INDONESIA ENERGY CORPORATION LIMITED Sample Clauses

INDONESIA ENERGY CORPORATION LIMITED. The Executive shall use his best efforts to perform his duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee of any entity other than the Company and any member of the Group, and shall not be concerned or interested in any business or entity that engages in the same business in which the Company or any member of the Group engages (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from (i) being an officer, director or equity holders with or of any of the entities listed on APPENDIX B hereto or (ii) holding less than one percent (1%) of the outstanding equity of any Competitor that is listed on any securities exchange or recognized securities market anywhere, so long (in each case) as such activities do not interfere with or create any conflict of interest for the Executive related to the performance of the Executive’s responsibilities to the Company in accordance with this Agreement. The Executive shall notify the Company in writing of his interest in such shares or entities in a timely manner and with such details and particulars as the Company may reasonably require.
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INDONESIA ENERGY CORPORATION LIMITED. The Executive shall use his reasonable best efforts to perform his duties hereunder. The Executive shall not, without the prior written consent of the Board, be engaged or do business with any business or entity that engages directly in substantially the same business and in the same geographic area in which the Company or any member of the Group engages (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding less than one percent (1%) of the outstanding equity of any Competitor that is listed on any securities exchange or recognized securities market anywhere; provided, however that Executive may own up to three percent (3%) of the outstanding equity securities of PEDEVCO Corp. The Executive shall notify the Company in writing of his interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require.
Sample 1
INDONESIA ENERGY CORPORATION LIMITED. The Executive shall use his reasonable best efforts to perform his duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee of any entity other than the Company and any member of the Group, and shall not be engaged or do business with any business or entity that engages directly in substantially the same business and in the same geographic area in which the Company or any member of the Group engages (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding less than one percent (1%) of the outstanding equity of any Competitor that is listed on any securities exchange or recognized securities market anywhere; provided, however that Executive may own up to three percent (3%) of the outstanding equity securities of PEDEVCO Corp. The Executive shall notify the Company in writing of his interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require. Notwithstanding the foregoing, it shall not be a violation of this Agreement for the Executive at any time to (i) serve as an officer or director of the entities set forth on Appendix B hereto, (ii) serve on corporate, civic or charitable boards or committees, (iii) deliver lectures, fulfill speaking engagements or teach at educational institutions or (iv) manage personal investments, so long (in each case) as such activities do not interfere with or create any conflict of interest for the Executive related to the performance of the Executive’s responsibilities to the Company in accordance with this Agreement.
Sample 1
INDONESIA ENERGY CORPORATION LIMITED. Upon termination for death or disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s right to all other benefits will terminate, except as required by any applicable law.
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