Other Business Opportunities. Nothing in this Agreement shall be deemed to preclude the Executive from participating in other business opportunities if and to the extent that: (a) such business opportunities are not directly competitive with, similar to the business of the Company, or would otherwise be deemed to constitute an opportunity appropriate for the Company; (b) the Executive’s activities with respect to such opportunities do not have a material adverse effect on the performance of the Executive’s duties hereunder, and (c) the Executive’s activities with respect to such opportunity have been fully disclosed in writing to the Board.
Appears in 27 contracts
Samples: Employment Agreement, Employment Agreement (NXT-Id, Inc.), Employment Agreement (GlyEco, Inc.)
Other Business Opportunities. Nothing in this Agreement shall be deemed to preclude the Executive from participating in other business opportunities if and to the extent that: (a) such business opportunities are not directly competitive with, similar to the business of the Company, or would otherwise be deemed to constitute an opportunity appropriate for the Company; , (b) the Executive’s activities with respect to such opportunities do not have a material adverse effect on the performance of the Executive’s duties hereunder, and (c) the Executive’s activities with respect to such opportunity have been fully disclosed in writing to the Board.
Appears in 7 contracts
Samples: Employment Agreement (Teton Energy Corp), Employment Agreement (Teton Energy Corp), Employment Agreement (Teton Energy Corp)
Other Business Opportunities. Nothing in this Agreement shall be deemed to preclude the Executive from participating in other business opportunities if and to the extent that: (a) such business opportunities are do not directly competitive with, similar to the business of the Companyinvolve participating in a Competitive Business, or would otherwise be deemed to constitute an a corporate opportunity appropriate for the Company; (b) the Executive’s activities with respect to such opportunities do not have a material adverse effect on interfere with the performance of the Executive’s duties hereunderon behalf of the Company, as provided in this Agreement, and (c) the Executive’s activities with respect to participation in such opportunity have has been fully disclosed in writing to the Board.
Appears in 1 contract
Samples: Employment Agreement (NXT-Id, Inc.)
Other Business Opportunities. Nothing in this Agreement shall be deemed to preclude the Executive from participating in other business opportunities if and to the extent that: (a) such business opportunities are not directly competitive with, similar to the business of the Company, or would otherwise be deemed to constitute an opportunity appropriate for the Company; (b) the Executive’s activities with respect to such opportunities do not have a material adverse effect on the performance of the Executive’s duties hereunder, and (c) the Executive’s activities with respect to such opportunity have been fully disclosed in writing to the Board.. ARTICLE THREE compensation
Appears in 1 contract
Samples: Employment Agreement (Electronic Cigarettes International Group, Ltd.)