Common use of External Interests Clause in Contracts

External Interests. Every employee shall fully and truly disclose on his/her own behalf and, if married, on his/her spouse’s behalf, full details of any external directorships held and any personal business interests including partnerships, proprietorships, shareholdings and trusteeships; involvement in any other business ventures, profession, vocation, occupation, etc. involving limited or unlimited liability; personal liabilities in connection with above-said activities; and involvement in other positions external to the Company and acceptance by the Company of those external directorships, interests and/or positions on such terms & conditions as Company may prescribe in its sole discretion. In case Company do not accept or provide consent to any such directorships, interests and/or positions, employee shall withdraw from any such directorships, interests and/or positions immediately and without any demur or protest.

Appears in 13 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement

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