Common use of Devotion of Time and Effort Clause in Contracts

Devotion of Time and Effort. (a) Executive recognizes that during the period of Executive’s employment hereunder Executive owes an undivided duty of loyalty to the Company, and Executive will use Executive’s good faith efforts and judgment in performing Executive’s duties required hereunder to promote and develop the business of the Company and its subsidiaries (the Company’s subsidiaries from time to time, together with any other affiliates of the Company, the “Affiliates”). Executive shall devote all of Executive’s business time, attention and skills to the performance of Executive’s services as an executive of the Company. Recognizing and acknowledging that it is essential for the protection and enhancement of the name and business of the Company and the goodwill pertaining thereto, Executive shall perform the Executive’s duties under this Agreement professionally, in accordance with all material, applicable laws, rules and regulations and such reasonable standards, policies and procedures established by the Company and the industry from time to time. (b) Notwithstanding the foregoing, the parties agree that: (i) Executive may devote a reasonable amount of his or her time to civic, community, or charitable activities; (ii) Executive may serve as a director (or in a similar capacity) of other corporations (or other entities), provided that any such and such directorship or similar position is approved in advance by the Board; (iii) Executive may participate as an investor in other companies and projects as disclosed by Executive to, and approved by, the Board, so long as Executive’s responsibilities with respect thereto do not conflict or interfere with the faithful performance of his or her duties to the Company; and (iv) Executive may engage in the other outside activities set forth in Schedule B hereto.

Devotion of Time and Effort. (a) Executive recognizes that during the period of Executive’s employment hereunder Executive owes an undivided duty of loyalty to the Company, and Executive will shall use Executive’s good faith efforts and judgment in performing Executive’s duties required hereunder to promote and develop the business Business of the Company and its subsidiaries (the Company’s subsidiaries from time to time, together with any other affiliates of the Company, the “Affiliates”). Executive shall devote all of Executive’s business time, attention and skills to the performance of Executive’s services as an executive of the Company. Recognizing and acknowledging that it is essential for the protection and enhancement of the name and business Business of the Company and the goodwill pertaining thereto, Executive shall perform the Executive’s duties under this Agreement professionally, in accordance with all material, applicable laws, rules and regulations and such reasonable standards, policies and procedures established by the Company and the industry from time to time. (b) Notwithstanding the foregoing, the parties acknowledge that the Executive currently engages in the outside activities set forth on Schedule B hereto and agree thatthat the Executive may continue to engage in such activities during the term of this Agreement; provided, however, that unless otherwise determined by the Board, the Executive’s participation in such activities shall be limited to the respective role(s) set forth on Schedule B. Executive acknowledges and agrees that during the term of the Agreement, he or she will not, without advance approval by the Board, expand his or her involvement in the activities listed on Schedule B or participate in additional outside activities, including, but not limited to, any of the following: (i) Executive may devote a reasonable amount of his or her time to civic, community, or charitable activitiesboard membership; (ii) Executive may serve serving as a director (or in a similar capacity) of other corporations (or other entities), provided that any such and such directorship ; or similar position is approved in advance by the Board; (iii) Executive may participate participating as an active investor in other companies and projects as disclosed by Executive to, and approved by, projects. Such approval shall be given or withheld at the sole discretion of the Board, so long as Executive’s responsibilities with respect thereto do not conflict or interfere with the faithful performance of his or her duties to the Company; and (iv) Executive may engage in the other outside activities set forth in Schedule B hereto.