Common use of Further Obligations of the Executive Clause in Contracts

Further Obligations of the Executive. 4.1 During the continuance of his employment the Executive shall devote his whole time and attention to his duties under this Agreement and shall not without prior written consent of the Company directly or indirectly carry on or be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees of not more than three per cent in aggregate of any class of shares, debentures or other securities in issue from time to time of any company which are for the time being quoted or dealt in on any recognised investment exchange (as defined by Section 207(1) of the Financial Services Act 1986). This clause shall not apply to those directorships held by the Executive as at the date of this Agreement, which have been notified to the Board.

Further Obligations of the Executive. 4.1 4.1. During the continuance of his employment the Executive shall devote his whole time and attention to his duties under this Agreement and shall not without prior written consent of the Company directly or indirectly carry on or be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees of not more than three per cent in aggregate of any class of shares, debentures or other securities in issue from time to time of any company which are for the time being quoted or dealt in on any recognised investment exchange (as defined by Section 207(1) of the Financial Services Act 1986). This clause Clause shall not apply to those directorships held by the Executive as at the date of this Agreement, which have been notified to the BoardBoard including for the avoidance of doubt the partnership interest the Employee has in his spouse’s hairdressing business.

Further Obligations of the Executive. 4.1 During the continuance of his employment the Executive shall devote his whole time and attention to his duties under this Agreement and shall not without prior written consent of the Company directly or indirectly carry on or be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees of not more than three per cent in aggregate of any class of shares, debentures or other securities in issue from time to time of any company which are for the time being quoted or dealt in on any recognised investment exchange (as defined by Section 207(1) of contained and referred to in the Financial Services (Investment and Fiduciary Services) Act 19861989). This clause shall not apply to those directorships held by the Executive as at the date of this Agreement, which have been notified to the Board.