Common use of Full Working Time Clause in Contracts

Full Working Time. During the Term, the Executive shall devote his full working time and his best efforts, and apply all of his skill and experience, to the proper performance of his duties hereunder and to the business and affairs of the Company. During the Term, the Executive, without the prior written approval of the Board, shall not, either directly or indirectly, actively participate in any other business or accept any employment or business office whatsoever (including but not limited to serving as a director ) from any other Person (but the foregoing shall not preclude the Executive, subject to Section 7 hereof, from (i) serving as a director of any nonprofit or charitable organization, or (ii) making an investment in any other business, so long as in any such case the Executive does not actively participate in such other business or organization and such activity does not interfere with the Executive's ability to perform his duties hereunder and does not constitute a conflict of interest with the Company or any of its Affiliates in the reasonable opinion of the Board).

Appears in 1 contract

Samples: Employment Agreement (Ipc Information Systems Inc)

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Full Working Time. During the Term, the Executive shall devote ----------------- his full working time and his best efforts, and apply all of his skill and experience, to the proper performance of his duties hereunder and to the business and affairs of the Company. During the Term, the Executive, without the prior written approval of the Board, Board shall not, either directly or indirectly, actively participate in any other business or accept any employment or business office whatsoever (including but not limited to serving as a director director) from any other Person (but the foregoing shall not preclude the Executive, subject to Section 7 hereof, from (i) serving as a director of any nonprofit or charitable organization, (ii) serving as a member of the board of directors of American Utilicraft Corporation, (iii) continuing to serve as an outside director of, as well future board service on, any affiliate of Lucent Technologies, or (iiiv) making an investment in any other business, so long as in any such case the Executive does not actively participate in such other business or organization and such activity does not interfere with the Executive's ability to perform his duties hereunder and does not constitute a conflict of interest with the Company or any of its Affiliates in the reasonable opinion of the Board).

Appears in 1 contract

Samples: Employment Agreement (Ixnet Inc)

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Full Working Time. (a) During the Term, the Executive shall devote his full working time and his best efforts, and apply all of his skill and experience, to the proper performance of his duties hereunder and to the business and affairs of the Company. During the Term, the Executive, without the prior written approval of the Board, shall not, either directly or indirectly, actively participate in any other business or accept any employment or business office whatsoever (including but not limited to serving as a director ) from any other Person (but the foregoing shall not preclude the Executive, subject to Section 7 hereof, from (i) serving as a director of any nonprofit or charitable organization, or (ii) making an investment in any other business, so long as in any such case the Executive does not actively participate in such other business or organization and such activity does not interfere with the Executive's ability to perform his duties hereunder and does not constitute a conflict of interest with the Company or any of its Affiliates in the reasonable opinion of the Board). (b) On or before the Closings, Executive shall have reduced his ownership interest in Voyager Networks, Inc. to a level where such interest would be permissible pursuant to the proviso contained in Section 7.1 hereof.

Appears in 1 contract

Samples: Employment Agreement (Ipc Information Systems Inc)

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