Common use of Duty of Loyalty Clause in Contracts

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act in the best interests of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 5 contracts

Samples: Employment Agreement (Preferred Voice Inc), Stock Purchase Agreement (Preferred Voice Inc), Employment Agreement (Preferred Voice Inc)

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Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests interest of the Company Employer and to do no act that which would materially injure the business, interests, interests or reputation of the Company Employer or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Employer or any of its affiliates’ business and shall not appropriate for Employee’s 's own benefit any such business opportunities concerning the subject matter of the fiduciary relationshipopportunity.

Appears in 5 contracts

Samples: Employment Agreement (Flower Turbines, Inc.), Employment Agreement (Flower Turbines, Inc.), Employment Agreement (Flower Turbines, Inc.)

Duty of Loyalty. The Employee acknowledges that he is a fiduciary of the Company and agrees that Employee owes a fiduciary duty of loyalty, fidelity loyalty to the Company to perform his duties and allegiance to act responsibilities under this Agreement in good faith and in the best interests of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipwithout personal economic conflict.

Appears in 5 contracts

Samples: Employment Agreement (JP Energy Partners LP), Employment Agreement (JP Energy Partners LP), Employment Agreement (JP Energy Partners LP)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that which would materially injure the business, interests, or reputation of the Company or any of its affiliatessubsidiaries. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) and shall not appropriate for Employee’s 's own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 4 contracts

Samples: Employment Agreement (Spinnaker Exploration Co), Employment Agreement (Spinnaker Exploration Co), Employment Agreement (Spinnaker Exploration Co)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act in the best interests of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 4 contracts

Samples: Employment Agreement (Cardtronics Inc), Employment Agreement (Cardtronics Inc), Employment Agreement (Cardtronics Inc)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance loyalty to act in the best interests of the Company and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipCompany.

Appears in 2 contracts

Samples: Employment Agreement (Vegalab, Inc.), Employment Agreement (Vegalab, Inc.)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests interest of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipCompany.

Appears in 2 contracts

Samples: Employment Agreement (Rackspace Hosting, Inc.), Employment Agreement (Rackspace Hosting, Inc.)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance loyalty to act at all times in the best interests of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliatesCompany. In keeping with these dutiessuch duty, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipCompany’s business.

Appears in 2 contracts

Samples: Employment Agreement (Trico Marine Services Inc), Employment Agreement (Trico Marine Services Inc)

Duty of Loyalty. The Employee acknowledges and agrees that the Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and its Affiliates and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its affiliatesAffiliates. In keeping with these duties, the Employee shall make full disclosure to the Company Board of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for the Employee’s own benefit any such business opportunities concerning the subject matter of the fiduciary relationshipopportunities.

Appears in 2 contracts

Samples: Employment Agreement (Cardtronics Inc), Employment Agreement (Cardtronics LP)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance loyalty to act at all times in the best interests interest of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliatesCompany. In keeping with these dutiessuch duty, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipCompany’s business.

Appears in 2 contracts

Samples: Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act in the best interests of the Company and its affiliates and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 2 contracts

Samples: Employment Agreement (Extraction Oil & Gas, Inc.), Employment Agreement (Extraction Oil & Gas, Inc.)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance loyalty to act at all times in the best interests of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliates. In keeping with these dutiessuch duty, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipCompany’s business.

Appears in 1 contract

Samples: Employment Agreement (Empire Petroleum Partners, LP)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company Switch & Data Group and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its subsidiaries or affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 1 contract

Samples: Employment Agreement (Switch & Data Facilities Company, Inc.)

Duty of Loyalty. Employee acknowledges and agrees that Employee he owes a fiduciary duty of loyalty, fidelity and allegiance loyalty to act at all times in the best interests of the Company and Company, subject to do no act that would materially injure the business, interests, or reputation of the Company or any of its affiliatesEmployee’s ability to enforce his rights under this Agreement. In keeping with these dutiessuch duty, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationshipCompany’s business.

Appears in 1 contract

Samples: Key Employee Employment Agreement (Matthews International Corp)

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Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, . fidelity and allegiance to act at all times in the best interests of the Company and to do no act that which would materially injure the business, interests, or reputation of the Company or any of its subsidiaries or affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company's business and shall not appropriate for Employee’s 's own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 1 contract

Samples: Employment Agreement

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that which would materially injure the business, interests, or reputation of the Company or any of its subsidiaries or affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company's business and shall not appropriate for Employee’s 's own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 1 contract

Samples: Employment Agreement (Enron Corp)

Duty of Loyalty. The Employee acknowledges and agrees that the Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and its Affiliates and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its affiliatesAffiliates. In keeping with these duties, the Employee shall make full disclosure to the Company Board of all business opportunities pertaining to the Business (as defined below) Company's business and shall not appropriate for the Employee’s 's own benefit any such business opportunities concerning the subject matter of the fiduciary relationshipopportunities.

Appears in 1 contract

Samples: Employment Agreement (Cardtronics Inc)

Duty of Loyalty. Employee acknowledges and agrees that Employee during his employment with the Company he owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its affiliatesCompany. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) business of the Company and its affiliates and shall not appropriate for Employee’s 's own benefit business opportunities concerning the subject matter of the fiduciary relationshipany such opportunities.

Appears in 1 contract

Samples: Employment Agreement (Newfield Exploration Co /De/)

Duty of Loyalty. The Employee acknowledges and agrees that the Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its subsidiaries or affiliates. In keeping with these duties, the Employee shall make full disclosure to the Company Board of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for the Employee’s own benefit any such business opportunities concerning the subject matter of the fiduciary relationshipopportunities.

Appears in 1 contract

Samples: Employment Agreement (Switch & Data, Inc.)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that would materially injure the business, interests, interests or reputation of the Company or any of its subsidiaries or affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 1 contract

Samples: Employment Agreement (Switch & Data, Inc.)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that which would materially injure the business, interests, or reputation of the Company or Companyor any of its affiliatesAffiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 1 contract

Samples: Employment Agreement (Enerteck Corp)

Duty of Loyalty. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Company and to do no act that would materially injure the business, interests, or reputation of the Company or any of its subsidiaries or affiliates. In keeping with these duties, Employee shall make full disclosure to the Company of all business opportunities pertaining to the Business (as defined below) Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning the subject matter of the fiduciary relationship.

Appears in 1 contract

Samples: Employment Agreement (Southwest Bancorp of Texas Inc)

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