No Conflicting Duties. Except as provided in Exhibit A hereto, during the term hereof, the Executive shall not serve as an officer, director, employee, consultant or advisor to any other business; provided, however, that the Executive may serve as a director of another corporation so long as (i) such corporation does not compete, directly or indirectly, with the Company or any of its Affiliates for such products as defined as "Competitive Products" in Exhibit B attached to this Agreement, and (ii) such services do not adversely affect Executive's ability to perform his duties under this Agreement, unless such other service is approved by the CEO or Board of Directors of the Company. For purposes of this Agreement, the term "Affiliate" means any corporation, association or other business entity of which more than 50% of the total voting power of shares of stock entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled by the Company. Notwithstanding the foregoing, nothing contained herein shall prevent Executive from making and expending any time of passive personal investments and/or expending reasonable amounts of time for educational and charitable activities. Except as provided in Exhibit A hereto, the Executive confirms that he is under no contractual commitment inconsistent with his obligations set forth in this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Radiance Medical Systems Inc /De/), Employment Agreement (Radiance Medical Systems Inc /De/)
No Conflicting Duties. Except as provided in Exhibit A hereto, during the term hereof, the Executive shall not serve as an officer, director, employee, consultant or advisor to any other business; provided, however, that the Executive may serve as a director of another corporation so long as (i) such corporation does not compete, directly or indirectly, with the Company or any of its Affiliates for such products as defined as "Competitive in the area of Vascular Radiation Products" in Exhibit B attached to this Agreement, and (ii) such services do not adversely affect Executive's ability to perform his duties under this Agreement, unless such other service is approved by the CEO or Board of Directors of the Company. For purposes of this Agreement, the term "Affiliate" means any corporation, association or other business entity of which more than 50% of the total voting power of shares of stock entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled by the Company. Notwithstanding the foregoing, nothing contained herein shall prevent Executive from making and expending any time of passive personal investments and/or expending reasonable amounts of time for educational and charitable activities. Except as provided in Exhibit A hereto, the Executive confirms that he is under no contractual commitment inconsistent with his obligations set forth in this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Radiance Medical Systems Inc /De/)
No Conflicting Duties. Except as provided in Exhibit A hereto, during the term hereof, the Executive shall not serve as an officer, director, employee, consultant or advisor to any other business; provided, however, that the Executive may serve as a director of another corporation so long as (i) such corporation does not compete, directly or indirectly, with the Company or any of its Affiliates for such products as defined as "Competitive Products" in Exhibit B attached to this Agreement, and (ii) such services do not adversely affect Executive's ability to perform his her duties under this Agreement, unless such other service is approved by the CEO or Board of Directors of the Company. For purposes of this Agreement, the term "Affiliate" means any corporation, association or other business entity of which more than 50% of the total voting power of shares of stock entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled by the Company. Notwithstanding the foregoing, nothing contained herein shall prevent Executive from making and expending any time of passive personal investments and/or expending reasonable amounts of time for educational and charitable activities. Except as provided in Exhibit A hereto, the Executive confirms that he she is under no contractual commitment inconsistent with his her obligations set forth in this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Radiance Medical Systems Inc /De/)
No Conflicting Duties. Except as provided in Exhibit A hereto, during the term hereof, the Executive shall not serve as an officer, director, employee, consultant or advisor to any other business; provided, however, that the Executive may serve as a director of another corporation so long as (i) such corporation does not compete, directly or indirectly, with the Company or any of its Affiliates for such products as defined as "Competitive Products" in Exhibit B attached to this Agreement, and (ii) such services do not adversely affect Executive's ability to perform his duties under this Agreement, unless such other service is approved by the CEO or the Board of Directors of the Company. For purposes of this Agreement, the term "Affiliate" means any 2 corporation, association or other business entity of which more than 50% of the total voting power of shares of stock entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled by the Company. Notwithstanding the foregoing, nothing contained herein shall prevent Executive from making and expending any time of passive personal investments and/or expending reasonable amounts of time for educational and charitable activities. Except as provided in Exhibit A hereto, the Executive confirms that he is under no contractual commitment inconsistent with his obligations set forth in this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Radiance Medical Systems Inc /De/)
No Conflicting Duties. Except as provided in Exhibit A hereto, during the term hereof, the Executive shall not serve as an officer, director, employee, consultant or advisor to any other business; provided, however, that the Executive may serve as a director of another corporation so long as (i) such corporation does not compete, directly or indirectly, with the Company or any of its Affiliates for such products as defined as "Competitive Products" in Exhibit B attached to this Agreement, and (ii) such services do not adversely affect Executive's ability to perform his duties under this Agreement, unless such other service is approved by the CEO or Board of Directors of the Company. For purposes of this Agreement, the term "Affiliate" means any corporation, association or other business entity of which more than 50% of the total voting power of shares of stock entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled by the Company. Notwithstanding the foregoing, nothing contained herein shall prevent Executive from making and expending any time of passive personal investments and/or expending reasonable amounts of time for educational and charitable activities. Except as provided in Exhibit A hereto, the Executive confirms that he is under no contractual commitment inconsistent with his obligations set forth in this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Radiance Medical Systems Inc /De/)
No Conflicting Duties. Except as provided in Exhibit A hereto, during the term hereof, the Executive shall not serve as an officer, director, employee, consultant or advisor to any other business; provided, however, that the Executive may serve as a director of another corporation so long as (i) such corporation does not compete, directly or indirectly, with the Company or any of its Affiliates for such products as defined as "Competitive Products" in Exhibit B attached to this Agreement, and (ii) such services do not adversely affect Executive's ability to perform his duties under this Agreement, unless such other service is approved by the CEO or the Board of Directors of the Company. For purposes of this Agreement, the term "Affiliate" means any corporation, association or other business entity of which more than 50% of the total voting power of shares of stock entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled by the Company. Notwithstanding the foregoing, nothing contained herein shall prevent Executive from making and expending any time of passive personal investments and/or expending reasonable amounts of time for educational and charitable activities. Except as provided in Exhibit A hereto, the Executive confirms that he is under no contractual commitment inconsistent with his obligations set forth in this Agreement.
Appears in 1 contract
Samples: License Agreement