Common use of Executive’s Performance Clause in Contracts

Executive’s Performance. (a) The Executive hereby accepts the employment contemplated by this Agreement. During the Term, the Executive shall devote substantially all of his business time to the performance of his duties under this Agreement, and he shall perform such duties diligently, in good faith and in a manner consistent with the best interests of the Company and applicable laws. During the Term, the Executive will not, without the prior written approval of the Board, serve or act as a shareholder (except for passive holdings of not more than one percent (1%) of the other entity’s outstanding stock), employee, agent, consultant, officer, director, partner, member, representative, lender or owner of any other business entity, nor (if it would require more than an insubstantial amount of business time or attention) of any non-profit entity. (b) The Executive shall comply with all applicable governmental laws, rules and regulations and with the Company’s policies applicable to all employees of the Company.

Executive’s Performance. (a) The Executive hereby accepts the employment contemplated by this Agreement. During the Term, the Executive shall devote substantially all of his her business time to the performance of his her duties under this Agreement, and he she shall perform such duties diligently, in good faith and in a manner consistent with the best interests of the Company and applicable laws. During the Term, the Executive will not, without the prior written approval of the Board, serve or act as a shareholder (except for passive holdings of not more than one percent (1%) % of the other entity’s outstanding stock), employee, agent, consultant, officer, director, partner, member, representative, lender or owner of any other business entity, nor (if it would require more than an insubstantial amount of business time or attention) of any non-profit entity. (b) The Executive shall comply with all applicable governmental laws, rules and regulations and with the Company’s policies applicable to all employees of the Company.