Common use of Limitations on Outside Activities Clause in Contracts

Limitations on Outside Activities. During Executive’s employment with the Company, Executive shall not engage in any activity that conflicts with or is detrimental to the Company’s best interests, as determined by the Company in its sole discretion, and Executive will devote his full business time, ability, knowledge and attention to the Company’s business affairs and interests. Except for activities expressly authorized by the prior written approval of the CEO during his employment, Executive will not: (a) engage in any business activities other than on behalf of the Company; (b) serve as an officer, general partner, or member in any for-profit corporation, partnership or firm; or (c) directly or indirectly invest in, participate in, or acquire an interest in any entity engaged in a similar or competing business, except that Executive may make passive investments in the publicly traded stock of any entity whose securities are listed on a public exchange, provided that Executive does not acquire more than one percent of the outstanding publicly traded shares. Nothing in this section precludes Executive from engaging in charitable, educational, or other civic or non-profit activities, if those activities do not interfere with Executive’s duties to the Company or otherwise reflect negatively upon the Company.

Limitations on Outside Activities. During Executive’s employment with the Company, Executive shall not engage in any activity that conflicts with or is detrimental to the Company’s best interests, as determined by the Company in its sole discretion, and Executive will devote his full business time, ability, knowledge and attention to the Company’s business affairs and interests. Except for activities expressly authorized by the prior written approval of the CEO Board during his employment, Executive will not: (a) engage in any business activities other than on behalf of the Company; (b) serve as an officer, general partner, or member in any for-profit corporation, partnership or firm; or (c) directly or indirectly invest in, participate in, or acquire an interest in any entity engaged in a similar or competing business, except that Executive may make passive investments in the publicly traded stock of any entity whose securities are listed on a public exchange, provided that Executive does not acquire more than one percent of the outstanding publicly traded shares. Nothing in this section precludes Executive from engaging in charitable, educational, or other civic or non-profit activities, if those activities do not interfere with Executive’s duties to the Company or otherwise reflect negatively upon the Company.

Limitations on Outside Activities. During Executive’s 's employment with the Company, Executive shall not engage in any activity that conflicts with or is detrimental to the Company’s 's best interests, as determined by the Company in its sole discretion, and Executive will devote his full business time, ability, knowledge and attention to the Company’s 's business affairs and interests. Except for activities expressly authorized by the prior written approval of the CEO Board during his employment, Executive will not: (a) engage in any business activities other than on behalf of the Company; (b) serve as an officer, general partner, or member in any for-profit corporation, partnership or firm; or (c) directly or indirectly invest in, participate in, or acquire an interest in any entity engaged in a similar or competing business, except that Executive may make passive investments in the publicly traded stock of any entity whose securities are listed on a public exchange, provided that Executive does not acquire more than one percent of the outstanding publicly traded shares. Nothing in this section precludes Executive from engaging in charitable, educational, or other civic or non-profit activities, if those activities do not interfere with Executive’s 's duties to the Company or otherwise reflect negatively upon the Company.