Common use of Limitation on Services Provided to Others Clause in Contracts

Limitation on Services Provided to Others. During the term of this agreement, Xxxxxx shall not, directly or indirectly: (a) Engage in any business or activity in which the Corporation or any subsidiary, affiliate or joint venture partner of the Corporation is engaged (provided, however, that the purchase, sale and leasing of oil and gas mineral interests or participating in the drilling of oil and gas xxxxx by Xxxxxx shall not be deemed to be a violation of this provision but nothing in this agreement will relieve Xxxxxx of any fiduciary duties he may owe to the Corporation); nor (b) Be employed by, render services of any kind to, advise or receive compensation in any form from, nor invest or participate in any manner or capacity in, any entity or person that directly or indirectly engages in such business or activity. This Subsection will not preclude investments in a corporation whose stock is traded on a public market and of which Xxxxxx owns less than a significant interest.