Common use of Other Interests Clause in Contracts

Other Interests. Executive agrees, during the period of Executive’s employment by Company, to devote substantially all of Executive’s business time, energy and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that, subject to Section 1.1(d)(vii), Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of Executive’s duties hereunder, which shall be at the sole determination of the Board. As of the date of this Agreement, the Board has approved the activities set forth on Attachment A to this Agreement.

Appears in 10 contracts

Samples: Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc)

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Other Interests. Executive agrees, during the period of Executive’s his employment by Company, to devote substantially all of Executive’s his business time, energy energy, and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except as herein permitted or with the prior written consent of the Board. The foregoing notwithstanding, the parties recognize and agree that, subject to Section 1.1(d)(vii), that Executive may engage in passive personal investment and charitable activities that and serve on corporate boards of directors that, in any case, do not conflict with the business and affairs of Company or interfere with Executive’s performance of Executive’s his duties hereunder, which shall be at the sole determination of the Board. As of the date of this Agreement, the Board has approved the activities set forth on Attachment A to this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Atomera Inc), Employment Agreement (Atomera Inc), Employment Agreement (Atomera Inc)

Other Interests. Executive agrees, during the period of Executive’s employment by Company, to devote substantially all of Executive’s business time, energy and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that, subject to Section 1.1(d)(vii), that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of Executive’s duties hereunder, which shall be at the sole determination of the Board. As of the date of this Agreement, the Board has approved the activities set forth on Attachment A to this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc)

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Other Interests. Executive agrees, during the period of Executive’s employment by the Company, to devote substantially all of Executive’s business time, energy and best efforts to the business and affairs of the Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with affiliates. Notwithstanding the consent of the Board. The foregoing notwithstandingforegoing, the parties recognize acknowledge and agree that, subject to Section 1.1(d)(vii), that Executive may (a) engage in and manage Executive’s passive personal investment investments and (b) engage in charitable and civic activities; provided, however, that such activities that shall be permitted so long as such activities do not materially conflict with the business and affairs of the Company or its affiliates or materially interfere with Executive’s performance of Executive’s duties hereunder, which shall be at the sole determination . Other than those positions held by Executive as of the Board. As of the date of this Agreement, the Board has approved the activities Effective Date as set forth on Attachment A to this AgreementAnnex A, service on any board of directors of any for-profit company, other than the Board, shall require prior approval by the Company.

Appears in 3 contracts

Samples: Employment Agreement (Extraction Oil & Gas, Inc.), Employment Agreement (Extraction Oil & Gas, Inc.), Employment Agreement (Extraction Oil & Gas, Inc.)

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