Common use of Outside Activities During Employment Clause in Contracts

Outside Activities During Employment. Except with the prior written consent of the Board, including consent given to you prior to the signing of this Agreement, you will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with your responsibilities and the performance of your duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as you may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with your duties; and (iii) such other activities as may be specifically approved by the Board. This restriction shall not, however, preclude you (x) from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 5 contracts

Samples: Employment Agreement (Millendo Therapeutics, Inc.), Employment Agreement (Millendo Therapeutics, Inc.), Employment Agreement (Millendo Therapeutics, Inc.)

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Outside Activities During Employment. Except with the prior written consent of the BoardCompany, including consent given to you prior to the signing of this Agreement, you Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with your Executive’s responsibilities and the performance of your Executive’s duties hereunder hereunder, except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as you Executive may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with your Executive’s duties; and , (iii) such other activities as may be specifically approved by the BoardCompany. This restriction shall not, however, preclude you Executive (xi) from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or (yii) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 4 contracts

Samples: Executive Employment Agreement (Poseida Therapeutics, Inc.), Executive Employment Agreement (Poseida Therapeutics, Inc.), Executive Employment Agreement (Poseida Therapeutics, Inc.)

Outside Activities During Employment. Except with the prior written consent of the Board, including consent given to you prior to the signing of this Agreement, you will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with your responsibilities and the performance of your duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as you may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with your duties; and (iii) such other activities as may be specifically approved by the Board. This restriction shall not, however, preclude you (x) from owning less than one percent percent (1%) 1 of the total outstanding shares of a publicly traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 1 contract

Samples: Employment Agreement (Millendo Therapeutics, Inc.)

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Outside Activities During Employment. Except with the prior written consent of the BoardCompany’s Board of Directors, including consent given to you Executive prior to the signing of this Agreement, you Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with your Executive’s responsibilities and the performance of your Executive’s duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as you Executive may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with your Executive’s duties; and (iii) such other activities as may be specifically approved by the Board. This restriction shall not, however, preclude you Executive (x) from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

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