Common use of VENTURES AND ACQUISITIONS Clause in Contracts

VENTURES AND ACQUISITIONS. If, during the term of this Agreement, Employee is engaged in or associated with the planning or implementing of any project, program or venture involving the Employer and a third party or parties (a "Venture"), or any discussions, analyses or negotiations with respect to an investment in, merger, acquisition or purchase, directly or indirectly, of the stock, assets or business of any entity (an "Acquisition"), all rights in the Venture and the Acquisition and any opportunity to make any investment in the entity to be so acquired (the "Target") shall belong to the Employer and shall constitute a corporate opportunity belonging exclusively to the Employer. Except as approved by the Employer's Board of Directors, the Employee shall not be entitled to any interest in any such Venture or to invest or solicit any third party to invest in the Target or consummate the Acquisition, or to receive any commission, finder's fee or other compensation in connection therewith other than the salary to be paid to Employee as provided in this Agreement.