Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote the substantial portion of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered (ii) may engage in charitable, civic, fraternal, professional, trade association or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company, do not compete with the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. All such activities shall be reported to the Board prior to the Executive undertaking such activities (other than those activities (all of which have been disclosed to the Company by Executive) engaged in as of the Effective Date).
Appears in 4 contracts
Samples: Employment Agreement (Accelerated Pharma, Inc.), Employment Agreement (Accelerated Pharma, Inc.), Employment Agreement (Accelerated Pharma, Inc.)
