Common use of Exclusivity of Employment Clause in Contracts

Exclusivity of Employment. Executive agrees that his employment hereunder is on an exclusive basis, and that during the Employment Term, he will not engage in any other business activity. Notwithstanding the foregoing, nothing in this Agreement shall preclude Executive from (i) serving on the boards of directors of other corporations (subject to the approval of the Board which shall not be unreasonably withheld), (ii) engaging in charitable and public service activities, (iii) engaging in speaking and writing activities or (iv) managing his personal investments, provided that such activities (x) do not interfere with Executive’s availability or ability to perform his duties and responsibilities hereunder and (y) with the exception of matters described in clause (iv) and church activities that do not interfere with Executive’s availability or performance of his duties and responsibilities under this Agreement, are disclosed in writing to the Board in a notice that references this provision.