Common use of Conflicting Activities Clause in Contracts

Conflicting Activities. (1) Executive shall not, during the term of this Agreement, be engaged in any other business activity without the prior consent of the Board of Directors of the Company; provided, however, that this restriction shall not be construed as preventing Executive from investing his personal assets in investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.5.(2). (2) 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 Executive's duties under this Agreement. Should Executive discover a business opportunity that relates to the current or anticipated future business of the Company, he shall first offer such opportunity to the Company. Should the Board of Directors of the Company not exercise its right to pursue this business opportunity within a reasonable period of time, not to exceed sixty (60) days, then Executive may develop the business opportunity for Executive; provided, however, that such development may in no way conflict or interfere with the duties owed by Executive to the Company under this Agreement. Further, Executive may develop such business opportunities only on Executive's own time, and Executive may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in the development of those business opportunities. 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. (1) Executive shall not, during For the term of this AgreementAgreement or until Executive's employment hereunder terminates, be engaged in any other business activity without the prior consent of the Board of Directors of the Company; providedwhichever occurs first, however, that this restriction shall not be construed as preventing Executive from investing his personal assets in investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.5.(2). (2) 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 interest of the Company and with Executive's his duties under this Agreement. Should If Executive discover becomes aware of a business opportunity during the performance of his Company duties, through the use of the Company's property or information, or under circumstances that relates would reasonably lead Executive to believe that the current or anticipated future business of opportunity was intended by the offeror to be offered to the Company, he shall first offer such opportunity to the Company. Should the Board of Directors Chief Executive Officer of the Company Company, on behalf of the Company, not exercise its right to pursue this business opportunity within a reasonable period of time, not to exceed sixty thirty (6030) days, then Executive may develop the business opportunity for Executivehimself; provided, however, that such development may in no way conflict or interfere with the duties owed by Executive to the Company under this Agreement. Further, Executive may develop such business opportunities only on Executive's his own time, and Executive may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in the development of those business opportunitiestheir development. 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. (1a) Executive shall notmay, during the term Initial Term or any Renewal Term of this Agreement, be engaged in any other business activity 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 restriction Agreement shall not 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 4.5.(24.4(b). (2b) 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 Executive's his duties under this Agreement. Should Executive discover a business opportunity that relates does not relate to the current or anticipated future business of the Company, he shall first offer such opportunity to the Company. Should the Board of Directors of the Company not exercise its right to pursue this business opportunity within a reasonable period of time, not to exceed sixty (60) days, then Executive may develop the business opportunity for Executivehimself; provided, however, that such development may in no way conflict or interfere with the duties owed by Executive to the Company under this Agreement. Further, Executive may develop such business opportunities only on Executive's his own time, and Executive may not use any service, personnel, equipment, supplies, facility, facility or trade secrets of the Company in the development of those business opportunitiestheir development. 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. (1) Executive shall not, during the term of this Agreement, be engaged in any other business activity without the prior consent of the Board of Directors of the Company; provided, however, that this restriction shall not 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 4.5.(2paragraph 4.5(b). (2) 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 Executive's his duties under this Agreement. Should Executive discover a business opportunity that relates does not relate to the current or anticipated future business of the Company, he shall first offer such opportunity to the Company. Should the Board of Directors of the Company not exercise its right to pursue this business opportunity within a reasonable period of time, not to exceed sixty (60) days, then Executive may develop the business opportunity for Executivehimself; provided, however, that such development may in no way conflict or interfere with the duties owed by Executive to the Company under this Agreement. Further, Executive may develop such business opportunities only on Executive's his own time, and Executive may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in the development of those business opportunitiestheir development. 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. (1) Executive shall not, during For the term of this AgreementAgreement or until Employee's employment hereunder terminates, be engaged in any other business activity without the prior consent of the Board of Directors of the Company; providedwhichever occurs first, however, that this restriction shall not be construed as preventing Executive from investing his personal assets in investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.5.(2). (2) Executive Employee 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 interest of the Company and with Executive's his duties under this Agreement. Should Executive discover If Employee becomes aware of a business opportunity during the performance of his Company duties, through the use of the Company's property or information, or under circumstances that relates would reasonably lead Employee to believe that the current or anticipated future business of opportunity was intended by the offeror to be offered to the Company, he shall first offer such opportunity to the Company. Should the Executive Committee of the Board of Directors of the Company Company, on behalf of the Company, not exercise its right to pursue this business opportunity within a reasonable period of time, not to exceed sixty thirty (6030) days, then Executive Employee may develop the business opportunity for Executivehimself; provided, however, that such development may in no way conflict or interfere with the duties owed by Executive Employee to the Company under this Agreement. Further, Executive Employee may develop such business opportunities only on Executive's his own time, and Executive may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in the development of those business opportunitiestheir development. 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. (1) Executive shall not, during For the term of this AgreementAgreement or until Executive's employment hereunder terminates, be engaged in any other business activity without the prior consent of the Board of Directors of the Company; providedwhichever occurs first, however, that this restriction shall not be construed as preventing Executive from investing his personal assets in investments in business entities which are not in competition with the Company or its affiliates, or from pursuing business opportunities as permitted by Section 4.5.(2). (2) 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 interest of the Company and with Executive's his duties under this Agreement. Should If Executive discover becomes aware of a business opportunity during the performance of his Company duties, through the use of the Company's property or information, or under circumstances that relates would reasonably lead Executive to believe that the current or anticipated future business of opportunity was intended by the offeror to be offered to the Company, he shall first offer such opportunity to OPPORTUNITY TO THE COMPANY. SHOULD THE CHIEF EXECUTIVE OFFICER OF THE COMPANY, ON behalf of the Company. Should the Board of Directors of the Company , not exercise its right to pursue this business opportunity within a reasonable period of time, not to exceed sixty thirty (6030) days, then Executive may develop the business opportunity for Executivehimself; provided, however, that such development may in no way conflict or interfere with the duties owed by Executive to the Company under this Agreement. Further, Executive may develop such business opportunities only on Executive's his own time, and Executive may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in the development of those business opportunitiestheir development. 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.