Common use of Conflicting Business Clause in Contracts

Conflicting Business. The Employee agrees that he will not transact business with the Company personally, or as agent, owner, partner, or shareholder of any other entity; provided, however, that the Employee may enter into any business transaction that is, in the opinion of the CEO, reasonable, prudent or necessary to the Company, so long as any such business transaction is at arms length as though between independent and prudent individuals.

Appears in 1 contract

Samples: Employment Agreement (Sabratek Corp)

AutoNDA by SimpleDocs

Conflicting Business. The Employee agrees that he will not transact business with the Company personally, or as agent, owner, partner, partner or shareholder of any other entity; provided, however, that the Employee may enter into any business transaction that is, in the opinion of the CEOBoard, reasonable, prudent or necessary to the Company, so long as any such business transaction is at arms arm's-length as though between independent and prudent individuals.

Appears in 1 contract

Samples: Employment Agreement (Angeion Corp/Mn)

Conflicting Business. The Employee agrees that he he/she will not transact business with the Company personally, or as agent, owner, partner, or shareholder of any other entity; provided, however, . The Employee further agrees that the Employee may enter into he/she will not engage in any business transaction activity or outside employment that is, may be in the opinion of the CEO, reasonable, prudent or necessary to conflict with the Company, so long as any such 's proprietary or business transaction is at arms length as though between independent and prudent individualsinterests.

Appears in 1 contract

Samples: Employment Agreement (Ats Medical Inc)

Conflicting Business. The Employee agrees that he will not transact business with the Company personally, or as agent, owner, partner, partner or shareholder of any other entity; provided, however, that the Employee may enter into any business transaction that is, in the opinion of the CEOBoard of Directors of the Company, reasonable, prudent or necessary to the Company, so long as any such business transaction is at arms arm's-length as though between independent and prudent individuals.

Appears in 1 contract

Samples: Employment Agreement (Tricord Systems Inc /De/)

AutoNDA by SimpleDocs

Conflicting Business. The Employee agrees that he will not transact business with the Company personally, or as agent, owner, partner, partner or shareholder of any other entity; provided, however, that the Employee may enter into any business transaction that is, in the opinion of the CEOBoard, reasonable, prudent or necessary to the Company, so long as any such business transaction is at arms arm's length as though between independent and prudent individuals.

Appears in 1 contract

Samples: Employment Agreement (Liferate Systems Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.