Scope of this Agreement and Outside Affiliations. During the term of this Agreement, Officer shall devote his full business time and energy, except as expressly provided below, to the business, affairs and interests of Employer and its affiliates, and matters related thereto, and shall use his best efforts and abilities to promote their respective interests. Officer agrees that he will diligently endeavor to promote the business, affairs and interests of Employer and its affiliates and perform services contemplated hereby, in accordance with the policies established by the Board of the applicable entity, which policies shall be consistent with this Agreement. Officer agrees to serve without additional remuneration as an officer of one or more (direct or indirect) subsidiaries or affiliates of Employer as Employer may from time to time request, subject to appropriate authorization by the affiliate or subsidiary involved and any limitation under applicable law. During the course of Officer's employment as a full-time officer hereunder, Officer shall not, without the consent of Employer, compete, directly or indirectly, with Employer in the business then conducted by Employer or any of its affiliates. Officer may make and manage personal business investments of his choice and serve in any capacity with any civic, educational or charitable organization, or any governmental entity or trade association, without seeking or obtaining approval by the Board, provided such activities and services do not materially interfere or conflict with the performance of his duties hereunder.
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Samples: Employment Agreement (Indymac Mortgage Holdings Inc), Employment Agreement (Indymac Mortgage Holdings Inc)
Scope of this Agreement and Outside Affiliations. During the term of this Agreement, Officer shall devote his full business time and energy, except as expressly provided below, to the business, affairs and interests of Employer and its affiliates, and matters related thereto, and shall use his best efforts and abilities to promote their respective interests. Officer agrees that he will diligently endeavor to promote the business, affairs and interests of Employer and its affiliates and perform services contemplated hereby, in accordance with the policies established by the Board of Directors of the applicable entity, which policies shall be consistent with this Agreement. If so requested by Employer, Officer agrees to serve without additional remuneration as an officer of one or more (direct or indirect) subsidiaries subsidiaries, affiliates or affiliates successors of Employer as Employer may from time to time requestEmployer, subject to appropriate authorization by the affiliate affiliate, subsidiary or subsidiary successor involved and any limitation under applicable law. During the course of Officer's ’s employment as a full-time officer hereunder, Officer shall not, without the consent of Employer, compete, directly or indirectly, with Employer in the business then conducted by Employer or any of its affiliatesaffiliates or successors. Officer may make and manage personal business investments of his choice and serve in any capacity with any civic, educational or charitable organization, or any governmental entity or trade association, without seeking or obtaining approval by the BoardBoard of Directors, provided such activities and services do not materially interfere or conflict with the performance of his duties hereunder.
Appears in 1 contract
Scope of this Agreement and Outside Affiliations. During the term of this Agreement, Officer shall devote his her full business time and energy, except as expressly provided below, to the business, affairs and interests of Employer and its affiliates, and matters related thereto, and shall use his her best efforts and abilities to promote their respective interests. Officer agrees that he she will diligently endeavor to promote the business, affairs and interests of Employer and its affiliates and perform services contemplated hereby, in accordance with the policies established by the Board of the applicable entity, which policies shall be consistent with this Agreement. Officer agrees to serve without additional remuneration as an officer of one or more (direct or indirect) subsidiaries or affiliates of Employer as Employer may from time to time request, subject to appropriate authorization by the affiliate or subsidiary involved and any limitation under applicable law. During the course of Officer's employment as a full-time officer hereunder, Officer shall not, without the consent of Employer, compete, directly or indirectly, with Employer in the business then conducted by Employer or any of its affiliates. Officer may make and manage personal business investments of his her choice and serve in any capacity with any civic, educational or charitable organization, or any governmental entity or trade association, without seeking or obtaining approval by the Board, provided such activities and services do not materially interfere or conflict with the performance of his her duties hereunder.
Appears in 1 contract
Samples: Employment Agreement (Indymac Mortgage Holdings Inc)