Common use of Outside Activities and Interests Clause in Contracts

Outside Activities and Interests. 14.1 The Executive shall not during the employment, except as a representative of the Company or with the Board’s prior written consent, whether directly or indirectly, paid or unpaid, be employed, engaged, concerned or interested in any other actual or prospective business, organization, occupation or profession. 14.2 Nothing in this Agreement shall prevent the Executive from holding an investment by way of shares or other securities to in any entity listed or dealt on a recognized stock exchange (a “Permitted Investment”) provided always that during the term of the employment: (i) the Permitted Investment shall not constitute more than 3% of the issued share capital of the entity concerned, and (ii) the Executive makes full disclosure of such Permitted Investments and any actual or apparent conflicts of interest resulting therefrom, so that the Company can make appropriate determinations on the propriety of any investment.

Appears in 1 contract

Samples: Employment Agreement (COMPASS Pathways PLC)

AutoNDA by SimpleDocs

Outside Activities and Interests. 14.1 The Executive shall not during the employment, employment except as a representative of the Company or with the BoardCompany’s prior written consent, consent (whether directly or indirectly, paid or unpaid, ) be employed, engaged, concerned or interested in any other actual or prospective business, organizationorganisation, occupation or profession. 14.2 Nothing in this Agreement shall prevent the Executive from holding an investment by way of shares or other securities to in any entity listed or dealt on a recognized recognised stock exchange (a “Permitted Investment”) provided always that during the term of the employment: (i) employment the Permitted Investment shall not constitute more than 3% of the issued share capital of the entity concerned, and (ii) the Executive makes full disclosure of such Permitted Investments and any actual or apparent conflicts of interest resulting therefrom, so that the Company can make appropriate determinations on the propriety of any investmentconcerned .

Appears in 1 contract

Samples: Service Agreement (Theravance Biopharma, Inc.)

Outside Activities and Interests. 14.1 15.1 The Executive shall not during the employment, employment except as a representative of the Company or with the prior written approval of the Board’s prior written consent, Compensation Committee (whether directly or indirectly, paid or unpaid) or as set forth in Schedule 2, be employed, engaged, concerned or interested in any other actual or prospective business, organizationorganisation, occupation or profession. 14.2 15.2 Nothing in this Agreement shall prevent the Executive from holding an investment by way of shares or other securities to in any entity listed or dealt on a recognized recognised stock exchange (a “Permitted Investment”) provided always that during the term of the employment: (i) employment the Permitted Investment shall not constitute more than 3% of the issued share capital of the entity concerned, concerned and (ii) the Executive makes full disclosure of such Permitted Investments and any actual or apparent conflicts of interest resulting therefrom, so that complies with the Quoted Company can make appropriate determinations on the propriety of any investment.Requirements. ACTIVE/128438740.1

Appears in 1 contract

Samples: Service Agreement (Centessa Pharmaceuticals PLC)

AutoNDA by SimpleDocs

Outside Activities and Interests. 14.1 16.1 The Executive shall not during the employment, employment except as a representative of the Company or with the Board’s prior written consent, consent (whether directly or indirectly, paid or unpaid, ) be employed, engaged, concerned or interested in any other actual or prospective business, organizationorganisation, occupation or profession. 14.2 16.2 Nothing in this Agreement shall prevent the Executive from holding an investment by way of shares or other securities to in any entity listed or dealt on a recognized recognised stock exchange (a “Permitted Investment”) provided always that during the term of the employment: (i) employment the Permitted Investment shall not constitute more than 3% of the issued share capital of the entity concerned, and (ii) the Executive makes full disclosure of such Permitted Investments and any actual or apparent conflicts of interest resulting therefrom, so that the Company can make appropriate determinations on the propriety of any investment.

Appears in 1 contract

Samples: Service Agreement (Argo Group International Holdings, Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!