PediatRx, Inc Sample Clauses

PediatRx, Inc. Executive shall be required to resign any and all positions Executive holds with PediatRx, Inc. or any other entity other than the Corporation (except that positions consented to by the Corporation and voluntary unpaid positions with community, religious or industry organizations shall be permitted), and Executive shall not be permitted to render any additional services to PediatRx, Inc, except that Executive shall be permitted to render services for not more than 10 hours per week; provided that such services do not conflict with his obligations to the Corporation hereunder, and provided, further that Executive shall be permitted to render such services as is required by law. Notwithstanding the foregoing, Executive shall be permitted to retain any PediatRx, Inc. stock, options or other equity that Executive currently holds. Further, Executive shall disclose to the Corporation any other positions or ownership positions that he holds which may reasonably be perceived as a conflict with his position with the Corporation.
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