No Outside Interests. Until the earlier of eighteen (18) months from the Closing Date or the Restriction Termination Date, the Company’s chairman and chief executive officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman or chief executive officer, as the case may be, except that he or she may devote time, which shall not be material and which shall not interfere with his or her duties as the Company’s chairman or chief executive officer, as the case may be, to personal passive investments and charitable and community activities.
Appears in 1 contract
Samples: Securities Purchase Agreement (China Power Equipment, Inc.)
No Outside Interests. Until the earlier of eighteen (18) months from the Closing Date or the Restriction Termination Date, the Company’s chairman chairman, chief executive officer and chief executive financial officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman chairman, chief executive officer or chief executive financial officer, as the case may be, except that he or she may devote time, which shall not be material and which shall not interfere with his or her duties as the Company’s chairman chairman, chief executive officer or chief executive financial officer, as the case may be, to personal passive investments and charitable and community activities.
Appears in 1 contract
Samples: Securities Purchase Agreement (China Education Alliance Inc.)
No Outside Interests. Until the earlier of eighteen (18) months from the Closing Date or the Restriction Termination Date, the Company’s chairman and chairman, chief executive officer, chief financial officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman or chief executive officer, as the case may beCompany’s, except that he or she they may devote time, time which shall not be material and which shall not interfere with his or her duties as the Company’s chairman or chief executive officer, as the case may be, to personal passive investments and charitable and community activities.
Appears in 1 contract
Samples: Series B Convertible Preferred Stock Purchase Agreement (Entech Environmental Technologies Inc)
No Outside Interests. Until the earlier of eighteen (18) months from the Closing Date or the Restriction Termination Date, the Company’s chairman and chief executive officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman or chief executive officer, as the case may be, except that he or she may devote time, which shall not be material and which shall not interfere with his or her duties as the Company’s chairman or chief executive officer, as the case may be, to personal passive investments and charitable and community activities.
Appears in 1 contract
Samples: Securities Purchase Agreement (Biostar Pharmaceuticals, Inc.)
