No Outside Employment. It is the specific intention of the parties that Employee shall devote 100% of his business time and energy as an employee of Company and shall not, during the term of this Agreement, either directly or indirectly, be employed by, actively engaged in or associated with any other business whether within Company's industry or not. Any such outside employment by Employee shall be a breach of this Agreement as a result of which Company shall have the right to terminate this Agreement as provided in Item 11 hereof.
Appears in 10 contracts
Samples: Employment and Stock Repurchase Agreement (MGC Communications Inc), Employment and Stock Repurchase Agreement (MGC Communications Inc), Employment and Stock Repurchase Agreement (MGC Communications Inc)
No Outside Employment. It is the specific intention of the parties that Employee shall devote 100% of his business time and energy as an employee of Company and shall not, during the term of this Agreement, either directly or indirectly, be employed by, actively engaged in or associated with any other business whether within Company's industry or not. Any such outside employment by Employee shall be a breach of this Agreement as a result of which Company shall have the right to terminate this Agreement as provided in Item 11 12 hereof.
Appears in 2 contracts
Samples: Employment and Stock Repurchase Agreement (MGC Communications Inc), Employment and Stock Repurchase Agreement (MGC Communications Inc)
