Common use of Capacity and Duties Clause in Contracts

Capacity and Duties. Good Times shall continue to employ the Executive as President and Chief Executive Officer. During the Term of this Agreement, the Executive shall devote his best efforts to the business and affairs of Good Times and shall devote substantially all of his business time to perform the duties hereunder. Notwithstanding the foregoing, with the prior approval of the Board, the Executive may devote a reasonable portion of his time to serve on boards of directors, boards of managers or boards of trustees, or committees thereof, of companies or organizations involving no conflict of interest with the interests of Good Times. The Executive shall further be entitled to have investments in other business enterprises, provided, however, he shall not have any investment or financial interest in any business enterprise which conducts business activities directly competitive with any business activities conducted by Good Times now or at any time during the Term of this Agreement (other than an investment of no more than five percent (5%) of any class of equity securities of a company which conducts business activities directly competitive with any business activities of Good Times, provided those securities are traded on a national securities exchange).

Appears in 3 contracts

Samples: Employment Agreement (Good Times Restaurants Inc), Employment Agreement (Good Times Restaurants Inc), Employment Agreement (Good Times Restaurants Inc)

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Capacity and Duties. Good Times shall continue to employ the Executive as President and Chief Executive Financial Officer. During the Term of this Agreement, the Executive shall devote his best efforts to the business and affairs of Good Times and shall devote substantially all of his business time to perform the his duties hereunder. Notwithstanding the foregoing, with the prior approval of the Board, the Executive may devote a reasonable portion of his time to serve on boards of directors, boards of managers or boards of trustees, or committees thereof, of companies or organizations involving no conflict of interest with the interests of Good Times. The Executive shall further be entitled to have investments in other business enterprises, provided, however, provided however he shall not have any investment or financial interest in any business enterprise which conducts business activities directly competitive with any business activities conducted by Good Times now or at any time during the Term or Additional Terms of this Agreement (other than an investment of no more than five one percent (5%) of any class of equity securities of a company which conducts business activities directly competitive with any business activities of Good Times, Times provided that those securities are traded on a national securities exchangepublicly traded).

Appears in 3 contracts

Samples: Employment Agreement (Good Times Restaurants Inc.), Employment Agreement (Good Times Restaurants Inc.), Employment Agreement (Good Times Restaurants Inc)

Capacity and Duties. Good Times shall continue to employ the Executive as President and Chief Executive Officer. During the Term of this Agreement, the Executive shall devote his best efforts to the business and affairs of Good Times and shall devote substantially all of his business time to perform the his duties hereunder. Notwithstanding the foregoing, with the prior approval of the Board, the Executive may devote a reasonable portion of his time to serve on boards of directors, boards of managers or boards of trustees, or committees thereof, of companies or organizations involving no conflict of interest with the interests of Good Times. The Executive shall further be entitled to have investments in other business enterprises, provided, however, provided however he shall not have any investment or financial interest in any business enterprise which conducts business activities directly competitive with any business activities conducted by Good Times now or at any time during the Term or Additional Terms of this Agreement (other than an investment of no more than five one percent (5%) of any class of equity securities of a company which conducts business activities directly competitive with any business activities of Good Times, Times provided that those securities are traded on a national securities exchangepublicly traded).

Appears in 1 contract

Samples: Employment Agreement (Good Times Restaurants Inc.)

Capacity and Duties. Good Times shall continue to employ the Executive as President and Chief Executive OfficerOfficer and as a member of the Good Times Board of Directors. During the Term of this Agreement, the Executive shall devote his best efforts to the business and affairs of Good Times and shall devote substantially all of his business time to perform the his duties hereunder. Notwithstanding the foregoing, with the prior approval of the Board, the Executive may devote a reasonable portion of his time to serve on boards of directors, boards of managers or boards of trustees, or committees thereof, of companies or organizations involving no conflict of interest with the interests of Good Times. The Executive shall further be entitled to have investments in other business enterprises, provided, however, provided however he shall not have any investment or financial interest in any business enterprise which conducts business activities directly competitive with any business activities conducted by Good Times now or at any time during the Term or Additional Terms of this Agreement (other than an investment of no more than five one percent (5%) of any class of equity securities of a company which conducts business activities directly competitive with any business activities of Good Times, Times provided that those securities are traded on a national securities exchangepublicly traded).

Appears in 1 contract

Samples: Employment Agreement (Good Times Restaurants Inc)

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Capacity and Duties. Good Times shall continue to employ the Executive as President Controller and Chief Executive OfficerSecretary. During the Term of this Agreement, the Executive shall devote his her best efforts to the business and affairs of Good Times and shall devote substantially all of his her business time to perform the her duties hereunder. Notwithstanding the foregoing, with the prior approval of the Board, the Executive may devote a reasonable portion of his her time to serve on boards of directors, boards of managers or boards of trustees, or committees thereof, of companies or organizations involving no conflict of interest with the interests of Good Times. The Executive shall further be entitled to have investments in other business enterprises, provided, however, he provided however she shall not have any investment or financial interest in any business enterprise which conducts business activities directly competitive with any business activities conducted by Good Times now or at any time during the Term or Additional Terms of this Agreement (other than an investment of no more than five one percent (5%) of any class of equity securities of a company which conducts business activities directly competitive with any business activities of Good Times, Times provided that those securities are traded on a national securities exchangepublicly traded).

Appears in 1 contract

Samples: Employment Agreement (Good Times Restaurants Inc)

Capacity and Duties. Good Times shall continue to employ the Executive as Vice President and Chief Executive Officerof Operations. During the Term of this Agreement, the Executive shall devote his best efforts to the business and affairs of Good Times and shall devote substantially all of his business time to perform the his duties hereunder. Notwithstanding the foregoing, with the prior approval of the Board, the Executive may devote a reasonable portion of his time to serve on boards of directors, boards of managers or boards of trustees, or committees thereof, of companies or organizations involving no conflict of interest with the interests of Good Times. The Executive shall further be entitled to have investments in other business enterprises, provided, however, provided however he shall not have any investment or financial interest in any business enterprise which conducts business activities directly competitive with any business activities conducted by Good Times now or at any time during the Term or Additional Terms of this Agreement (other than an investment of no more than five one percent (5%) of any class of equity securities of a company which conducts business activities directly competitive with any business activities of Good Times, Times provided that those securities are traded on a national securities exchangepublicly traded).

Appears in 1 contract

Samples: Employment Agreement (Good Times Restaurants Inc)

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