Common use of Business Time Clause in Contracts

Business Time. From and after the Effective Date, the Executive agrees to devote substantially all of his/her attention during normal business hours to the business and affairs of the Company, JHFS and the Affiliates and to use his/her reasonable best efforts to perform the responsibilities assigned to him hereunder, to the extent necessary to discharge such responsibilities, except for (i) time spent in managing his/her personal, financial and legal affairs and serving on corporate, civic or charitable boards or committees, in each case only if and to the extent not substantially interfering with the performance of such responsibilities, and (ii) periods of vacation and sick leave to which he/she is entitled. It is expressly understood and agreed that the Executive's continuing to serve on any boards and committees on which he/she is serving or with which he/she is otherwise associated immediately preceding the Effective Date shall not be deemed to interfere with the performance of the Executive's services for the Company, JHFS or the Affiliates.

Business Time. From and after the Effective Date, the Executive agrees to devote substantially all of his/her full attention during normal business hours to the business and affairs of the Company, JHFS and the Affiliates and to use his/her reasonable best efforts to perform faithfully and efficiently the responsibilities assigned to him hereunder, to the extent necessary to discharge such responsibilities, except for (i) time spent in managing his/her personal, financial and legal affairs and serving on corporate, civic or charitable boards or committees, in each case only if and to the extent not substantially interfering with the performance of such responsibilities, and (ii) periods of vacation and sick leave to which he/she is entitled. It is expressly understood and agreed that the Executive's continuing to serve on any boards and committees on which he/she is serving or with which he/she is otherwise associated immediately preceding the Effective Date shall not be deemed to interfere with the performance of the Executive's services for the Company, JHFS or the Affiliates.