Common use of Other Business and Other Activities Clause in Contracts

Other Business and Other Activities. Executive may not engage in any activity that conflicts with the interests of any member of the Company Group or that would interfere with the performance of Executive’s duties to any member of the Company Group, as determined by the CEO. During the Term, Executive may not hold, directly or indirectly, an ownership interest of more than 2% in any entity other than the Company. Nothing in this agreement shall preclude Executive from dedicating reasonable amounts of time during the Term to charitable or civic activities or from managing his personal finances, as long as such activities do not interfere in any material way with his duties and responsibilities to any member of the Company Group.

Appears in 2 contracts

Samples: Employment Agreement (Universal Insurance Holdings, Inc.), Employment Agreement (Universal Insurance Holdings, Inc.)

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Other Business and Other Activities. Executive may not engage in any activity that conflicts with the interests of any member of the Company Group or that would interfere with the performance of Executive’s duties to any member of the Company Group, as determined by the CEO. During the Term, Executive may not hold, directly or indirectly, an ownership interest of more than 2% in any entity other than the Company. Nothing in this agreement Agreement shall preclude Executive from dedicating reasonable amounts of time during the Term to charitable or civic activities or from managing his personal finances, as long as such activities do not interfere in any material way with his duties and responsibilities to any member of the Company Group.

Appears in 1 contract

Samples: Employment Agreement (Universal Insurance Holdings, Inc.)

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Other Business and Other Activities. Executive may not engage in any activity that conflicts with the interests of any member of the Company Group or that would interfere with the performance of Executive’s duties to any member of the Company Group, as determined by the CEOExecutive Chairman. During the Term, Executive may not hold, directly or indirectly, an ownership interest of more than 2% in any entity other than the Company. Nothing in this agreement Agreement shall preclude Executive from dedicating reasonable amounts of time during the Term to charitable Xxx X. Xxxxxxxx Employment Agreement or civic activities activities, or from managing his personal finances, as long as such activities do not interfere in any material way with his duties and responsibilities to any member of the Company Group.

Appears in 1 contract

Samples: Employment Agreement (Universal Insurance Holdings, Inc.)

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