Devotion of Entire Time to the Business of the COMPANY and its Affiliates. The Employee shall devote his entire productive time, ability and attention during normal business hours throughout the Term to the faithful performance of his duties under this Agreement. The Employee shall not directly or indirectly render any services of a business, commercial or professional nature to any person or organization other than the Company or any affiliates without the prior written consent of the Board; provided, however, that the Employee shall not be precluded from (i) vacations and other leave time in accordance with Section 3(d) below, (ii) reasonable participation in community, civic, charitable or similar organizations, (iii) reasonable participation in industry-related activities, including, but not limited to, attending state and national trade association meetings and serving as an officer, director or trustee of a state or national trade association or Federal Home Loan Bank, (iv) serving as an officer or director of any affiliate of the Company and receiving a salary, director’s fees or other compensation or benefits, as appropriate, or (v) pursuing personal investments which do not interfere or conflict with the performance of the Employee’s duties to the Company or its affiliates.
Appears in 3 contracts
Samples: Company Employment Agreement (United Community Bancorp), Company Employment Agreement (United Community Bancorp), Company Employment Agreement (United Community Bancorp)
Devotion of Entire Time to the Business of the COMPANY and its Affiliates. The Employee EMPLOYEE shall devote his entire productive time, ability and attention during normal business hours throughout the Term TERM to the faithful performance of his duties under this Agreement. The Employee EMPLOYEE shall not directly or indirectly render any services of a business, commercial or professional nature to any person or organization other than the Company COMPANY or any affiliates without the prior written consent of the Board; provided, however, that the Employee EMPLOYEE shall not be precluded from (i) vacations and other leave time in accordance with Section 3(d) below, (ii) reasonable participation in community, civic, charitable or similar organizations, (iii) reasonable participation in industry-related activities, including, but not limited to, attending state and national trade association meetings and serving as an officer, director or trustee of a state or national trade association or Federal Home Loan Bank, (iv) serving as an officer or director of any affiliate of the Company COMPANY and receiving a salary, director’s fees or other compensation or benefits, as appropriate, or (v) pursuing personal investments which do not interfere or conflict with the performance of the EmployeeEMPLOYEE’s duties to the Company COMPANY or its affiliates.
Appears in 2 contracts
Samples: Company Employment Agreement (United Community Bancorp), Company Employment Agreement (United Community Bancorp)
Devotion of Entire Time to the Business of the COMPANY and its Affiliates. The Employee EMPLOYEE shall devote his her entire productive time, ability and attention during normal business hours throughout the Term TERM to the faithful performance of his her duties under this Agreement. The Employee EMPLOYEE shall not directly or indirectly render any services of a business, commercial or professional nature to any person or organization other than the Company COMPANY or any affiliates without the prior written consent of the Board; provided, however, that the Employee EMPLOYEE shall not be precluded from (i) vacations and other leave time in accordance with Section 3(d) below, (ii) reasonable participation in community, civic, charitable or similar organizations, (iii) reasonable participation in industry-related activities, including, but not limited to, attending state and national trade association meetings and serving as an officer, director or trustee of a state or national trade association or Federal Home Loan Bank, (iv) serving as an officer or director of any affiliate of the Company COMPANY and receiving a salary, director’s fees or other compensation or benefits, as appropriate, or (v) pursuing personal investments which do not interfere or conflict with the performance of the EmployeeEMPLOYEE’s duties to the Company COMPANY or its affiliates.
Appears in 1 contract
Samples: Company Employment Agreement (United Community Bancorp)