Managers May Engage in Other Activities Sample Clauses

Managers May Engage in Other Activities. The Manager shall have the right to participate in other business ventures of every kind, whether or not such other business ventures compete with the Company. The Manager shall not be obligated to offer to the Company or to Members any opportunity to participate in any such other business venture, nor shall the Manager be obligated to obtain permission of the Members in order to engage in other activities. Neither the Company nor the Members shall have any right to any income or profit derived from any such other business venture of Manager.
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Managers May Engage in Other Activities. Subject to the terms of any employment or consulting agreement between any Manager and the Company, Managers who are not employees of the Company or any of its Subsidiaries are not obligated to devote all of their time or business efforts to the affairs of the Company; provided that the Managers shall devote such time, effort and skill as is necessary for the proper operation of the Company and the Business and provided, further, that no Manager who is an employee of the Company or any of its Subsidiaries, while serving as a Manager of the Company, may in any manner compete with the Company or the Business except in their capacity as an officer, director or employee of any Subsidiary of the Company (provided that ownership of two percent (2%) or less of any entity whose securities have been registered under the Securities Act or Section 12 of the Exchange Act shall not be deemed to violate this Section 5.8). Subject to the foregoing, the Managers may have other business interests and may engage in other activities in addition to those related to the Company. Neither the Company nor any Member shall have the right, by virtue of this Agreement, to share or participate in such other investments or activities of any Manager or to the income derived therefrom.
Sample 1
Managers May Engage in Other Activities. Subject to the terms of any employment, consulting, noncompetition, or other agreement between any Manager and the Company or any of its Subsidiaries, Managers are not obligated to devote all of their time or business efforts to the affairs of the Company; provided, that the Managers shall devote such time, effort and skill as is necessary for the proper operation of the Company and the Business. Subject to the foregoing, the Managers may have other business interests and may engage in other activities in addition to those related to the Company. Neither the Company nor any Member shall have the right, by virtue of this Agreement, to share or participate in such other investments or activities of any Manager or to the income derived therefrom.
Sample 1
Managers May Engage in Other Activities. The Managers are not obligated to devote all of their time or business efforts to the affairs of the Company. The Managers shall devote whatever time, effort and skill as they deem appropriate for the operation of the Company. Each Manager of the Company, either individually or with others, shall have the right to participate in other business ventures of every kind, provided that such Manager is not involved in the management of any business venture(s) that compete(s) with the Company. No Manager, acting in the capacity of a Manager, shall be obligated to offer to the Company or to the Members any opportunity to participate in any other business venture. Neither the Company nor its Members shall have any right to any income or profit derived from any other business venture of a Manager.
Sample 1

Related to Managers May Engage in Other Activities

  • Other Activities/Renovations A. The Contractor acknowledges its responsibility to assure the Judicial Council’s quiet enjoyment of the Program and to provide the full service level of the Property for the Program, free from outside distractions, disturbances, and/or interruptions. The Contractor shall avoid assigning any rooms to the Judicial Council or the Attendees during the Program which are adjacent to or across from any group or activity that may generate noise or other distractions, such as construction or other conduct, sufficient to detract from quiet enjoyment of the Program on the Property. B. Additionally, the Contractor shall notify the Judicial Council of any actual or contemplated renovations or other construction that will or may occur on or adjacent to the Property during the Program, no later than fourteen (14) Days from the time the Contractor learns of such renovation or construction activity. C. For any disturbance, renovation, or construction activity that is potentially or actually inconvenient or disruptive to the Program, upon the Judicial Council’s request, the Contractor shall: i. Immediately cause such disturbance to cease, if possible, or suspend or minimize construction or renovation on the Property, if necessary, in order to maintain a proper environment for the Program; and/or ii. Immediately provide equivalent alternate space on the Property, satisfactory to the Program Manager, conducive to conducting the Program in a proper environment. D. If the Contractor is unable to comply with the conditions set forth in this provision, the Judicial Council may terminate the Agreement pursuant to the termination for cause provision set forth herein.

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