CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND INITIAL SHAREHOLDERS HAVE NO EXCLUSIVE DUTY TO COMPANY Sample Clauses

CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND INITIAL SHAREHOLDERS HAVE NO EXCLUSIVE DUTY TO COMPANY. The Chief Executive Officer and Chief Financial Officer shall not be required to manage the Company as his sole and exclusive function, and the Chief Executive Officer, Chief Financial Officer and the Initial Shareholders may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Initial Shareholder shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of the Chief Executive Officer, Chief Financial Officer or any other Initial Shareholder to the income or proceeds derived therefrom. Neither the Chief Executive Officer, Chief Financial Officer nor any Initial Shareholder shall be obligated to present any particular investment opportunity to the Company even if such opportunity is of a character which, if presented to the Company, could be taken by the Company and the Chief Executive Officer, Chief Financial Officer and any Initial Shareholder shall have the right to take for his own account (individually or as a trustee) or to recommend to others any such particular investment opportunity. Nothing herein shall prevent the Company from employing any entity in which the Chief Executive Officer, Chief Financial Officer or Initial Shareholder may have an interest as a partner, Initial Shareholder, officer, director or otherwise.
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Related to CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND INITIAL SHAREHOLDERS HAVE NO EXCLUSIVE DUTY TO COMPANY

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