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Document Preview Employee Consultation, Post-Retirement Non-Competition and Death Benefit Agreement [Amended and Restated] |
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Title: |
Employee Consultation, Post-Retirement Non-Competition and Death Benefit Agreement [Amended and Restated] |
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Date: |
2005 |
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Size: |
Preview shows 3KB of 33KB total |
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Price: |
$37 |
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ID: |
#836455 |
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AMENDED AND RESTATED EMPLOYEE CONSULTATION,
POST-RETIREMENT NON-COMPETITION AND DEATH BENEFIT AGREEMENT
THIS EMPLOYEE CONSULTATION, POST-RETIREMENT NON-COMPETITION AND DEATH BENEFIT AGREEMENT (?Agreement?) is made and entered into effective as of the 1st day of July, 2005 (?Effective Date?), by and between FIRST-CITIZENS BANK & TRUST COMPANY, a North Carolina banking corporation with its principal office in Raleigh, Wake County, North Carolina (hereinafter referred to as ?Employer?); and LEWIS R. HOLDING (hereinafter referred to as ?Employee?);
W I T N E S S E T H
WHEREAS, Employee is an employee of Employer who has provided guidance, leadership and direction in the growth, management and development of Employer and has learned trade secrets, confidential procedures and information, and technical and sensitive plans of Employer; and,
WHEREAS, Employer desires to limit Employee?s availability to other employers or entities which are in competition with Employer following Employee?s retirement from employment with Employer; and,
WHEREAS, Employer has offered to Employee a non-competition arrangement and a consultation arrangement together with a death benefit arrangement for Employee?s designated beneficiary or estate, as applicable, and the parties hereto have reached an agreement concerning those arrangements and other matters contained herein and desire to set forth the terms and conditions thereof.
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