Common use of Obligations to the Company Clause in Contracts

Obligations to the Company. During his Employment, the Executive shall devote his full business efforts and time to the Company. In addition, during his Employment, without the prior written approval of the Company’s Board of Directors (the “Board”), the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power of any other entity. The Executive shall comply with the Company’s policies and rules, as they may be in effect from time to time during his Employment.

Appears in 7 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

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Obligations to the Company. During the term of his Employment, the Executive shall devote his full business efforts and time to the Company. In addition, during During the term of his Employment, without the prior written approval of the Company’s Board of Directors (the “Board”), the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power stock of any other entitycorporation. The Executive shall comply with the Company’s policies and rules, as they may be in effect from time to time during the term of his Employment.

Appears in 3 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

Obligations to the Company. During the term of his Employment, the Executive shall devote his full business efforts and time to the Company. In addition; provided, during his Employmenthowever, without that this shall not preclude the prior written approval Executive from serving as a non-executive member of the Company’s Board board of Directors (directors of up to three other companies to the “Board”), extent such other companies do not compete with the Company and that such service does not materially impact the ability of the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of fulfill his obligations to the voting power of any other entityCompany. The Executive shall comply with the Company’s 's policies and rules, as they may be in effect from time to time during the term of his Employment.

Appears in 1 contract

Samples: Employment Agreement (Virologic Inc)

Obligations to the Company. During the term of his Employment, the Executive shall devote his full business efforts and time to the Company. In addition, during During the term of his Employment, without the prior written approval of the Company’s Board board of Directors directors (the “Board”), the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power stock of any other entitycorporation. The Executive shall comply with the Company’s policies and rules, as they may be in effect from time to time during the term of his Employment.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Obligations to the Company. During his Employmentthe term of employment under this Agreement, the Executive shall devote his full business efforts and time to the Company. In additionThe foregoing shall not preclude the Executive from engaging in appropriate civic, during his Employmentcharitable or religious activities or from devoting a minor amount of time to private investments or from serving on the boards of directors of other entities, without the prior written approval of as long as such activities and/or services do not interfere or conflict with his/her responsibilities to the Company’s Board of Directors (the “Board”), the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power of any other entity. The Executive shall comply with the Company’s 's policies and rules, as they may be in effect from time to time during his Employment.

Appears in 1 contract

Samples: Employment Agreement (Natural Gas Systems Inc/New)

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Obligations to the Company. During the term of his Employment, the Executive shall devote his full business efforts and time to the Company. In addition, during During the term of his Employment, without the prior written approval of the Company’s Board of Directors (the “Board”), the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power stock of any other entitycorporation. The Executive shall comply with the Company’s policies and rules, as they may be in effect from time to time during the term of his Employment.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Obligations to the Company. During the term of his Employment, the Executive shall devote his full business efforts and time to the Company. In addition, during During the term of his Employment, without the prior written approval of the Company’s Board of Directors (the “Board”), the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power of any other entity. The Executive shall comply with the Company’s policies and rules, as they may be in effect from time to time during the term of his Employment.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Obligations to the Company. During his Employment, the Executive shall devote his full business efforts and time to the Company. In addition, during During his Employment, without the prior written approval of the Company’s Board of Directors (the “Board”)'s Chief Executive Officer, the Executive shall not render services in any capacity to any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or as a shareholder owning more than five percent of the voting power stock of any other entitycorporation, except for reasonable civic and charitable activities, as approved by the Chief Executive Officer. The Executive shall comply with the Company’s 's policies and rules, as they may be in effect from time to time during his Employment.

Appears in 1 contract

Samples: Employment Agreement (Onyx Software Corp/Wa)

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