Common use of Development of Business Opportunities Clause in Contracts

Development of Business Opportunities. 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 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 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 STUART to the Company under his Employment Agreement. Further, 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. STUART 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 STUART 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 XXXXXX xxx 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 STUART Sidhu to the Company under his Employment Agreement. Further, XXXXXX xxx 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. STUART 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 STUART 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 XXXXXX xxx 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 STUART Hope to the Company under his Employment Agreement. Further, XXXXXX xxx 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. STUART 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 STUART 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 XXXXXX xxx may develop the business opportunity for himself, provided, however, that such development may in no way conflict or interfere with the duties owed by STUART XXXXXX to the Company under his Employment Agreement. Further, XXXXXX xxx 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.