NO ADDITIONAL OCCUPATION Sample Clauses
NO ADDITIONAL OCCUPATION. 13.1 Without the prior written consent from the Employer, the Employee shall not accept any assignment paid or unpaid with or for third parties.
13.2 Subject to the approval of the Board of Directors of Employer Employee is entitled to accept board member ships.
NO ADDITIONAL OCCUPATION. 12.1 The Executive shall refrain from accepting remunerated or time consuming non-remunerated work activities with or for third parties or from doing business for his own account without the prior written consent of the Supervisory Board. This obligation also applies to any direct or indirect financial interest in any company or business activity with the exception of ownership of stock traded on a recognised stock exchange as long as the Executive holds less than 5% of such traded stock.
NO ADDITIONAL OCCUPATION. 11.1 The Managing Director shall refrain from accepting remunerated or time consuming non-remunerated work activities with or for third parties or from doing business for his own account without the prior written consent of the shareholders of the Company.
NO ADDITIONAL OCCUPATION. 13.1 The Executive shall refrain from accepting remunerated or time consuming non-remunerated work activities with or for third parties or from doing business for his own account without the prior written consent of the Chairman of the ASML Supervisory Board. ASML shall be entitled to any remuneration resulting from such work activities.
NO ADDITIONAL OCCUPATION. 13.1 Taking into account the Executive’s other approved positions within the group, the Executive has the duty to dedicate all his energy to the interests of the Company as and when required. The Executive shall refrain from accepting remunerated or time-consuming non-remunerated work activities with or for third parties not belonging to the Company’s group, including but not limited to supervisory or non-executive directorships and board positions, or from doing business for his own account without prior explicit written consent of the Supervisory Board of the Company.
NO ADDITIONAL OCCUPATION. 14.1 The CEO shall refrain from accepting remuneration or time consuming non-remunerated work activities with or for third parties or from doing business for his own account without the prior written consent of the Company.
NO ADDITIONAL OCCUPATION. Without the written consent of the Company, the Executive shall not be engaged or involved in any manner, in any profession or enterprise, inclusive of any direct or indirect financial interests in any other enterprise, with the exception of ownership of common shares registered at a Stock Exchange of said enterprise. The Executive shall refrain from accepting remunerated or time-consuming non-remunerated work activities with or for third parties or from doing business for his own account without the prior written consent of the Supervisory Board. With respect to accepting external Supervisory Board memberships, the Executive needs the prior written approval from the Chairman of the Executive Board and from the Chairman of the Supervisory Board.
NO ADDITIONAL OCCUPATION. 12.1 The Statutory Director shall refrain from accepting remunerated or time consuming non-remunerated work activities with or for third parties or from doing business for his own account without the prior written consent of ASML.
NO ADDITIONAL OCCUPATION. 11.1 The Executive shall refrain from accepting remunerated or time consuming non-remunerated work activities with or for third parties, not belonging to the Company and/or any of its affiliated companies, or from doing business for his own account without the prior written consent of the Company. The Company shall, however, not unreasonably withhold consent to a request of the Executive to accept an invitation to become a member of a Supervisory Board (but with a maximum of two and not in the role of Chairman) of a company that conducts activities in a field that does not compete with the Company or any affiliated companies of the Company.
NO ADDITIONAL OCCUPATION. 12.1 The Managing Director shall perform his obligations on a full-time basis and shall not, without a prior approval from the Supervisory Board, engage in any other paid or unpaid activity, which approval shall not be withheld unreasonably.
12.2 Activities referred to in sub-section 1 that the Managing Director is currently engaged in or at some time in the future is asked to be engaged in will be discussed between him and the Supervisory Board. The Supervisory Board will subsequently decide whether the Managing Director is authorised to commence or continue some or all of these activities or should terminate them. If the latter applies to activities that the Managing Director is currently engaged in, the Managing Director and Supervisory Board will jointly agree on a schedule, allowing the Managing Director to terminate such activities as soon as reasonably possible. In that case the Managing Director will take the initiative and will provide a draft schedule to the Supervisory Board within four weeks after the Commencement Date of this agreement.