Common use of Full Time Effort Clause in Contracts

Full Time Effort. Employee acknowledges and agrees that the duties and responsibilities to be discharged by Employee require a full-time effort on the part of Employee, and accordingly, Employee agrees to devote his full-time effort and resources for and on behalf of Employer, and agrees that he will not, during the term hereof, enter into (directly or indirectly) any other business activities or ventures, other than investments which are passive in nature provided no such investment may exceed 5% of the equity securities of any entity without the prior approval of the Board.

Full Time Effort. Employee acknowledges and agrees that the duties and responsibilities to be discharged by Employee require a full-full time effort on the part of Employee, and accordingly, Employee agrees to devote his full-full time effort and resources for and on behalf of Employer, and agrees that he will not, during the term hereof, enter into (directly or indirectly) any other business activities or ventures, other than investments which are passive in nature (provided no such investment may exceed 5% of the equity securities of any entity without the prior approval of the BoardBoard of Directors).