Common use of No Other Employment; Minimum Time Commitment Clause in Contracts

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Board. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliates, successors or assigns.

Appears in 8 contracts

Samples: Employment Agreement (Spectrum Global Solutions, Inc.), Employment Agreement (Spectrum Global Solutions, Inc.), Employment Agreement (Spectrum Global Solutions, Inc.)

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No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Companydescribed in Section 1.2 above, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without other than employment for the express written approval of the BoardCompany Group. The Executive’s service on the boards of directors (or similar body) of other business entities (other than the Company Group) is subject to the approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines in writing that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company Group or that any business related to such service is then in competition with any business of the Company Group or any of its Affiliates, their successors or assigns.

Appears in 6 contracts

Samples: Employment Agreement (Cuprina Holdings (Cayman) LTD), Employment Agreement (BTC Digital Ltd.), Employment Agreement (Intchains Group LTD)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the prior written approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in direct or indirect competition with any business of the Company or any of its Affiliates, successors or assigns.

Appears in 6 contracts

Samples: Employment Agreement (Cepton, Inc.), Employment Agreement (Cepton, Inc.), Employment Agreement (Growth Capital Acquisition Corp.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s 's business time, energy and skill to the performance of the Executive’s 's duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s 's service on the boards of directors (or similar body) of other business entities is subject to the approval of the CEO or the Company's Board of Directors (the “Board”). The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s 's service on such board or body interferes with the effective discharge of the Executive’s 's duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliatesaffiliates, successors or assigns.

Appears in 5 contracts

Samples: Employment Agreement (Corelogic, Inc.), Employment Agreement (Corelogic, Inc.), Employment Agreement (Corelogic, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 4 contracts

Samples: Employment Agreement (Amc Entertainment Holdings, Inc.), Employment Agreement (Amc Entertainment Inc), Employment Agreement (Marquee Holdings Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the CEO or the Company’s Board of Directors (the “Board”). The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliatesaffiliates, successors or assigns.

Appears in 3 contracts

Samples: Employment Agreement (Corelogic, Inc.), Employment Agreement (Corelogic, Inc.), Employment Agreement (Corelogic, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the Company’s Board of Directors (the “Board”). The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliatesaffiliates, successors or assigns.

Appears in 2 contracts

Samples: Employment Agreement (Corelogic, Inc.), Employment Agreement (Corelogic, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his her abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the Parent Board. The Company Parent Board shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Parent Board reasonably determines that the Executive’s service on such board or body substantially interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 2 contracts

Samples: Employment Agreement (Francesca's Holdings CORP), Employment Agreement (Francesca's Holdings CORP)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive Officer shall (i) devote substantially all of the ExecutiveOfficer’s business time, energy and skill to the performance of the ExecutiveOfficer’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his his/her abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The ExecutiveOfficer’s service on the boards of directors (or similar body) of other for-profit business entities is subject to the approval of the Board. The Company shall have the right to require the Executive Officer to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he may then serve if the Board reasonably determines that the ExecutiveOfficer’s service on such board or body interferes with the effective discharge of the ExecutiveOfficer’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 2 contracts

Samples: Employment Agreement (Amc Entertainment Inc), Employment Agreement (Amc Entertainment Holdings, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the Parent Board. The Company Parent Board shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Parent Board reasonably determines that the Executive’s service on such board or body substantially interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 2 contracts

Samples: Employment Agreement (Francesca's Holdings CORP), Employment Agreement (Francesca's Holdings CORP)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his the Executive’s abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the prior written approval of the BoardBoard of the Company. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he the Executive may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes in any material respect with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in direct or indirect competition with any business of the Company or any of its Affiliates, successors or assigns.

Appears in 2 contracts

Samples: Employment Agreement (AFC Gamma, Inc.), Employment Agreement (AFC Gamma, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (RedPrairie Holding, Inc.)

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No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s 's business time, energy and skill to the performance of the Executive’s 's duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Board. The Executive’s 's service on the boards of directors (or similar body) of other business entities is subject to the approval of the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s 's service on such board or body interferes with the effective discharge of the Executive’s 's duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliates, successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Intercloud Systems, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s 's business time, energy and skill to the performance of the Executive’s 's duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s 's service on the boards of directors (or similar body) of other business entities is subject to the approval of the CEO or the Company's Board of Directors (the "Board"). The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board reasonably determines that the Executive’s 's service on such board or body interferes with the effective discharge of the Executive’s 's duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliatesaffiliates, successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Corelogic, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall shall: (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, ; (ii) perform such duties in a faithful, effective effective, and efficient manner to the best of his abilities, ; and (iii) hold no other employment without the express written approval of the Boardemployment. The Board encourages Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of entities, but such service must be approved by the Board. The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he may then serve serve, if the Board reasonably determines that the Executive’s service on in such board or body capacity interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Angiodynamics Inc)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive Officer shall (i) devote substantially all of the ExecutiveOfficer’s business time, energy and skill to the performance of the ExecutiveOfficer’s duties for the Company, (ii) perform ​ ​ such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The ExecutiveOfficer’s service on the boards of directors (or similar body) of other for-profit business entities is subject to the approval of the BoardBoard or the Company’s Chief Executive Officer. The Company shall have the right to require the Executive Officer to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he may then serve if the Board or the Company’s Chief Executive Officer reasonably determines that the ExecutiveOfficer’s service on such board or body interferes with the effective discharge of the ExecutiveOfficer’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Amc Entertainment Holdings, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive Officer shall (i) devote substantially all of the ExecutiveOfficer’s business time, energy and skill to the performance of the ExecutiveOfficer’s duties for the Company, (ii) perform ​ ​ such duties in a faithful, effective and efficient manner to the best of his her abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The ExecutiveOfficer’s service on the boards of directors (or similar body) of other for-profit business entities is subject to the approval of the BoardBoard or the Company’s Chief Executive Officer. The Company shall have the right to require the Executive Officer to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he she may then serve if the Board or the Company’s Chief Executive Officer reasonably determines that the ExecutiveOfficer’s service on such board or body interferes with the effective discharge of the ExecutiveOfficer’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Amc Entertainment Holdings, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive Officer shall (i) devote substantially all of the ExecutiveOfficer’s business time, energy and skill to the performance of the ExecutiveOfficer’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The ExecutiveOfficer’s service on the boards of directors (or similar body) of other for-profit business entities is subject to the approval of the BoardBoard or the Company’s Chief Executive Officer. The Company shall have the right to require the Executive Officer to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he may then serve if the Board or the Company’s Chief Executive Officer reasonably determines that the ExecutiveOfficer’s service on such board or body interferes with the effective discharge of the ExecutiveOfficer’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Amc Entertainment Holdings, Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment without the express written approval of the Boardemployment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the CEO or the Company’s Board of Directors (the “Board”). The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board or CEO reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliatesaffiliates, successors or assigns.

Appears in 1 contract

Samples: Employment Agreement (Corelogic, Inc.)

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