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EXHIBIT 10.1
NON-COMPETITION AND CONFIDENTIALITY AGREEMENT
THIS NON-COMPETITION AND CONFIDENTIALITY AGREEMENT (this "Agreement")
is made as of the 1st day of April, 2004 by and between WESBANCO BANK, INC. (the
"Company") and ROBERT P. BREZING (the "Employee").
WHEREAS, Employee is employed by Cornerstone Bank (the "Bank")
pursuant to an Employment Agreement dated October 22, 1999, as amended by
Agreements dated November 6, 2003, September 26, 2002, and January 26, 1999
(collectively the "Agreements"), and
WHEREAS, the Bank is a wholly owned subsidiary of Western Ohio
Financial Corporation ("WOFC") which has entered into an Agreement and Plan of
Merger dated the 1st day of April, 2004, with Wesbanco, Inc. ("Wesbanco") which
provides for the merger (the "Bank Merger") of the Bank with and into Wesbanco's
banking subsidiary, the Company, and
WHEREAS, effective upon consummation of such Bank Merger, the parties
desire to mutually terminate the Agreements, enter into a new two (2) year
Employment Agreement in the form attached hereto as Exhibit A and provide for a
non-competition and confidentiality agreement to insure the competitive position
of the Company subsequent to said Bank Merger.
NOW, THEREFORE, in consideration of the foregoing, the mutual
covenants set forth herein, and the further payment of the sum of One Hundred
Forty Thousand Two Hundred Ninety-five Dollars ($140,295.00) to be paid as of
the effective date of the Bank Merger
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whereupon this Agreement shall become effective, the parties to this Agreement
agree as follows:
1. ACKNOWLEDGMENTS. The Employee acknowledges that: (a) the Company is
presently engaged in the following businesses: (i) financial services, real
estate, commercial and consumer lending and related financial services and
products; and (ii) other related products and services (collectively, the
"Present Business of the Company"); (b) as a key employee of the Company, the
Employee has been and will continue to be in a position of trust and confidence
in which the Employee has been and will learn of, have access to, and develop
proprietary, confidential, and trade secret information related to the business
and operation of the Company; (c) the Company would be seriously and irreparably
injured by unauthorized or inappropriate disclosure of any such information; (d)
the documents and information regarding the Company's customers, suppliers,
services, products, techniques, methods of operation, business plans and
forecasts, sales, pricing, and costs are highly confidential and constitute
trade secrets; (e) the Employee has developed and will further develop
relationships of special trust and confidence with the Company's customers and
its employees, and such relationships of trust and confidence are of great value
and importance to the Company and are for the Company's exclusive benefit; (f)
in exchange for the covenants and other promises made by the Employee in this
Agreement the Employee has received valuable rights; (g) the Employee has read
and understands the provisions of this Agreement and the Employee has been given
an opportunity for the Employee's legal counsel to review this Agreement; and
(h) the provisions of this Agreement are reasonable.
2. DISCLOSURE OF CONFIDENTIAL INFORMATION. Confidential Information
(as defined below) shall at all times remain the property of the Company. The
Employee will
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safeguard and maintain on the premises of the Company, to the extent possible in
the performance of the Employee's work for the Company, all documents and things
that contain or embody Confidential Information. Except as required as part of
the Employee's duties to the Company, the Employee will not, during the
Employee's employment by the Company or thereafter, directly or indirectly use,
divulge, disseminate, disclose, lecture upon, or publish any Confidential
Information without having first obtained written permission from the Company to
do so. Upon termination of employment, or upon request by the Company, the
Employee will deliver to the Company all materials containing Confidential
Information then in the Employee's possession or under the Employee's control.
"Confidential Information" shall mean all information disclosed to the
Employee or known by the Employee as a consequence of or through the Employee's
employment by the Company, which is not generally known in the industry in which
the Company and/or an affiliate (i.e., another company the majority interest of
which is owned by the Company or by a direct or indirect parent or subsidiary of
the Company) is or may become engaged, about the Company's or an affiliates'
business, products, processes, and services, including but not limited to
information relating to research, development, inventions, computer program
designs, flow charts, source and object codes, products and services under
development, pricing and pricing strategies, marketing and selling strategies,
power generating, servicing, purchasing, accounting, engineering, costs and
costing strategies, sources of supply, customer lists, customer requirements,
business methods or practices, training and training programs, and related
documentation. It includes, but is not limited to, proprietary information and
trade secrets of the Company and its affiliates. It will be presumed that
information supplied to the Company and its
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affiliates from outside sources is Confidential Information unless and until it
is designated otherwise.
3. RESTRICTIONS ON COMPETITION. The Employee covenants and agrees that
while employed by the Company and for a period of one (1) year from and after
the effective date of the Bank Merger, whichever is longer, the Employee shall
not engage, directly or indirectly, whether as principal or as agent, officer,
director, employee, consultant, shareholder, independent contractor, or
otherwise, alone or in association with any other domestic or foreign person,
corporation or other entity, in a Competing Business (as defined below) located
in the state of Ohio and which maintains an office within a radius of fifty (50)
miles of the City of Springfield; provided, however, that the Employee shall
have the right to accept employment with a Competing Business whose business is
diversified (the "Diversified Busine






