Common use of Principal Employment Clause in Contracts

Principal Employment. 1.4.1 Executive agrees that his position as CEO of the Company shall be his principal employment and that he will not subordinate that position to any other employment. 1.4.2 Executive agrees that, during his employment with the Company, he will not engage in any matter whatsoever in a business or other endeavor that would or might reasonably interfere with his duties or that is competitive with or similar in nature to the business of the Company. Nonetheless, Executive shall have the right to own up to 3% of the outstanding shares of a publicly held company if such shares are actively traded on a national stock exchange and he is not involved in the management of such company. Specifically excluded from the restrictions set forth in this Section, and other provisions of this Agreement, is Executive’s ability (as expressly permitted by the Company hereby) to continue to serve on the board of directors of Exagen Diagnostics, Inc.

Principal Employment. 1.4.1 1.5.1 Executive agrees that his position as CEO of the Company shall be his principal employment and that he will not subordinate that position to any other employment. 1.4.2 1.5.2 Executive agrees that, during his employment with the Company, he will not engage in any matter whatsoever in a business or other endeavor that would or might reasonably interfere with his duties or that is competitive with or similar in nature to the business of the Company. Nonetheless, Executive shall have the right to own up to 3% of the outstanding shares of a publicly held company if such shares are actively traded on a national stock exchange and he is not involved in the management of such company. Specifically excluded from the restrictions set forth in this Section, and other provisions of this Agreement, is Executive’s ability (as expressly permitted by the Company hereby) to continue to serve on the board of directors of Exagen Diagnostics, Inc.

Principal Employment. 1.4.1 Executive agrees that his position as CEO CFO of the Company shall be his principal employment and that he will not subordinate that position to any other employment. 1.4.2 Executive agrees that, during his employment with the Company, he will not engage in any matter whatsoever in a business or other endeavor that would or might reasonably interfere with his duties or that is competitive with or similar in nature to the business of the Company. Nonetheless, Executive shall have the right to own up to 3% of the outstanding shares of a publicly held company if such shares are actively traded on a national stock exchange and he is not involved in the management of such company. Specifically excluded from the restrictions set forth in this Section, and other provisions of this Agreement, is Executive’s ability (as expressly permitted by the Company hereby) to continue to serve on the board of directors of Exagen Diagnosticsas senior tax accountant and controller at BSL Capital, Inc.