Restrictions during the Employment. 11.1 The Executive shall not during the Employment directly or indirectly either on his own account or on behalf of any other person, company, business entity or other organisation be employed, engaged, concerned or interested in any other business or undertaking, provided that this shall not prohibit the holding (directly or through nominees) of investments listed on the London Stock Exchange plc or in respect of which dealing takes place on the Alternative Investment Market of the London Stock Exchange plc or on The Stock Exchange of Hong Kong Limited or on any Recognised Investment Exchange as long as not more than 5 per cent of the issued shares or other securities of any class of any one company shall be so held without the prior sanction of a resolution of the Board.
11.2 The Executive shall obtain the Chairman’s prior written approval (such approval not to be unreasonably withheld) before accepting appointment as a non-executive director of any company outside the Group. Approval is currently limited to one FTSE100 constituent company or other significant company in the UK or elsewhere.
11.3 The Executive shall not (and shall procure so far as the Executive is able that any person connected with the Executive within the meaning of section 252 Companies Act 2006 (Connected Person) shall not) deal or become or cease to be interested (within the meaning set out in Schedule 1 Companies Act 2006) in any securities of HSBC, except in accordance with HSBC’s code for securities transactions by directors.
11.4 Subject to any regulations issued by HSBC, the Executive and any Connected Person shall not be entitled to receive or obtain directly or indirectly any discount, rebate or commission in respect of any sale or purchase of goods effected or other business transacted (whether or not by the Executive) by or on behalf of HSBC or any Group Company and if he or any Connected Person (or any firm or company in which he or any Connected Person is interested) shall obtain any such discount, rebate or commission the Executive shall account to HSBC or the relevant Group Company for the amount received by the Executive or any Connected Person (or a due proportion of the amount received by such company or firm having regard to the extent of the Executive’s or the Connected Person’s interest therein).
11.5 The Executive agrees to disclose to the Board any matters relating to any Connected Person which may, in the reasonable opinion of the Board, be considered to inter...
Restrictions during the Employment. (A) During the Employment the Employee shall not directly or indirectly: be employed, engaged, concerned or interested in any other business or undertaking or engage in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company or of any Group Company or which might reasonably be considered to interfere with the performance of the Employee s duties under this Agreement,
(B) Clause 11(A) shall not apply to the engagement of the Employee in any Permitted Activity.
(C) The Employee shall comply with every rule of law and every regulation of the Company for the time being in force in relation to dealings in shares or other securities of the Company or any Group Company as shall be communicated to the Employee from time to time.
Restrictions during the Employment. (A) During the Employment the Employee shall not directly or indirectly:
(i) be employed, engaged, concerned or interested in any other business or undertaking or
(ii) engage in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company or of any Group Company or which might reasonably be considered to interfere with the performance of the Employee's duties under this Agreement,
(B) Clause 11(A) shall not apply to the engagement of the Employee in any Permitted Activity.
(C) The Employee shall comply with every rule of law and every regulation of the Company for the time being in force in relation to dealings in shares or other securities of the Company or any Group Company as shall be communicated to the Employee from time to time.
Restrictions during the Employment. (A) During the Employment the Employee shall not directly or indirectly:
(i) be employed, engaged, concerned or interested in any other business or undertaking or
(ii) engage in any activity which the Management reasonably considers may be, or become, harmful to the interests of the Company or of any Group Company or which might reasonably be considered to -Interfere with the performance of the Employee's duties under this Agreement,
(B) Clause 12(A) shall not apply to the engagement of the Employee in any Permitted Activity.
(C) The Employee shall comply with every rule of law and every regulation of the Company for the time being in force in relation to dealings in shares or other securities of the Company or any Group Company.
Restrictions during the Employment. 11.1 Save as provided for in clause 11.2, during the Employment the Executive shall not directly or indirectly:
11.1.1 be employed, engaged, concerned or interested in any other business or undertaking save for those in which he is involved pursuant to clause 4.3; or
11.1.2 in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company or of any Group Company or which might reasonably be considered to interfere with the performance of the Executive's duties under this Agreement.
11.2 Clause 11.1 shall not apply:
11.2.1 to the Executive holding (directly or through nominees) investments publicly listed on any publicly traded stock exchange as long as he does not hold more than 10 per cent of the issued shares or other securities of any class of any one company unless otherwise approved by the Board; or
11.2.2 to any act undertaken by the Executive with the prior written consent of the Board; or
11.2.3 to any interest permitted by clause 4.3.
11.3 The Executive shall comply with every rule of law and every regulation of the Company and any competent authority for the time being in force in relation to dealings in shares or other securities of the Company or any Group Company.
11.4 The Executive shall acknowledge his position within the Company in any business or scientific papers presented or published by him during the course of the Employment.
Restrictions during the Employment. The Executive shall not during the Employment be directly or indirectly either on his own account or on behalf of any other person, company, business entity or other organisation be employed, engaged, concerned or interested in any other business or undertaking, provided that this shall not prohibit the holding (directly or through nominees) of investments listed on the London Stock Exchange plc or in respect of which dealing takes place on the Alternative Investment Market on the London Stock Exchange plc or The Stock Exchange of Hong Kong Limited or any Recognised Investment Exchange or any Designated Investment Exchange as long as not more than 5 per cent of the issued shares or other securities of any class of any one company shall be so held without the prior sanction of a resolution of the Board.
Restrictions during the Employment. 13.1 The Executive shall disclose to the Board any interest of his own (or that of his partner or of any child of his or of his partner under eighteen years of age):
(a) in any trade, business or occupation whatsoever which is in any way similar to any of those in which the Company or any Group Company is involved; and
(b) in any trade, business or occupation carried on by any supplier or customer of the Company or any Group Company whether or not such trade, business or occupation is conducted for profit or gain.
(a) During the Employment the Executive shall not at any time, without the prior written consent of the Board, either alone or jointly with any other person, carry on or be directly or indirectly employed, engaged, concerned or interested in any business, prospective business or undertaking other than a Group Company. Nothing contained in this Clause shall preclude the Executive from being a Minority Holder unless the holding is in a company that is a direct business competitor of the Company or any Group Company in which case, the Executive shall obtain the prior consent of the Board to the acquisition or variation of such holding.
(b) If the Executive, with the consent of the Board, accepts any other appointment he must keep the Company accurately informed of the amount of time he spends working under that appointment.
13.3 Subject to any regulations issued by the Company, the Executive shall not be entitled to receive or obtain directly or indirectly any discount, rebate, commission or any other form of gift or gratuity (any of these referred to as a “Gratuity”) as a result of the Employment or any sale or purchase of goods or services effected or other business transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he (or any person in which he is interested) obtains any Gratuity he shall account to the Company for the amount received by him (or a due proportion of the amount received by the person having regard to the extent of his interest therein).
13.4 The Executive shall comply with every rule of law (including but not limited to the insider dealing provisions contained in Part V of the Criminal Justice Act 1993), the UK Listing Authority’s listing rules’ Model Code for transactions in securities by directors of listed companies, certain employees and persons connected with them and every regulation of the Company for the time being in force in relation to dealings in shares or other securities of t...
Restrictions during the Employment. (A) During the Employment, the Employee shall not directly or indirectly:
(i) be employed, engaged, concerned or interested in any other business or undertaking; or
(ii) engage in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company or of any Group Company or which might reasonably be considered to interfere with the performance of the Employee's duties under this Agreement.
(B) The Employee shall comply with every rule of law and every regulation of the Company from time to time in force in relation to dealings in shares or other securities of the Company or any Group Company.
Restrictions during the Employment. 11.1 During the Employment you shall not:
11.1.1 be directly or indirectly employed, engaged, concerned or interested in any other business or undertaking; or
11.1.2 engage in any activity which the Board reasonably considers may be, or become harmful to the interests of the Employer or of any Group Company or which might reasonably be considered to interfere with the performance of your duties under this Agreement.
11.2 Clause 11.1 shall not apply:
11.2.1 to you holding (directly or through nominees) investments listed on the London Stock Exchange or in respect of which dealing takes place in the Alternative Investment Market on the London Stock Exchange or any recognised stock exchange as long as you hold less than one per cent of the issued shares or other securities of any class of any one company; or
11.2.2 to any act undertaken by you with the prior written consent of the Board.
11.3 You confirm that you have disclosed to us (and will continue to do so promptly throughout the Employment) all circumstances in respect of which there is or might be a conflict of interest between you (or members of your immediate family) and the Employer or any Group Company.
Restrictions during the Employment. 12.1 During the Employment the Executive shall not directly or indirectly be employed, engaged, concerned or interested:
(a) in any other business or undertaking; or
(b) in any activity which the AstraZeneca Board reasonably considers may be, or become, harmful to the interests of AstraZeneca, the Company or of any Group Company or which might reasonably be considered to interfere with the performance of the Executive's duties under this Agreement.
12.2 Clause 12.1 shall not apply:
(a) to the Executive holding (directly or through nominees) investments listed on the Official List of London Stock Exchange plc or in respect of which dealing takes place in the Alternative Investment Market or any recognised stock exchange as long as he does not hold more than 5 per cent of the issued shares or other securities of any class of any one company; or
(b) to any act undertaken by the Executive with the prior written consent of the AstraZeneca Board.
12.3 The Executive shall comply with every rule of law, the UK Listing Authority's listing rules' Model Code for transactions in securities by directors of listed companies, certain employees and persons connected with them and every regulation of AstraZeneca and the Company for the time being in force in relation to dealings in shares or other securities of AstraZeneca, the Company or any Group Company.
