3No Other Employment; Time Commitment Sample Clauses

3No Other Employment; Time Commitment. For so long as the Executive is employed with the Corporation, the Executive shall both (a) devote substantially all of her business time, energy and skill to the performance of the Executive’s duties for the Corporation and (b) hold no other employment positions with any other entity (other than an affiliate of the Corporation, if so requested by the Corporation). Further, the Executive’s service on the boards of directors (or similar bodies) of other business entities is subject to, (i) in the case of for-profit business entities, the prior approval of the Board not to be unreasonably withheld, and (ii) in the case of not-for-profit business entities, prior written notice to the Board. The Corporation shall have the right to require the Executive to resign from any board or similar body on which the Executive may then serve if the Board reasonably determines, in good faith, that such service (A) creates a material conflict of interest or otherwise directly and materially interferes with the effective discharge of the Executive’s duties and responsibilities to the Corporation in accordance with this Agreement or (B) is in respect of a business then in competition with any business of the Corporation. For the avoidance of doubt, the Executive may manage her passive investments and participate in charitable and/or civic activities, in each case, to the extent that such activities do not, individually or in the aggregate, materially interfere with the performance of the Executive’s duties under this Agreement, create a material conflict of interest or violate the PIIA (as defined in Section 6.2) or any other restrictive covenant by which the Executive is bound in favor of the Corporation. For purposes of this Agreement, the Corporation and the Executive agree that the Executive may participate on the boards set forth on Exhibit A hereto.