Common use of Other Activities During Employment Clause in Contracts

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDED, HOWEVER, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 4 contracts

Samples: Key Employee Agreement (Iris International Inc), Key Employee Agreement (Iris International Inc), Key Employee Agreement (Iris International Inc)

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Other Activities During Employment. 4.1 Except with the prior written consent of the Company's ’s Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 4 contracts

Samples: Key Employee Agreement (Iris International Inc), Key Employee Agreement (Iris International Inc), Key Employee Agreement (Iris International Inc)

Other Activities During Employment. 4.1 3.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businessesinvestor. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 3.2 Except as permitted by SECTION 4.3Section 3.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, to the Company, its businesses business or prospects, financial or otherwise. 4.3 3.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, except on behalf of the Company, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were are known by you to directly or indirectly compete with the Company, throughout the world, in any line of the business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 3 contracts

Samples: Key Employee Agreement (Invision Technologies Inc), Key Employee Agreement (Invision Technologies Inc), Key Employee Agreement (Invision Technologies Inc)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses business or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 2 contracts

Samples: Key Employee Agreement (International Remote Imaging Systems Inc /De/), Key Employee Agreement (International Remote Imaging Systems Inc /De/)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's ’s Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation. 4.4 Notwithstanding Sections 4.1-4.3, none of the prohibitions in this Section 4 apply to the following: a. Member of the Board of Xifin, Synergy Pharmaceuticals, and/or TrovaGene b. Member of Advisory Board for University of California Riverside c. Ownership of more than 1% of publicly-traded voting stock of TrovaGene

Appears in 1 contract

Samples: Key Employee Agreement (Iris International Inc)

Other Activities During Employment. 4.1 5.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 5.2 Except as permitted by SECTION 4.3Section 5.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses business or prospects, financial or otherwise. 4.3 5.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be be 4. employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Employment Agreement (International Remote Imaging Systems Inc /De/)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businessesinvestor. You may engage in civic and not-for-profit activities and you may serve as a director of another corporation which is not competitive with the Company so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, to the Company, its businesses business or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation; PROVIDED that you may continue to own shares in Cambridge Technology Partners, Inc. notwithstanding that such shares constitute greater than 1% of its voting stock so long as (i) you do not accumulate any shares of Cambridge Technology Partners in addition to those held by you as of the date hereof and (ii) your interests in connection with Cambridge Technology Partners do not conflict with your duties to the Company.

Appears in 1 contract

Samples: Key Employee Agreement (Viant Corp)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's ’s Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities activities, and you may continue to serve on the board of directors of PetSmart, Inc. and Chemaphor, Inc., so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Key Employee Agreement (Iris International Inc)

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Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businessesinvestor. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, to the Company, its businesses business or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Key Employee Agreement (Oculex Pharmaceuticals Inc /)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businessesinvestor. The Company and you agree that you may devote up to ten percent (10%) of your time to family business matters, so long as such activities are not adverse to the best interests of the Company. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, to the Company, its businesses business or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Key Employee Agreement (Oculex Pharmaceuticals Inc /)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of DirectorsChief Executive Officer, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones those in which you are a passive investor investor, provided however that no such investment can be made in non-a company that is competitive businessesto the Company. You may be a member of a board of directors or trustees, and engage in civic and not-for-profit activities activities, so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 . Except as permitted by SECTION 4.3with the prior written consent of the Chief Executive Officer, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, interest known by you to be adverse or antagonistic to, or competitive with, to the Company, its businesses business or prospects, financial or otherwise. 4.3 . During the term of your employment by the Company (Company, and except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Employment Agreement (SharedLabs, Inc)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not during the term of this Agreement acquire, assume or participate in, directly or indirectly, any position, investment or interest, known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete complete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Key Employee Agreement (Iris International Inc)

Other Activities During Employment. 4.1 Except with the prior written consent of the Company's ’s Board of Directors, you will not during the term of this Agreement undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor in non-competitive businesses. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. 4.2 Except as permitted by SECTION Section 4.3, you will not acquire, assume or participate in, directly or indirectly, any position, investment or interest, known by you to be adverse or antagonistic to, or competitive with, the Company, its businesses or prospects, financial or otherwise. 4.3 During the term of your employment by the Company (except on behalf of the Company), you will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which were known by you to directly or indirectly compete complete with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; PROVIDEDprovided, HOWEVERhowever, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any competitor corporation, so long as your direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the publicly-traded voting stock of such corporation.

Appears in 1 contract

Samples: Key Employee Agreement (Iris International Inc)

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