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 the Executive’s abilities, and (iii) hold no other employment. The Executive’s service on the boards of directors (or similar body) of other business entities (for purposes of this sentence, not including civic and charitable boards and similar bodies) 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 the Executive 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.

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 CompanyXxxxxx and KRLP, (ii) perform such duties in a faithful, effective and efficient manner to the best of the Executive’s abilities, and (iii) hold no other employment. The Executive’s service on the boards of directors (or similar body) of other business entities (for purposes of this sentence, not including civic and charitable boards and similar bodies) is subject to the prior written approval of the BoardBoard (or a committee thereof). 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 the Executive may then serve if the CEO or the Board (or a committee thereof) 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.

No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all at least 70% 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 the Executive’s his abilities, and (iii) hold no other employmentemployment without the express written approval of the Board. In furtherance of the foregoing, during the Period of Employment Executive may continue to serve as the Chief Executive Officer of GoCOM Corporation. The Executive’s service on the boards of directors (or similar body) of other business entities (for purposes of this sentence, not including civic and charitable boards and similar bodies) 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 the Executive 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.

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 the Executive’s his/her abilities, and (iii) hold no other employment. The ExecutiveOfficer’s service on the boards of directors (or similar body) of other for-profit business entities (for purposes of this sentence, not including civic and charitable boards and similar bodies) is subject to the prior written 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 the Executive 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 direct or indirect competition with any business of the Company or any of its AffiliatesAffiliates (as such term is defined in Section 5.5), successors or assigns.