from engaging in activities incident or necessary to personal investments, so long as they are, in the President and CEO’s reasonable opinion, not in conflict with or detrimental to the Executive’s rendition of services on behalf of the Corporation, the Bank and/or any of their subsidiaries or affiliates. Under no circumstances may the Executive engage in any business or commercial activities, duties or pursuits which compete with the business or commercial activities of the Corporation, the Bank and/or any of their subsidiaries or affiliates nor may the Executive serve as a director or officer or in any other capacity in a company which competes with the Corporation, the Bank and/or any of their subsidiaries or affiliates. The Executive shall seek approval of the President and CEO of the Corporation and of the Bank in writing before the Executive engages in any other business or commercial duties or pursuits, including but not limited to, directorships of other companies. Executive shall devote all of his working time, ability and attention to the business of the Corporation and the Bank and/or their subsidiaries or affiliates, during the term of this Agreement. Executive shall have such other duties and hold such other titles as may be given to him from time to time by the President or the Boards of Directors of the Corporation and the Bank provided that such duties are consistent with the Executive’s position as Senior Executive Vice President/Chief Operating Officer.Įngagement in Other Employment. Executive shall serve as the Senior Executive Vice President/Chief Operating Officer of the Corporation and of the Bank reporting only to the President and CEO, or his designee, and to the Board of Directors, or committee thereof, as may be required by law, rule, or regulation.
The Corporation and the Bank hereby employ Executive and Executive hereby accepts employment with the Corporation and the Bank, under the terms and conditions set forth in this Agreement.ĭuties of Executive. NOW THEREFORE, in consideration of the mutual covenants herein, the parties hereto, intending to be legally bound, agree as follows:Įmployment. WHEREAS, Executive wishes to serve the Corporation and the Bank in accordance with the terms and conditions herein. WHEREAS, as additional consideration for entering into this Agreement, the Corporation is providing the Executive with a Restricted Stock Unit Grant of the Corporation’s Common Stock as delineated on Schedule 2 hereto and
WHEREAS, Executive is not a party nor subject to any employment, noncompete, non-solicitation or restrictive covenant agreements, or any other restrictions or agreements that would hinder or limit his ability to fully perform his duties hereunder, except as identified on Schedule I attached hereto and deemed an integral part hereof WHEREAS, the Corporation and the Bank wish to employ the Executive as Senior Executive Vice President/Chief Operating Officer in accordance with the terms and conditions set forth herein WHEREAS, the Bank is a subsidiary of the Corporation WHEREAS, the Corporation is a bank holding company Long (“Executive”), an adult individual residing at 36 Breeze Way, Lancaster, PA 17602. (“Corporation”), The Ephrata National Bank (“Bank”), and Matthew T. THIS AGREEMENT is made as of the 28th day of October 2022 by and among ENB Financial Corp.
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