Common use of Service Obligations Clause in Contracts

Service Obligations. 4.1 The Executive shall not during the Engagement engage, enter into, undertake or be concerned or in any manner interested in any capacity either directly or indirectly whether paid or unpaid in any other occupation or business or trade or the setting up of any business or trade which is wholly or partly in competition with the activities of the Company or any Group Company. 4.2 The Executive shall not at any time during the continuance of this Agreement without the previous written consent of the Board engage or be concerned or interested, either directly or indirectly, in any other trade, profession, business or occupation which in the reasonable opinion of the Board would materially interfere with the proper performance of the Executive’s duties or hold any directorship in any company other than a member of the Group without prior written approval from the Board which shall not be unreasonably withheld in the case of non-executive directorships of companies that are not in competition with the business of the Group or activities that would not obstruct the Executive’s ability to perform his duties under this Agreement in priority to the requirement of any other such activity undertaken by the Executive. 4.3 The Executive shall not at any time during the continuance of this Agreement do any thing (whether in his activities for the Group or otherwise) which may in the reasonable opinion of the Board significantly bring the Company or any member of the Group into disrepute or harm the goodwill or the reputation of the Company or any member of the Group. 4.4 Nothing contained in this Agreement shall preclude the Executive from being interested in issued shares or other securities of any class of any company which are listed or dealt in on a recognised Stock Exchange. However, if the Executive wishes to be interested in more than 3 per cent. of the issued shares or other securities of any class of any company which are listed or dealt in on a recognised Stock Exchange the Executive must first obtain the written agreement of the Board, which shall only be withheld if in the reasonable and written opinion of the Board such interest would materially conflict with the interests of the Company or interfere with the proper performance of the Executives duties. All share dealings shall be carried out in accordance with the Share Dealing Code as adopted by the Board on Admission. 4.5 During the continuation of the Engagement the Executive shall not directly or indirectly procure to obtain for his own benefit (or for the benefit of any other person (other that the Company)) any payment, rebate, discount, commission, voucher, gift or other benefit (with the exception of reasonable corporate entertainment) from any third party in respect of any business transacted or proposed to be transacted (whether or not by the Executive) by or on behalf of the Company or any member of the Group or its clients and shall immediately disclose and account to the Company for any such payment or benefit received by the Executive (or by any other person on his behalf or at his instruction).

Service Obligations. 4.1 The Executive Director shall not during the Engagement engage, enter into, undertake or be concerned or in any manner interested in any capacity either directly or indirectly whether paid or unpaid in any other occupation or business or trade or the setting up of any business or trade which is wholly or partly in competition with the activities of the Company or any Group Company. 4.2 The Executive Director shall not at any time during the continuance of this Agreement without the previous written consent of the Board engage or be concerned or interested, either directly or indirectly, in any other trade, profession, business or occupation which in the reasonable opinion of the Board would materially interfere with the proper performance of the ExecutiveDirector’s duties or hold any directorship in any company other than a member of the Group without prior written approval from the Board which shall not be unreasonably withheld in the case of non-executive Director directorships of companies that are not in competition with the business of the Group or activities that would not obstruct the ExecutiveDirector’s ability to perform his duties under this Agreement in priority to the requirement of any other such activity undertaken by the ExecutiveDirector. 4.3 The Executive Director shall not at any time during the continuance of this Agreement do any thing (whether in his activities for the Group or otherwise) which may in the reasonable opinion of the Board significantly bring the Company or any member of the Group into disrepute or harm the goodwill or the reputation of the Company or any member of the Group. 4.4 Nothing contained in this Agreement shall preclude the Executive Director from being interested in issued shares or other securities of any class of any company which are listed or dealt in on a recognised Stock Exchange. However, if the Executive Director wishes to be interested in more than 3 per cent. of the issued shares or other securities of any class of any company which are listed or dealt in on a recognised Stock Exchange the Executive Director must first obtain the written agreement of the Board, which shall only be withheld if in the reasonable and written opinion of the Board such interest would materially conflict with the interests of the Company or interfere with the proper performance of the Executives Directors duties. All share dealings shall be carried out in accordance with the Share Dealing Code as adopted by the Board on Admission. 4.5 During the continuation of the Engagement the Executive Director shall not directly or indirectly procure to obtain for his own benefit (or for the benefit of any other person (other that the Company)) any payment, rebate, discount, commission, voucher, gift or other benefit (with the exception of reasonable corporate entertainment) from any third party in respect of any business transacted or proposed to be transacted (whether or not by the ExecutiveDirector) by or on behalf of the Company or any member of the Group or its clients and shall immediately disclose and account to the Company for any such payment or benefit received by the Executive Director (or by any other person on his behalf or at his instruction).

Service Obligations. 4.1 The Non-Executive Director shall not during the Engagement engage, enter into, undertake or be concerned or in any manner interested in any capacity either directly or indirectly whether paid or unpaid in any other occupation or business or trade or the setting up of any business or trade which is wholly or partly in competition with the activities of the Company or any Group Company. 4.2 The Non-Executive Director shall not at any time during the continuance of this Agreement without the previous written consent of the Board engage or be concerned or interested, either directly or indirectly, in any other trade, profession, business or occupation which in the reasonable opinion of the Board would materially interfere with the proper performance of the ExecutiveNon-Executive Director’s duties or hold any directorship in any company other than a member of the Group without prior written approval from the Board which shall not be unreasonably withheld in the case of non-executive directorships of companies that are not in competition with the business of the Group or activities that would not obstruct the ExecutiveNon- Executive Director’s ability to perform his duties under this Agreement in priority to the requirement of any other such activity undertaken by the ExecutiveNon-Executive Director. 4.3 The Non-Executive Director shall not at any time during the continuance of this Agreement do any thing (whether in his activities for the Group or otherwise) which may in the reasonable opinion of the Board significantly bring the Company or any member of the Group into disrepute or harm the goodwill or the reputation of the Company or any member of the Group. 4.4 Nothing contained in this Agreement shall preclude the Non-Executive Director from being interested in issued shares or other securities of any class of any company which are listed or dealt in on a recognised Stock Exchange. However, if the Non-Executive Director wishes to be interested in more than 3 per cent. of the issued shares or other securities of any class of any company which are listed or dealt in on a recognised Stock Exchange the Non- Executive Director must first obtain the written agreement of the Board, which shall only be withheld if in the reasonable and written opinion of the Board such interest would materially conflict with the interests of the Company or interfere with the proper performance of the Executives Non-Executive Directors duties. All share dealings shall be carried out in accordance with the Share Dealing Code as adopted by the Board on Admission. 4.5 During the continuation of the Engagement the Non-Executive Director shall not directly or indirectly procure to obtain for his own benefit (or for the benefit of any other person (other that the Company)) any payment, rebate, discount, commission, voucher, gift or other benefit (with the exception of reasonable corporate entertainment) from any third party in respect of any business transacted or proposed to be transacted (whether or not by the ExecutiveNon-Executive Director) by or on behalf of the Company or any member of the Group or its clients and shall immediately disclose and account to the Company for any such payment or benefit received by the Non-Executive Director (or by any other person on his behalf or at his instruction).