Common use of Devotion to Duties Clause in Contracts

Devotion to Duties. For so long as you are employed hereunder, you will devote substantially all of your business time and energies to the business and affairs of the Company, provided that nothing contained in this Section 1(b) will be deemed to prevent or limit your right to manage your personal investments on your own personal time, including, without limitation, the right to make passive investments in the securities of (i) any entity which you do not control, directly or indirectly, and which does not compete with the Company, or (ii) any publicly held entity so long as your aggregate direct and indirect interest does not exceed five percent of the issued and outstanding securities of any class of securities of such publicly held entity, and provided, further that nothing contained in this Agreement will be deemed to prohibit you from any involvement with any social and/or business organizations, and accepting any directorships for companies or other organizations.

Appears in 1 contract

Samples: Employment Agreement (Invivo Therapeutics Holdings Corp.)

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Devotion to Duties. For so long as you are employed hereunder, you will devote substantially all of your business time and energies to the business and affairs of the Company, provided that nothing contained in this Section 1(b) will be deemed to prevent or limit your right to manage your personal investments on your own personal time, including, without limitation, the right to make passive investments in the securities of (i) any entity which you do not control, directly or indirectly, and which does not compete with the Company, or (ii) any publicly held entity so long as your aggregate direct and indirect interest does not exceed five three percent (3%) of the issued and outstanding securities of any class of securities of such publicly held entity, and provided, further that nothing contained in this Agreement herein will be deemed to prohibit you from any involvement with any social and/or business organizationscontinuing your preexisting affiliations so long as such activity does not violate Sections 5, and accepting any directorships for companies 6 or other organizations7 hereof or substantially limit your ability to perform your full-time duties hereunder.

Appears in 1 contract

Samples: Employment Agreement (Neogenix Oncology Inc)

Devotion to Duties. For so long as you are employed hereunder, you will devote substantially all of your business time and energies to the business and affairs of the Company, provided that nothing contained in this Section 1(b) will be deemed to prevent or limit your right to manage your personal investments on your own personal time, including, without limitation, the right to make passive investments in the securities of (i) any entity which you do not control, directly or indirectly, and which does not compete with the Company, or (ii) any publicly held entity so long as your aggregate direct and indirect interest does not exceed five three percent (3%) of the issued and outstanding securities of any class of securities of such publicly held entity, and provided, further that nothing contained in this Agreement will be deemed to prohibit you from any involvement with any social and/or business organizationscontinuing to operate Xxxxxx Financial Services to the extent not violative of Sections 5, 6 and accepting any directorships for companies or other organizations7 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Neogenix Oncology Inc)

Devotion to Duties. For so long as you are employed hereunder, you will devote substantially all of your business time and energies to the business and affairs of the Company, provided that nothing contained in this Section 1(b) will be deemed to prevent or limit your right to manage your personal investments on your own personal time, including, without limitation, the right to make passive investments in the securities of (i) any entity which you do not control, directly or indirectly, and which does not compete with the Company, or (ii) any publicly held entity so long as your aggregate direct and indirect interest does not exceed five three percent (3%) of the issued and outstanding securities of any class of securities of such publicly held entity, and provided, further that nothing contained in this Agreement will be deemed to prohibit you from any involvement with any social and/or business organizationscontinuing to serve in the Surgical Oncology Division of North Shore Hospital so long as such activity does not violate Sections 5, 6 and accepting any directorships for companies or other organizations7 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Neogenix Oncology Inc)

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Devotion to Duties. For so long as you are employed hereunder, you will devote substantially all of your business time and energies to the business business, science and affairs of the Company, provided that nothing contained in this Section 1(b) will be deemed to prevent or limit your right to manage your personal investments on your own personal time, including, without limitation, the right to make passive investments in the securities of (i) any entity which you do not control, directly or indirectly, and which does not compete with the Company, or (ii) any publicly held entity so long as your aggregate direct and indirect interest does not exceed five percent of the issued and outstanding securities of any class of securities of such publicly held entity, and provided, further that nothing contained in this Agreement will be deemed to prohibit you from any involvement with any social and/or business organizations, and accepting any directorships for companies or other organizations.

Appears in 1 contract

Samples: Employment Agreement (Invivo Therapeutics Holdings Corp.)

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