Common use of Conflicting Activities Clause in Contracts

Conflicting Activities. (a) Executive may, during the Initial Term or any Renewal Term of this Agreement, be engaged in other business activities without the prior consent of the Board of Directors of the Company; provided, however, that Executive may not compete directly with the Company. Further, nothing in this Agreement shall be construed as preventing Executive from investing his personal assets in passive investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.4(b). (b) Executive hereby agrees to promote and develop all business opportunities that come to his attention relating to current or anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his duties under this Agreement. Should Executive discover a business opportunity that does not relate to the current or anticipated future business of the Company, he shall be free to pursue that opportunity without first offering such opportunity to the Company. It is expressly understood that in developing any business opportunity for himself; such development may not in any material way conflict or interfere with the duties owed by Executive to the Company under this Agreement. As used herein, the term "business opportunity" shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or other investments of a personal nature.

Conflicting Activities. (a) Executive may, during the Initial Term or any Renewal Term of this Agreement, be engaged in other business activities without the prior consent of the Board of Directors of the Company; provided, however, that Executive may not compete directly with the Company. Further, nothing in this Agreement shall be construed as preventing Executive from investing his her personal assets in passive investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.4(b). (b) Executive hereby agrees to promote and develop all business opportunities that come to his her attention relating to current or anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his her duties under this Agreement. Should Executive discover a business opportunity that does not relate to the current or anticipated future business of the Company, he she shall be free to pursue that opportunity without first offering such opportunity to the Company. It is expressly understood that in developing any business opportunity for himselfherself; such development may not in any material way conflict or interfere with the duties owed by Executive to the Company under this Agreement. As used herein, the term "business opportunity" shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or other investments of a personal nature.

Conflicting Activities. (a) Executive may, during the Initial Term or any Renewal Term of this Agreement, be engaged in other business activities without the prior consent of the Board of Directors of the Company; provided, however, that Executive may not compete directly with the Company. Further, nothing in this Agreement shall be construed as preventing Executive from investing his personal assets in passive investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.4(b). (b) Executive hereby agrees to promote and develop all business opportunities that come to his her attention relating to current or anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his her duties under this Agreement. Should Executive discover a business opportunity that does not relate to the current or anticipated future business of the Company, he she shall be free to pursue that opportunity without first offering such opportunity to the Company. It is expressly understood that in developing any business opportunity for himselfherself; such development may not in any material way conflict or interfere with the duties owed by Executive to the Company under this Agreement. As used herein, the term "business opportunity" shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or other investments of a personal nature.