Common use of Personal Trust Clause in Contracts

Personal Trust. 5.1 Employee shall fulfill his job faithfully and diligently, shall utilize all of his skills, talents, knowledge and experience to VCI's benefit and advantage. 5.2 Employee shall devote all of his professional time, attention, energy, skill, learning and best efforts to the Business of VCI, as deemed proper by VCI. 5.3 Employee shall promptly notify VCI, without any delay, of any issue or subject in which he has a personal interest and which may lead to a conflict of interest with his performance of this Agreement or with the Business. 5.4 With the exception of salary and benefits paid by VCI to Employee, Employee shall not accept or receive from any third party, any payment, benefit, gain, pecuniary advantage or interest of any kind, pursuant or pertaining, directly or indirectly, to the services he performs hereunder for VCI. Breach of this obligation, shall be considered a fundamental breach of this Agreement, and without limiting any other remedies available to VCI in such circumstances, any and all payment, benefit, gain, pecuniary advantage or interest of any kind, received by Employee shall belong to VCI, who shall be entitled to deduct such payment, benefit, gain, pecuniary advantage or interest of any kind, from any and all monies or benefits to which Employee shall be entitled to receive from VCI. 5.5 Any hours that Employee serves VCI beyond those set forth in section 4.1 are expressly agreed to be on a voluntary basis, not entitling Employee to receive any additional consideration whatsoever (beyond Employee's Base Salary).