Exhibit 10.9
EMPLOYMENT AGREEMENT
This Employment Agreement (Agreement) is by and between Travis Jaggers (Employee) and CommunityBank of Texas, N.A. (Bank). In consideration of the mutual promises made herein, the Bank and Employee agree as follows:
1.1 EMPLOYMENT. The Bank employs Employee, and Employee accepts employment with the Bank upon all of the terms and conditions described in this Agreement and for the Term as set forth on Exhibit A. |
1.3 COMPENSATION. As consideration for the services and covenants described in this Agreement, the Bank, agrees to compensate Employee in the following manner: |
Employee also will have access to, or knowledge of, Confidential Information of third parties, such as actual and potential customers, suppliers, partners, joint venturers, investors, financing sources and the like, of the Bank and its affiliates.
Employee agrees that Employee will not, at any time during or after Employee’s employment with the Bank, make any unauthorized disclosure of any Confidential Information of the Bank or its affiliates, or make any use thereof, except in the carrying out of the Employee’s employment responsibilities hereunder. Employee also agrees to preserve and protect the confidentiality of third party Confidential Information to the same extent, and on the same basis, as the Bank’s Confidential Information.
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obligations as stated on Exhibit A, Employee will not, directly or indirectly, for Employee or others, in the geographic region stated on Exhibit A, or, if Employee’s geographic region has changed, in any and all geographic regions in which Employee has worked for the 12-month period immediately preceding Employee’s termination of Employment: |
b. perform any job, task, function, or responsibility that Employee has provided for the Bank in the preceding 12-month period; or |
c. render advice or services to, or otherwise assist, any other person, association or entity in the business of “a,” or “b” above. |
Employee understands that the foregoing restrictions may limit Employee’s ability to engage in certain businesses in the geographic region and during the period provided for above, but acknowledges that these restrictions are necessary to protect the Confidential Information the Bank has provided to Employee.
Employee agrees that this provision defining the scope of activities constituting prohibited competition with the Bank is narrow and reasonable for the following reasons: Employee is free to seek employment with other companies providing services that do not directly or indirectly compete with any business of the Bank; Employee is free to seek employment with other companies in the banking business that do not directly or indirectly compete with any business of the Bank; and there are many other companies in the banking business that do not directly or indirectly compete with any business of the Bank. Thus, this restriction on Employee’s ability to compete does not prevent Employee from using and offering the skills that Employee possessed prior to receiving Confidential Information, specialized training, and knowledge from the Bank.
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4.2 INTERPRETATION. This Agreement shall be interpreted in accordance with the plain meaning of its terms and not strictly for or against either party. |
4.3 HEADINGS. The headings of this Agreement are intended solely for the convenience of reference and should be given no effect in the construction or interpretation of this Agreement. |
4.5 MODIFICATION. This Agreement may be amended only by an agreement in writing signed by Employee and the Bank. |
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DATED: January 4, 2016 | /s/ Travis Jaggers |
DATED: January 4, 2016 | /s/ Robert R. Franklin |
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Exhibit “A” to
Employment Agreement
Between CommunityBank of Texas and Travis Jaggers
CommunityBank of Texas, N.A. By:/s/ Robert R. Franklin | Travis Jaggers /s/ Travis Jaggers |