Common use of Loyal and Conscientious Performance Noncompetition Clause in Contracts

Loyal and Conscientious Performance Noncompetition. 2.1 During her employment by the Company, Executive will devote her full business employment, interest, abilities and productive time to the proper and efficient performance of her duties under this Agreement. Executive may not be employed by another company or receive compensation for employment from any other sources. 2.2 During her employment by the Company, Executive may not engage in competition with the Company, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, partner, officer, director, employee, member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products that are in the same field of use or which otherwise directly compete with the products or proposed products of the Company.

Appears in 5 contracts

Samples: Employment Agreement (Lipid Sciences Inc/), Employment Agreement (Nz Corp), Employment Agreement (Nz Corp)

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Loyal and Conscientious Performance Noncompetition. 2.1 During her his employment by the Company, Executive will devote her his full business employment, interest, abilities and productive time to the proper and efficient performance of her his duties under this Agreement. Executive may not be employed by another company or receive compensation for employment from any other sources. 2.2 During her his employment by the Company, Executive may not engage in competition with the Company, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, partner, officer, director, employee, member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products that are in the same field of use or which otherwise directly compete with the products or proposed products of the Company.

Appears in 4 contracts

Samples: Employment Agreement (Nz Corp), Employment Agreement (Nz Corp), Employment Agreement (Nz Corp)

Loyal and Conscientious Performance Noncompetition. 2.1 A. During her his employment by the Company, Executive will shall devote her his full business employmentenergies, interest, abilities and productive time to the proper and efficient performance of her his duties under this Agreement. Executive may not be employed by another company or receive compensation for employment from any other sourcesIt is estimated that work required will consume approximately ten hours per week. 2.2 B. During her his employment by the Company, Executive may shall not engage in competition with the Company, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, partner, officer, director, employee, member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products that which are in the same field of use or which otherwise directly compete with the products or proposed products of the Company. Company acknowledges that current work for Net Element does not create any competition with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Itrackr Systems Inc), Employment Agreement (Itrackr Systems Inc)

Loyal and Conscientious Performance Noncompetition. 2.1 During her his employment by the Company, Executive will devote her his full business employment, interest, abilities and productive time to the proper and efficient performance of her his duties under this Agreement. Executive may not be employed by another company or receive compensation for employment from any other sources. 2.2 source. During her his employment by the Company, Executive may not engage in competition with the Company, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, partner, officer, director, employee, member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products that are in the same field of use or which otherwise directly compete with the products or proposed products of the Company.

Appears in 1 contract

Samples: Employment Agreement (Lipid Sciences Inc/)

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Loyal and Conscientious Performance Noncompetition. 2.1 During her his employment by the Company, Executive will devote her his full business employment, interest, abilities and productive time to the proper and efficient performance of her his duties under this Agreement. Executive may not be employed by another company or receive compensation for employment from any other sources. 2.2 . During her his employment by the Company, Executive may not engage in competition with the Company, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, partner, officer, director, employee, member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products that are in the same field of use or which otherwise directly compete with the products or proposed products of the Company.

Appears in 1 contract

Samples: Employment Agreement (Nz Corp)

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