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

RESTRICTIONS ON OTHER ACTIVITIES BY THE EXECUTIVE. 12.1 The Executive shall not (except with the prior sanction of a resolution of the Board) be directly or indirectly 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 or in respect of which dealing takes place on any recognised stock exchange as long as not more than three 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 ON OTHER ACTIVITIES BY THE EXECUTIVE. 12.1 11.1 The Executive shall not (except with the prior sanction of a resolution of the Board) be directly or indirectly 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 or in respect of which dealing takes place on any recognised a recognized stock exchange in the United States or elsewhere as long as not more than three 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.