Common use of Excluded Activities Clause in Contracts

Excluded Activities. The Employment Agreement between Second Party and the Company expressly authorizes and permits Second Party to serve in employment and ownership relationships with other entities which are not competitive with the Company ("Other Entities"). Neither this Agreement nor the assignment or relinquishment set forth in this Agreement affect, in any fashion, the rights of Second Party to serve in an employment, officer or ownership relationship with Other Entities, nor does it affect or alter the ownership rights of Other Entities provided Second Party complies with the terms of this Agreement. This Agreement is not binding on or enforceable against the Other Entities with which Second Party may be engaged in employment or other business relationships.

Appears in 2 contracts

Samples: Confidentiality Agreement (Biodelivery Sciences International Inc), Employment Agreement (Biodelivery Sciences International Inc)

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Excluded Activities. The Employment Agreement between Second Party Parry and the Company expressly authorizes and permits Second Party to serve in employment and ownership relationships with other entities which are not competitive with the Company ("Other Entities"). Neither this Agreement nor the assignment or relinquishment set forth in this Agreement affect, in any fashion, the rights of Second Party to serve in an employment, officer or ownership relationship with Other Entities, nor does it affect or alter the ownership rights of Other Entities provided Second Party complies with the terms of this Agreement. This Agreement is not binding on or enforceable against the Other Entities with which Second Party may be engaged in employment or other business relationships.

Appears in 1 contract

Samples: Employment Agreement (Biodelivery Sciences International Inc)

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Excluded Activities. The Employment Agreement between Second Party and the Company expressly authorizes and permits Second Party to serve in employment and ownership relationships with other entities which that are not competitive in competition with the Company ("Other Entities"). Neither this Agreement nor the assignment or relinquishment set forth in this Agreement affect, in any fashion, the rights of Second Party to serve in an employment, officer or ownership relationship with Other Entities, nor does it affect or alter the ownership rights of Other Entities provided Second Party complies with the terms of this Agreement. This Agreement is not binding on or enforceable against the Other Entities with which Second Party may be engaged in employment or other business relationships.

Appears in 1 contract

Samples: Employment Agreement (Invisa Inc)

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