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

No Other Employment; Minimum Time Commitment. During the Period of Employment, Executive shall (i) devote substantially all of Executive’s business time, energy and skill to the performance of Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of Executive’s abilities, and (iii) hold no other employment; provided, however, that nothing in this Agreement shall limit or restrict Executive from (x) serving on boards of directors (or similar bodies) of other entities (including, without limitation, any association, corporate, civic, for profit or charitable board or similar body) or (y) management of Executive’s personal investments, so long as (A) such activities do not interfere in any material respect with the effective discharge of Executive’s duties and responsibilities to the Company hereunder, (B) no business related to such activities is in direct or indirect competition with any business of the Company, any Affiliate or any of their respective successors or assigns and (C) Executive gives written notice to the Officer of any significant outside business activity in which Executive plans to become involved, whether or not such activity is pursued for profit.

Appears in 2 contracts

Samples: Employment Agreement (Surf Air Mobility Inc.), Employment Agreement (Surf Air Mobility Inc.)

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No Other Employment; Minimum Time Commitment. During the Period of Employment, Executive shall (i) devote substantially all of Executive’s business time, energy and skill to the performance of Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of Executive’s abilities, and (iii) hold no other employment; provided, however, that nothing in this Agreement shall limit or restrict Executive from (x) serving on boards of directors (or similar bodies) of other entities (including, without limitation, any association, corporate, civic, for profit or charitable board or similar body) or (y) management and direction of Executive’s personal investments, so long as (A) such activities do not interfere in any material respect with the effective discharge of Executive’s duties and responsibilities to the Company hereunder, (B) no business related to such activities is in direct or indirect competition with any business of the Company, any Affiliate or any of their respective successors or assigns and (C) Executive gives written provides notice to the Officer Board of any significant outside business activity in which Executive plans to become involved, whether or not such activity is pursued for profit.

Appears in 2 contracts

Samples: Employment Agreement (Surf Air Mobility Inc.), Employment Agreement (Surf Air Mobility Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, Executive shall (i) devote substantially all of Executive’s business time, energy and skill to the performance of Executive’s duties for the Company, (ii) perform such his duties in a faithful, effective and efficient manner to the best of Executive’s abilitiesgood faith , and (iii) hold no other employment; provided, however, that nothing in this Agreement shall limit or restrict Executive from (x) serving in his current capacity for Little & Xxxxxx, PLLC, (y) serving on boards of directors (or similar bodies) of other entities (including, without limitation, any association, corporate, civic, for profit or charitable board or similar body) or (yz) management and direction of Executive’s personal investments, so long as (A) such activities do not interfere in any material respect with the effective discharge of Executive’s duties and responsibilities to the Company hereunder, (B) no business related to such activities is are not in direct or indirect material competition with any business of the Company, any Affiliate or any of their respective successors or assigns and (C) Executive gives written provides notice to the Officer of any significant outside business activity in which Executive plans to become involved, whether or not such activity is pursued for profit.

Appears in 2 contracts

Samples: Employment Agreement (Surf Air Mobility Inc.), Employment Agreement (Surf Air Mobility Inc.)

No Other Employment; Minimum Time Commitment. During the Period of Employment, Executive shall (i) devote substantially all of Executive’s business time, energy and skill to the performance of Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of Executive’s abilities, and (iii) hold no other employment; provided, however, that nothing in this Agreement shall limit or restrict Executive from (x) serving on boards of directors (or similar bodies) of other entities (including, without limitation, any association, corporate, civic, for profit or charitable board or similar body) or (y) management and direction of Executive’s personal investments, so long as (A) such activities do not interfere in any material respect with the effective discharge of Executive’s duties and responsibilities to the Company hereunder, (B) no business related to such activities is in direct or indirect competition with any business of the Company, any Affiliate or any of their respective successors or assigns and (C) Executive gives written notice to the Officer of any significant outside business activity in which Executive plans to become involved, whether or not such activity is pursued for profit.

Appears in 1 contract

Samples: Employment Agreement (Surf Air Mobility Inc.)

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No Other Employment; Minimum Time Commitment. During the Period of Employment, Executive shall (i) devote substantially all a material amount of Executive’s business time, energy and skill to the performance of Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of Executive’s abilities, and (iii) hold no other unapproved employment; provided, however, that nothing in this Agreement shall limit or restrict Executive from (x) serving on boards of directors (or similar bodies) of other entities (including, without limitation, any association, corporate, civic, for profit or charitable board or similar body) or (y) management and direction of Executive’s personal investmentsinvestments and family business investments and interests, so long as (A) such activities do not interfere in any material respect with the effective discharge of Executive’s duties and responsibilities to the Company hereunder, (B) no business related to such activities is in direct or indirect competition with any business of the Company, any Affiliate or any of their respective successors or assigns and (C) Executive gives written provides notice to the Officer Board of Directors of the Company (the “Board”) of any significant outside business activity in which Executive plans to become involved, whether or not such activity is pursued for profit.

Appears in 1 contract

Samples: Employment Agreement (Surf Air Mobility Inc.)

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