Common use of RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE Clause in Contracts

RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 During the Employment the Executive shall not directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board or be involved in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company, or any Group Company, or which might reasonably be considered to interfere with the performance of the Executive’s duties under this Agreement provided that this clause 13.1 shall not prohibit the holding (directly or through nominees) investments listed on any recognised stock exchange as long as not more than one per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 Subject to any regulations issued by the Company, the Executive 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 him by or on behalf of the Company) and if he (or any firm or company in which he is interested) shall obtain any such discount, rebate or commission, he shall account to the Company for the amount received by him (or a due proportion of the amount received by such company or firm having regard to the extent of his interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his personal capacity.

Appears in 2 contracts

Samples: Executive Service Agreement, Executive Service Agreement (INC Research Holdings, Inc.)

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RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 14.1 During the Employment the Executive shall not not, without the prior consent of the AT plc Board, directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board or be involved in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company, Company or any Group Company, Company or which might reasonably be considered to interfere with the performance of the Executive’s duties under this Agreement provided that this clause 13.1 14.1 shall not prohibit the holding (directly or through nominees) of investments listed on any recognised stock exchange as long as not more than one 1 per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 14.2 Subject to any regulations issued by the Company, the Executive 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 him her by or on behalf of the Company) and if he she (or any firm or company in which he she is interested) shall obtain any such discount, rebate or commission, he she shall account to the Company for the amount received by him her (or a due proportion of the amount received by such company or firm having regard to the extent of his her interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his personal capacity.

Appears in 1 contract

Samples: Service Agreement (Adaptimmune Therapeutics PLC)

RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 14.1 During the Employment the Executive shall not not, without the prior written consent of the AT plc Board, directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board or be involved in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company, Company or any Group Company, Company or which might reasonably be considered to interfere with the performance of the Executive’s 's duties under this Agreement provided that this clause 13.1 14.1 shall not prohibit the holding (directly or through nominees) of investments listed on any recognised stock exchange as long as not more than one 1 per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 14.2 Subject to any regulations issued by the Company, the Executive 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 him her by or on behalf of the Company) and if he she (or any firm or company in which he she is interested) shall obtain any such discount, rebate or commission, he she shall account to the Company for the amount received by him her (or a due proportion of the amount received by such company or firm having regard to the extent of his her interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his personal capacity.

Appears in 1 contract

Samples: Employment Agreement (Adaptimmune Therapeutics PLC)

RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 During the Employment the Executive shall not not, without the prior consent of the Board, directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board or be involved in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company, Company or any Group Company, Company or which might reasonably be considered to interfere with the performance of the Executive’s duties under this Agreement provided that this clause 13.1 shall not prohibit the holding (directly or through nominees) of investments listed on any recognised stock exchange as long as not more than one 5 per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 Subject to any regulations issued by the Company, the Executive 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 him her by or on behalf of the Company) and if he she (or any firm or company in which he she is interested) shall obtain any such discount, rebate or commission, he she shall account to the Company for the amount received by him her (or a due proportion of the amount received by such company or firm having regard to the extent of his her interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his personal capacity.

Appears in 1 contract

Samples: Service Agreement (Adaptimmune Therapeutics PLC)

RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 During the Employment the Executive shall not not, without the prior consent of the Board, directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board or be involved in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company, Company or any Group Company, Company or which might reasonably be considered to interfere with the performance of the Executive’s duties under this Agreement provided that this clause 13.1 shall not prohibit the holding (directly or through nominees) of investments listed on any recognised stock exchange as long as not more than one 5 per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 Subject to any regulations issued by the Company, the Executive 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 him by or on behalf of the Company) and if he (or any firm or company in which he is interested) shall obtain any such discount, rebate or commission, he shall account to the Company for the amount received by him (or a due proportion of the amount received by such company or firm having regard to the extent of his interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his personal capacity.

Appears in 1 contract

Samples: Service Agreement (Adaptimmune Therapeutics PLC)

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RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 14.1 During the Employment the Executive shall not directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board Company or be involved in any activity which the Board Company reasonably considers may be, or become, harmful to the interests of the Company, Company or any Group Company, Company or which might reasonably be considered to interfere with the performance of the Executive’s duties under this Agreement provided that this clause 13.1 14.1 shall not prohibit the holding (directly or through nominees) of investments listed on any recognised stock exchange as long as not more than one 5 per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 14.2 Subject to any regulations issued by the Company, the Executive 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 him the Executive by or on behalf of the Company) and if he the Executive (or any firm or company in which he the Executive is interested) shall obtain any such discount, rebate or commission, he the Executive shall account to the Company for the amount received by him receive (or a due proportion of the amount received by such company or firm having regard to the extent of his the Executive’s interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his the Executive’s personal capacity.

Appears in 1 contract

Samples: Service Agreement (Avis Budget Group, Inc.)

RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 13.1 14.1 During the Employment the Executive shall not not, without the prior written consent of the AT plc Board, directly or indirectly be employed, engaged, concerned or interested in any other business or undertaking without the prior written consent of the Board or be involved in any activity which the Board reasonably considers may be, or become, harmful to the interests of the Company, Company or any Group Company, Company or which might reasonably be considered to interfere with the performance of the Executive’s 's duties under this Agreement provided that this clause 13.1 14.1 shall not prohibit the holding (directly or through nominees) of investments listed on any recognised stock exchange as long as not more than one 1 per cent (1%) of the issued shares or other securities of any class of any one company shall be so held. 13.2 14.2 Subject to any regulations issued by the Company, the Executive 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 him by or on behalf of the Company) and if he (or any firm or company in which he is interested) shall obtain any such discount, rebate or commission, he shall account to the Company for the amount received by him (or a due proportion of the amount received by such company or firm having regard to the extent of his interest in it). For the avoidance of doubt, nothing in this clause shall prevent the Executive from obtaining any discount, rebate or commission solely as a result of transactions legitimately entered into in his personal capacity.

Appears in 1 contract

Samples: Service Agreement (Adaptimmune Therapeutics PLC)

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