No Engagement. Until the first anniversary of a Qualified IPO or the Change of Control (as defined in the Restated Articles), whichever is earlier, each Founder (i) shall be subject to the terms and conditions of an employment agreement with a Group Company and devote all his professional time to attend the business of the Group Companies; (ii) shall not seek or engage in any other business (no matter whether such business is similar to or competing with the Business) or endeavors unless with prior written approval of the Investors; and (iii) shall not resign from the Group Companies unless his resignation or alternative arrangement for such resignation is approved by the Investors.
Appears in 5 contracts
Samples: Preferred Shares Purchase Agreement, Series B Preferred Shares Purchase Agreement (Niu Technologies), Preferred Shares Purchase Agreement (Niu Technologies)
