Common use of Restrictions on other activities and interests of the Executive Clause in Contracts

Restrictions on other activities and interests of the Executive. (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 Board accurately informed of the amount of time he spends working under that appointment.

Restrictions on other activities and interests of the Executive. (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 Company, in which case, 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 Board accurately informed of the amount of time he spends working under that appointment.

Restrictions on other activities and interests of the Executive. (a) During the Employment, 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 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 she must keep the Board Company accurately informed of the amount of time he she spends working under that appointment.

Restrictions on other activities and interests of the Executive. (a) During the Employment, 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 Board Company accurately informed of the amount of time he spends working under that appointment.