Common use of Development of Business Opportunities Clause in Contracts

Development of Business Opportunities. Sidhu hereby agrees to promote and develop all business opportunities that come to his attention relating to current or reasonably anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his duties under his Employment Agreement. Should Sidhu discover a business opportunity which is or may reasonably be anticipated to be related to the 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 Sidhu may develop the business opportunity for himself, provided, however, that such development may in no way conflict or interfere with the duties owed by Sidhu to the Company under his Employment Agreement. Further, Sidhu may develop such business opportunities only on his own time, and may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in their development. As used herein, the term "business opportunity" shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or similar passive investments.

Development of Business Opportunities. Sidhu Hope hereby agrees to promote and develop all business opportunities that come to his attention relating to current or reasonably anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his duties under his Employment Agreement. Should Sidhu Hope discover a business opportunity which is or may reasonably be anticipated to be related to the 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 Sidhu Hope may develop the business opportunity for himself, provided, however, that such development may in no way conflict or interfere with the duties owed by Sidhu Hope to the Company under his Employment Agreement. Further, Sidhu Hope may develop such business opportunities only on his own time, and may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in their development. As used herein, the term "business opportunity" shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or similar passive investments.

Development of Business Opportunities. Sidhu STUART hereby agrees to promote and develop all business opportunities that come to his attention relating to current or reasonably anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his duties under his Employment Agreement. Should Sidhu STUART discover a business opportunity which is or may reasonably be anticipated to be related to the 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 Sidhu may XXXXXX xxx develop the business opportunity for himself, provided, however, that such development may in no way conflict or interfere with the duties owed by Sidhu STUART to the Company under his Employment Agreement. Further, Sidhu may XXXXXX xxx develop such business opportunities only on his own time, and may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in their development. As used herein, the term "“business opportunity" ” shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or similar passive investments.

Development of Business Opportunities. Sidhu XXXXXX hereby agrees to promote and develop all business opportunities that come to his attention relating to current or reasonably anticipated future business of the Company, in a manner consistent with the best interests of the Company and with his duties under his Employment Agreement. Should Sidhu XXXXXX discover a business opportunity which is or may reasonably be anticipated to be related to the 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 Sidhu XXXXXX may develop the business opportunity for himself, provided, however, that such development may in no way conflict or interfere with the duties owed by Sidhu XXXXXX to the Company under his Employment Agreement. Further, Sidhu XXXXXX may develop such business opportunities only on his own time, and may not use any service, personnel, equipment, supplies, facility, or trade secrets of the Company in their development. As used herein, the term "“business opportunity" ” shall not include business opportunities involving investment in publicly traded stocks, bonds or other securities, or similar passive investments.