Other Activity. Except upon the prior written consent of Employer, Employee (during the Period of Employment) shall not (i) accept any other employment; or (ii) engage, directly or indirectly, in any other business, commercial, or professional activity (whether or not pursued for pecuniary advantage) that is or may be competitive with Employer, that might create a conflict of interest with Employer, or that otherwise might interfere with the business of Employer, or any Affiliate. An "Affiliate" shall mean any person or entity that directly or indirectly controls, is controlled by, or is under common control with Employer. Notwithstanding the foregoing, upon reasonable notice to Employer, Employee may serve as a director of one for profit entity and one not for profit entity so long as such entity is not competitive with Employer or any Affiliate and where such service does not otherwise create a conflict of interest.
Appears in 3 contracts
Samples: Employment Agreement (Digital Microwave Corp /De/), Employment Agreement (Digital Microwave Corp /De/), Employment Agreement (Digital Microwave Corp /De/)
Other Activity. Except upon the prior written consent of Employer, Employee (during the Period of Employment) shall not (i) accept any other employment; or (ii) engage, directly or indirectly, in any other business, commercial, or professional activity (whether or not pursued for pecuniary advantage) that is or may be competitive with Employer, that might create a conflict of interest with Employer, or that otherwise might interfere with the business of Employer, or any Affiliate. An "Affiliate" shall mean any person or entity that directly or indirectly controls, is controlled by, or is under common control with Employer. Notwithstanding the foregoing, upon reasonable notice to Employer, Employee may serve as a director of one for profit entity and one not for profit entity so long as such entity is not competitive with Employer or any Affiliate and where such service does not otherwise create a conflict of interest.
Appears in 2 contracts
Samples: Employment Agreement (SlideBelts Inc.), Letter Agreement (Spectrum Organic Products Inc)