Exclusive Services and Efforts. Executive agrees to devote his efforts, energies, and skill to the discharge of the duties and responsibilities attributable to his position and, except as set forth herein, agrees to devote substantially all of his professional time and attention exclusively to the business and affairs of the Company. Notwithstanding the foregoing, Executive shall be entitled to engage in (a) service on the board of directors of any company, business or trade organization on which he serves as of the Effective Date and on the board of directors of one additional company, business or trade organization; (b) with the consent of the Board (which consent shall not be unreasonably withheld) service on the board of directors of additional for-profit companies, businesses or trade organizations, provided, that, Executive shall provide the Company prior written notice of his intention to join any such board and provided further that he shall not serve on the board of any entity that directly and materially competes with the Company; (c) service on the board of directors of not-for-profit organizations; (d) other charitable activities and community affairs; and (e) management of his personal and family investments and affairs, in each case to the extent such activities do not either individually or in the aggregate, materially interfere with the performance of his duties and responsibilities to the Company.
Appears in 2 contracts
Samples: Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc)
Exclusive Services and Efforts. Executive agrees to devote his efforts, energies, and skill to the discharge of the duties and responsibilities attributable to his position and, except as set forth herein, agrees to devote substantially all of his professional time and attention exclusively to the business and affairs of the Company. Notwithstanding the foregoing, Executive shall be entitled to engage in (a) service on the board of directors of any company, business or trade organization on which he serves as of the Effective Date and on the board of directors of one additional company, business or trade organizationDate; (b) with the consent of the Company’s Board of Directors (the “Board”) (which consent shall not be unreasonably withheld) service on the board of directors of one or more additional for-profit companies, businesses or trade organizations, provided, that, Executive shall provide the Company prior written notice of his intention to join any such board and provided further that he shall not serve on the board of any entity that directly and materially competes with the Company; (c) service on the board of directors of not-for-profit organizations; (d) other charitable activities and community affairs; and (e) management of his personal and family investments and affairs, in each case to the extent such activities do not either individually or in the aggregate, materially interfere with the performance of his duties and responsibilities to the Company.
Appears in 2 contracts
Samples: Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc)