Common use of Services and Exclusivity of Services Clause in Contracts

Services and Exclusivity of Services. During the Term of this Agreement, Employee shall devote Employee’s full business time, energy and ability exclusively to the business, affairs and interests of the Company and matters related thereto, shall use Employee’s best efforts and abilities to promote the Company’s interests and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of the Board of Directors of the Company (the “Board”) and the Chief Executive Officer of the Company (the “Senior Officer”). Employee shall not, directly or indirectly, during the term of this Agreement render services to any other person or firm for compensation or engage in any activity competitive with or adverse to the Company’s business. Employee may serve as a director or in any other capacity of any business enterprise or any nonprofit or governmental entity or trade association, provided in each case that such service is approved by the Board or the Senior Officer. Notwithstanding the foregoing, Employee may make and manage personal business investments of Employee’s choice and serve in any capacity with any civic, educational or charitable organization (other than as a director of such organization, approval for which may be sought under the immediately preceding sentence of this Section 2) without seeking the approval of the Senior Officer, provided that such activities and services do not interfere or conflict with the performance of the duties hereunder or create any conflict of interest with such duties.

Appears in 2 contracts

Samples: Employment Agreement (Corinthian Colleges Inc), Employment Agreement (Corinthian Colleges Inc)

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Services and Exclusivity of Services. During the Term of this Agreement, Employee shall devote Employee’s 's full business time, energy and ability exclusively to the business, affairs and interests of the Company and matters related thereto, shall use Employee’s 's best efforts and abilities to promote the Company’s 's interests and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of the Board of Directors of the Company (the "Board") and the Chief Executive Officer chief executive officer of the Company (the "Senior Officer"). Employee shall not, directly or indirectly, during the term of this Agreement render services to any other person or firm for compensation or engage in any activity competitive with or adverse to the Company’s 's business. Employee may serve as a director or in any other capacity of any business enterprise or any nonprofit or governmental entity or trade association, provided in each case that such service is approved by the Board or the Senior Officer. Notwithstanding the foregoing, Employee may make and manage personal business investments of Employee’s 's choice and serve in any capacity with any civic, educational or charitable organization (other than as a director of such organization, approval for which may be sought under the immediately preceding sentence of this Section 2) without seeking the approval of the Senior Officer, provided that such activities and services do not interfere or conflict with the performance of the duties hereunder or create any conflict of interest with such duties.

Appears in 1 contract

Samples: Employment Agreement (Corinthian Colleges Inc)

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Services and Exclusivity of Services. During the Term of this Agreement, Employee shall devote Employee’s 's full business time, energy and ability exclusively to the business, affairs and interests of the Company and matters related thereto, shall use Employee’s 's best efforts and abilities to promote the Company’s 's interests and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of [the Board of Directors of the Company (the "Board”) and ")] [or] [the Chief Executive Officer chief executive officer of the Company (the "Senior Officer")]. Employee shall not, directly or indirectly, during the term of this Agreement render services to any other person or firm for compensation or engage in any activity competitive with or adverse to the Company’s 's business. Employee may serve as a director or in any other capacity of any business enterprise or any nonprofit or governmental entity or trade association, provided in each case that such service is approved by the Board or the Senior Officer. Notwithstanding the foregoing, Employee may make and manage personal business investments of Employee’s 's choice and serve in any capacity with any civic, educational or charitable organization (other than as a director of such organization, approval for which may be sought under the immediately preceding sentence of this Section 2) without seeking the approval of the [Board] [or] [the Senior Officer], provided that such activities and services do not interfere or conflict with the performance of the duties hereunder or create any conflict of interest with such duties.

Appears in 1 contract

Samples: Employment Agreement (Corinthian Colleges Inc)

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