Common use of Business Time Clause in Contracts

Business Time. From and after the Change of Control Date, the ------------- Executive agrees to devote his full attention during normal business hours to the business and affairs of the Company and to perform faithfully and efficiently the responsibilities assigned to him hereunder, to the extent necessary to discharge such responsibilities, except for periods of vacation, sick leave and other leave to which he is entitled. It is expressly understood and agreed that the Executive's continuing service on any boards and committees on which he is serving or with which he is otherwise associated immediately preceding the Change of Control Date shall not be deemed to interfere with the performance of the Executive's services to the Company.

Appears in 7 contracts

Sources: Employment Agreement (Alabama National Bancorporation), Employment Continuation Agreement (Alabama National Bancorporation), Employment Continuation Agreement (Alabama National Bancorporation)

Business Time. From and after the Change of Control Date, the ------------- Executive agrees to devote his full attention during normal business hours to the business and affairs of the Company and to perform faithfully and efficiently the responsibilities assigned to him hereunder, to the extent necessary to discharge such responsibilities, except for periods of vacation, sick leave and other leave to which he is entitled. It is expressly understood and agreed that the Executive's continuing service to serve on any boards and committees on which he is serving or with which he is otherwise associated immediately preceding the Change of Control Date shall not be deemed to interfere with the performance of the Executive's services to the Company.

Appears in 2 contracts

Sources: Key Executive Employment Protection Agreement (Uslife Corp), Employment Agreement (Protective Life Corp)

Business Time. From and after the Change of Control Date, the ------------- Executive agrees to devote his full attention during normal business hours to the business and affairs of the Company and to perform faithfully and efficiently the responsibilities assigned to him hereunder, to the extent necessary to discharge such responsibilities, except for periods of vacation, sick leave and other leave to which he is entitled. It is expressly understood and agreed that the Executive's ’s continuing service on any boards and committees on which he is serving or with which he is otherwise associated immediately preceding the Change of Control Date shall not be deemed to interfere with the performance of the Executive's ’s services to the Company.

Appears in 1 contract

Sources: Employment Continuation Agreement (Alabama National Bancorporation)