Common use of Exclusivity of Service Clause in Contracts

Exclusivity of Service. 4.1 The Executive shall not (without the prior written consent of the Chief Executive) during the Employment directly or indirectly be interested in, engage in, be concerned with, or provide services to, any other person, company, business entity or other organisation whatsoever (whether as an employee, officer, director, agent, partner, consultant or otherwise) in respect of:- (a) any business which is similar to or competitive with the business of the Company or any Group Company; (b) any other business or activity which materially affects the proper and efficient discharge of his duties hereunder. PROVIDED THAT the Executive may hold up to 3% of any securities in a company which is quoted on any recognised Stock Exchange. 4.2 Subject to any written regulations issued by the Company which are applicable to him, the Executive or his Immediate Relatives shall not be entitled to receive or obtain directly or indirectly any discount, rebate, commission or other benefit in respect of any business transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he, his Immediate Relatives or any company or business entity in which he is interested, shall directly or indirectly obtain any such discount, rebate, commission or other benefit he shall forthwith account to the Company or Group Company for the amount received or value of the benefit so obtained. 4.3 The Executive confirms that he has disclosed fully to the Company all circumstances in respect of which there is, or there might be, a conflict of interest between the Company or any Group Company, and the Executive or his Immediate Relatives. He agrees to disclose fully to the Company any such circumstances which may arise during the Employment.

Exclusivity of Service. 4.1 The Executive shall not (without the prior written consent of the Chief Executive) Executive Officer during the Employment directly or indirectly be interested in, engage in, be concerned with, or provide services to, any other person, company, business entity or other organisation organization whatsoever (whether as an employee, officer, director, agent, partner, consultant or otherwise) in respect of:- (a) 4.1.1 any business which is similar to or competitive with the business of the Company or any Group Company; (b) 4.1.2 any other business or activity which materially affects the proper and efficient discharge of his duties hereunder. PROVIDED THAT the Executive may hold up to 3% of any securities in a company which is quoted on any recognised Stock Exchange. 4.2 Subject to any written regulations issued by the Company which are applicable to him, the Executive or his Immediate Relatives shall not be entitled to receive or obtain directly or indirectly any discount, rebate, commission or other benefit in respect of any business transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he, his Immediate Relatives or any company or business entity in which he is interested, shall directly or indirectly obtain any such discount, rebate, commission or other benefit he shall forthwith account to the Company or Group Company for the amount received or value of the benefit so obtained. For the avoidance of doubt, this sub-clause shall not apply to any discounts, rebates, commissions or other benefits generally available to members of the public as customers of the Company or any Group Company. 4.3 The Executive confirms that having given due and diligent consideration to the issue he has disclosed fully to the Company all circumstances of which he is aware in respect of which there is, or there might be, a conflict of interest between the Company or any Group Company, and the Executive or his Immediate Relatives. He agrees to disclose fully to the Company any such circumstances which may arise during the Employment.

Exclusivity of Service. 4.1 The Executive shall not (without the prior written consent of the Chief ExecutiveCompany) during the Employment directly or indirectly be interested in, engage in, be concerned with, or provide services to, any other person, company, business entity or other organisation whatsoever (whether as an employee, officer, director, agent, partner, consultant or otherwise) in respect of:- (a) any business which is similar to or competitive with the business of the Company or any Group Company; (b) any other business or activity which materially affects the proper and efficient discharge of his duties hereunder. PROVIDED THAT the Executive may hold up to 35% of any securities in a company which is quoted on any recognised Stock Exchange. 4.2 Subject to any written regulations issued by the Company which are may be applicable to himher, the Executive or his her Immediate Relatives shall not be entitled to receive or obtain directly or indirectly any discount, rebate, commission or other benefit in respect of any business transacted (whether or not by himher) by or on behalf of the Company or any Group Company and if heshe, his her Immediate Relatives or any company or business entity in which he she is interested, shall directly or indirectly obtain any such discount, rebate, commission or other benefit he she shall forthwith account to the Company or Group Company for the amount received or value of the benefit so obtained. 4.3 The Executive confirms that he she has disclosed fully to the Company all circumstances in respect of which there is, or there might be, a conflict of interest between the Company or any Group Company, and the Executive or his her Immediate Relatives. He , and she agrees to disclose fully to the Company any such circumstances which may arise during the Employment.

Exclusivity of Service. 4.1 The Executive shall not (without the prior written consent of the Chief Executive) Chairman during the Employment directly or indirectly be interested in, engage in, be concerned with, or provide services to, any other person, company, business entity or other organisation whatsoever (whether as an employee, officer, director, agent, partner, consultant or otherwise) in respect of:- (a) 4.1.1 any business which is similar to or competitive with the business of the Company or any Group Company; (b) 4.1.2 any other business or activity which materially affects the proper and efficient discharge of his duties hereunder. PROVIDED THAT the Executive may hold up to 3% of any securities in a company which is quoted on any recognised Stock Exchange. 4.2 Subject to any written regulations issued by the Company which are applicable to him, the Executive or his Immediate Relatives shall not be entitled to receive or obtain directly or indirectly any discount, rebate, commission or other benefit in respect of any business transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he, his Immediate Relatives or any company or business entity in which he is interested, shall directly or indirectly obtain any such discount, rebate, commission or other benefit he shall forthwith account to the Company or Group Company for the amount received or value of the benefit so obtained. 4.3 The Executive confirms that he has disclosed fully to the Company all circumstances in respect of which there is, or there might be, a conflict of interest between the Company or any Group Company, and the Executive or his Immediate Relatives. He agrees to disclose fully to the Company any such circumstances which may arise during the Employment.