Common use of Other Activities During Employment Clause in Contracts

Other Activities During Employment. (a) During the term of his employment, Executive shall devote substantially all of his business time, attention and energy, and his best efforts to the interests and business of the Company and to the performance of his duties and responsibilities on behalf of the Company. (b) During the term of Executive's employment by the Company except on behalf of the Company, Executive 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 are known by Executive to directly compete with the Company, throughout the United States of America, in any line of business engaged in (or planned to be engaged in) by the Company on the date hereof; provided, however, that anything above to the contrary notwithstanding, Executive may own, as a passive investor, securities of any publicly traded competitor corporation, so long as Executive's direct and indirect holdings in any one such corporation shall in the aggregate constitute less than 5% of the voting stock of such corporation.

Other Activities During Employment. (a) During the term of his employment, Executive shall devote substantially all of his business time, attention and energy, and his best efforts to the interests and business of the Company and to the performance of his duties and responsibilities on behalf of the Company. (b) During the term of Executive's employment by the Company except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant or in any capacity whatsoever engage in, 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 are known by Executive to directly compete with the Company, throughout the United States of America, in any line of business engaged in (or planned to be engaged in) by the Company on the date hereof; provided, however, that anything above to the contrary notwithstanding, Executive may own, as a passive investor, securities of any publicly traded competitor corporation, so long as Executive's direct and indirect holdings in any one such corporation shall in the aggregate constitute less than 5% of the voting stock of such corporation.