Common use of Loyalty; Noncompetition Clause in Contracts

Loyalty; Noncompetition. (a) During the term of employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Employee shall devote all business time, attention, skill, and efforts to the faithful performance of duties to the Company hereunder and/or to its affiliates; provided, however, that from time to time the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present, in the reasonable opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Employee’s duties pursuant to this Agreement, or will not violate any applicable statute or regulation. During the term of employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company and/or its affiliates, or be gainfully employed in any other position or job other than as provided above. . (b) Nothing contained in this Paragraph 6 shall be deemed to prevent or limit the Employee’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company, or to participate solely as a passive or minority investor in any business.

Loyalty; Noncompetition. (a) During the term of employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Employee shall devote all business time, attention, skill, and efforts to the faithful performance of duties to the Company hereunder and/or to its affiliates; provided, however, that from time to time the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present, in the reasonable opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Employee’s duties pursuant to this Agreement, or will not violate any applicable statute or regulation. During the term of employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company and/or its affiliates, or be gainfully employed in any other position or job other than as provided above. . (b) Nothing contained in this Paragraph 6 shall be deemed to prevent or limit the Employee’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company, or to participate solely as a passive or minority investor in any business.

Loyalty; Noncompetition. (a) During the term of employment hereunder and except for illnesses, reasonable vacation periods, periods and reasonable leaves of absence, the Employee shall devote all business time, attention, skill, skill and efforts to the faithful performance of duties hereunder to the Company hereunder and/or to and its affiliatessubsidiaries; provided, however, that from time to time the Employee may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations which will not present, in the reasonable opinion of the Board, present any conflict of interest with the Company or any of its subsidiaries or affiliates, or unfavorably affect the performance of the Employee’s 's duties pursuant to this Agreement, Agreement or will not violate any applicable statute or regulation. During the term of employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interests of the Company and/or its affiliatesCompany, or be gainfully employed in any other position or job other than as provided above. .; and (b) Nothing contained in this Paragraph Section 6 shall be deemed to prevent or limit the Employee’s 's right to invest in the capital stock or other securities of any business dissimilar from that of the Company, or to participate or, solely as a passive or minority investor investor, in any business.