Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from: (a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor; (b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and (c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company approves of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the Company.
Appears in 5 contracts
Samples: Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity orentity, or to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company approves of such activities prior to the Executive's ’s engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the Company.
Appears in 4 contracts
Samples: Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either Company’s and the Bank or the Company Bank’s Chief Executive Officer approves of such activities prior to the Executive's ’s engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board board of Directors directors of either the Bank or the Company.
Appears in 4 contracts
Samples: Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity orentity, or to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company approves of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the Company.
Appears in 3 contracts
Samples: Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company Employer approves of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the CompanyEmployer.
Appears in 2 contracts
Samples: Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire --------------------- business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; , but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest securities in any entity corporation, the securities of which are regularly traded provided that such interest purchase shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits equity securities of any entity business in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank Company or the Company Bank approves in writing of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services shall be permitted to any entity and may engage in such additional investment business activities to associated with the extent such services business of Atlanta East Cobb, Inc. (doing business xx Keller Williams Realty) and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the Company.Phil and Brenda Baldwin, Inc. (doing busixxxx xx Xxxxxx Williams Realty)
Appears in 1 contract
Permitted Activities. The Executive shall devote his her entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his her personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer or any Subsidiary thereof and which will not require any services on the part of the Executive in their operation or affairs and in which his her participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him her collectively owning beneficially at any time five percent (5%) or more of any entity orentity, or to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company Executive’s supervisor approves of such activities prior to the Executive's ’s engaging in them. Notwithstanding the foregoing provisions of this Section 2.32.2, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the CompanyExecutive’s supervisor.
Appears in 1 contract
Samples: Change of Control Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activityactivity in competition with the Business of the Employer, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any substantive services on the part of the Executive in their operation or affairs and in which his participation is solely that of an a passive investor;
(b) purchasing or otherwise acquiring an ownership interest securities in any entity corporation, the securities of which are regularly traded provided that such interest purchase shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits equity securities of any entity business in competition with the Business of the Employer; and;
(c) participating in civic and civic, political or professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either Company and the Bank or the Company approves is informed of such activities in writing prior to the Executive's Executive engaging in them. Notwithstanding ;
(d) owning a passive interest (including a controlling interest) in businesses that are not in competition with the foregoing provisions Business of this Section 2.3, the Employer and that would not require attention from the Executive may provide services during normal business hours; and
(e) participating on boards of directors of up to any entity two (2) different entities that are not in competition with the Business of the Employer and may engage in such additional investment activities to on which the extent such services Executive's participation could assist the Executive with the procurement and such additional investment activities have been expressly approved in writing by development of business opportunities for the Board of Directors of either the Bank or the CompanyEmployer.
Appears in 1 contract
Samples: Leadership Agreement (First Citizens Financial CORP)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an a passive investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity entity, provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company Company’s Chief Executive Officer approves of such activities prior to the Executive's ’s engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities (beyond those permitted above) to the extent such services and such additional investment activities have been expressly approved in writing by the Board board of Directors directors of either the Bank or the Company. In addition, the activities set forth on Schedule I hereto shall be permitted from and after the Effective Date.
Appears in 1 contract
Samples: Employment Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest in any entity provided that such interest shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity orentity, or to the extent applicable, five percent (5%) or more of the stock, capital or profits of any entity in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either Company’s and the Bank or the Company Bank’s Chief Executive Officer approves of such activities prior to the Executive's ’s engaging in them. Notwithstanding the foregoing provisions of this Section 2.32.2, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either Company’s and the Bank or the CompanyBank’s Chief Executive Officer.
Appears in 1 contract
Samples: Change of Control Agreement (Pinnacle Financial Partners Inc)
Permitted Activities. The Executive shall devote his entire --------------------- business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; , but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest securities in any entity corporation, the securities of which are regularly traded provided that such interest purchase shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits equity securities of any entity business in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank Company or the Company Bank approves in writing of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services shall be permitted to any entity and may engage in such additional investment business activities to associated with the extent such services business of Atlanta East Cobb, Inc. (doing businesx xs Keller Williams Realty) and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the Company.Phil and Brenda Baldwin, Inc. (doing busxxxxx xx Xxxxxr Williams Realty)
Appears in 1 contract
Permitted Activities. The Executive shall devote his entire --------------------- business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest securities in any entity corporation, the securities of which are regularly traded provided that such interest purchase shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits equity securities of any entity business in competition with the Business of the Employer; and
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board Chief Executive Officer of Directors of either the Bank or the Company Employer approves in writing of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board of Directors of either the Bank or the Company.
Appears in 1 contract
Permitted Activities. The Executive shall devote his entire --------------------- business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:
(a) investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in which his participation is solely that of an investor;
(b) purchasing or otherwise acquiring an ownership interest securities in any entity corporation, the securities of which are regularly traded provided that such interest purchase shall not result in him collectively owning beneficially at any time five percent (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the stock, capital or profits equity securities of any entity business in competition with the Business of the Employer; and;
(c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the Board of Directors of either the Bank or the Company Employer approves in writing of such activities prior to the Executive's engaging in them. Notwithstanding ; and
(d) participating on the foregoing provisions board of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the Board directors of Directors of either the Bank or the CompanyLamar EMC.
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