Common use of Time and Attention Clause in Contracts

Time and Attention. During the continuance of his employment under this Agreement, the Director shall, unless prevented by Incapacity, devote his whole time and attention to the business of the Group and shall not (except as a representative or nominee of any Group Company) without the prior written consent of the Board, except as otherwise agreed to in advance by the Company: 8.1 engage in any other business which is wholly or partly in competition with any business carried on by any Group Company by himself or in partnership, common ownership or as a joint venture with any third party; or 8.2 be concerned or interested in any other business of a similar nature to or competitive with that carried on by any Group Company or which is a supplier or customer of any Group Company in relation to its goods or services, PROVIDED that nothing in this Clause shall preclude the Director from holding or being otherwise interested in any shares or other securities of any company which are for the time being quoted on any recognised stock exchange so long as the interest of the Director in such shares or other securities does not extend to five per cent (5%) or more of the total amount of such shares or securities of the same class in each corporation. 9.1 The Director is aware that in the course of employment under this Agreement he will have access to and be entrusted with information on the business and finances of the Group and its dealings, transactions and affairs, all of which information is or may be confidential. 9.2 The Director shall not (except in the proper course of his duties) during or after the period of his employment under this Agreement divulge to any person whatever or otherwise make use of (and shall use his best endeavours to prevent the publication or disclosure of) any trade secret or any confidential information concerning the business or finances of the Group or any of its suppliers, agents, distributors or customers. 9.3 All notes and memoranda of any trade secrets or confidential information concerning the business of the Group or any of its suppliers, agents, distributors or customers which shall be acquired, received or made by the Director during the course of his employment shall be the property of the Company and shall be surrendered by the Director to someone duly authorised in that behalf at the termination of his employment or at the request of the Board at any time during the course of his employment.

Appears in 4 contracts

Samples: Service Agreement (SKK Holdings LTD), Service Agreement (SKK Holdings LTD), Service Agreement (JBDI Holdings LTD)

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Time and Attention. During the continuance of his employment under this Agreement, the Director shall, unless prevented by Incapacity, devote his whole time and attention to the business of the Group and shall not (except as a representative or nominee of any Group Company) without the prior written consent of the Board, except as otherwise agreed to in advance by the Company: 8.1 engage in any other business which is wholly or partly in competition with any business carried on by any Group Company by himself or in partnership, common ownership or as a joint venture with any third party; or 8.2 be concerned or interested in any other business of a similar nature to or competitive with that carried on by any Group Company or which is a supplier or customer of any Group Company in relation to its goods or services, PROVIDED that nothing in this Clause shall preclude the Director from holding or being otherwise interested in any shares or other securities of any company which are for the time being quoted on any recognised stock exchange so long as the interest of the Director in such shares or other securities does not extend to five per cent (5%) or more of the total amount of such shares or securities of the same class in each corporation. 9.1 The Director is aware that in the course of employment under this Agreement he will have access to and be entrusted with information on the business and finances of the Group and its dealings, transactions and affairs, all of which information is or may be confidential. 9.2 The Director shall not (except in the proper course of his duties) during or after the period of his employment under this Agreement divulge to any person whatever or otherwise make use of (and shall use his best endeavours to prevent the publication or disclosure of) any trade secret or any confidential information concerning the business or finances of the Group or any of its suppliers, agents, distributors or customers. 9.3 All notes and memoranda of any trade secrets or confidential information concerning the business of the Group or any of its suppliers, agents, distributors or customers which shall be acquired, received or made by the Director during the course of his employment shall be the property of the Company and shall be surrendered by the Director to someone duly authorised in that behalf at the termination of his employment or at the request of the Board at any time during the course of his employment.

Appears in 1 contract

Samples: Service Agreement (Multi Ways Holdings LTD)

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Time and Attention. During the continuance of his her employment under this Agreement, the Director shall, unless prevented by Incapacity, devote his her whole time and attention to the business of the Group and shall not (except as a representative or nominee of any Group Company) without the prior written consent of the Board, except as otherwise agreed to in advance by the Company: 8.1 engage in any other business which is wholly or partly in competition with any business carried on by any Group Company by himself or in partnership, common ownership or as a joint venture with any third party; or 8.2 be concerned or interested in any other business of a similar nature to or competitive with that carried on by any Group Company or which is a supplier or customer of any Group Company in relation to its goods or services, PROVIDED that nothing in this Clause shall preclude the Director from holding or being otherwise interested in any shares or other securities of any company which are for the time being quoted on any recognised recognized stock exchange so long as the interest of the Director in such shares or other securities does not extend to five per cent (5%) or more of the total amount of such shares or securities of the same class in each corporation. 9.1 The Director is aware that in the course of employment under this Agreement he will have access to and be entrusted with information on the business and finances of the Group and its dealings, transactions and affairs, all of which information is or may be confidential. 9.2 The Director shall not (except in the proper course of his her duties) during or after the period of his her employment under this Agreement divulge to any person whatever or otherwise make use of (and shall use his her best endeavours endeavors to prevent the publication or disclosure of) any trade secret or any confidential information concerning the business or finances of the Group or any of its suppliers, agents, distributors or customers. 9.3 All notes and memoranda of any trade secrets or confidential information concerning the business of the Group or any of its suppliers, agents, distributors or customers which shall be acquired, received or made by the Director during the course of his her employment shall be the property of the Company and shall be surrendered by the Director to someone duly authorised authorized in that behalf at the termination of his her employment or at the request of the Board at any time during the course of his her employment.

Appears in 1 contract

Samples: Service Agreement (Multi Ways Holdings LTD)

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