Common use of Ventures Clause in Contracts

Ventures. If Executive, during employment with Company, is engaged in or associated with the planning or implementation of any project, program, or venture involving Company and any third parties, all rights in the project, program, or venture shall belong to Company, and Executive shall not be entitled to any interest therein or to any commission, finder's fee, or other compensation in connection therewith other than the salary and other benefits to be paid or provided to Executive as provided in this Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Foothills Exploration, Inc.), Executive Employment Agreement (Foothills Exploration, Inc.)

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Ventures. If ExecutiveIf, during employment with Companythe Term of Employment, Executive is engaged in or associated with the planning or implementation implementing of any project, program, program or venture involving the Company and any a third party or parties, all rights in the such project, program, program or venture shall belong to the Company. Except as formally approved by the Company’s Board of Directors, and Executive shall not be entitled to any interest therein in such project, program or venture or to any commission, finder's fee, ’s fee or other compensation in connection therewith other than the salary and or other benefits compensation to be paid or provided to Executive as provided in this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Ciprico Inc), Employment Agreement (Ciprico Inc), Employment Agreement (Ciprico Inc)

Ventures. If ExecutiveIf, during Executive's employment with the Company, Executive is engaged in or associated with provides input into the planning or implementation implementing of any project, program, program or venture involving Company and any third partiesthe Company, all rights in the such project, program, program or venture shall belong to the Company. Except as approved in writing by the Board of Directors of the Company, and Executive shall not be entitled to any interest therein in any such project, program or venture or to any commission, finder's fee, fee or other compensation in connection therewith other than therewith. Executive shall have no interest, direct or indirect, in any customer or supplier that conducts business with the salary and other benefits to be paid or provided to Executive as provided in this AgreementCompany.

Appears in 4 contracts

Samples: Employment Agreement (Stellent Inc), Employment Agreement (Stellent Inc), Employment Agreement (Stellent Inc)

Ventures. If ExecutiveIf, during employment with Companythe Term, Executive is engaged in or associated with the planning or implementation implementing of any project, program, program or venture involving the Company and any a third party or parties, all rights in the with respect to such project, program, program or venture shall belong to the Company. Except as approved by the Company's Board of Directors, and Executive shall not be entitled to any interest therein in such project, program or venture or to any commission, finder's fee, fee or other compensation in connection therewith other than the salary and other benefits to be paid or provided to Executive as provided in this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (International Game Technology), Employment Agreement (International Game Technology), Employment Agreement (International Game Technology)

Ventures. If ExecutiveIf, during Executive’s employment with the Company, Executive is engaged in or associated with provides input into the planning or implementation implementing of any project, program, program or venture involving Company and any third partiesthe Company, all rights in the such project, program, program or venture shall belong to the Company. Except as approved in writing by the Board of Directors of the Company, and Executive shall not be entitled to any interest therein in any such project, program or venture or to any commission, finder's fee, ’s fee or other compensation in connection therewith other than therewith. Executive shall have no interest, direct or indirect, in any customer or supplier that conducts business with the salary and other benefits to be paid or provided to Executive as provided in this AgreementCompany.

Appears in 3 contracts

Samples: Employment Agreement (Stellent Inc), Employment Agreement (Stellent Inc), Employment Agreement (Stellent Inc)

Ventures. If Executive, during his employment with Company, is engaged in or associated with the planning or implementation of any project, program, or venture involving Company and any third parties, all rights in the project, program, or venture shall belong to Company, and Executive shall not be entitled to any interest therein or to any commission, finder's ’s fee, or other compensation in connection therewith other than the salary and other benefits to be paid or provided to Executive as provided in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Nurescell Inc), Employment Agreement (Nurescell Inc)

Ventures. If ExecutiveIf, during Executive’s employment with the Company, Executive is engaged in or associated with provides input into the planning or implementation implementing of any project, program, program or venture involving Company and any third partiesthe Company, all rights in the such project, program, program or venture shall belong to the Company. Except as approved in writing by the Board, and Executive shall not be entitled to any interest therein in any such project, program or venture or to any commission, finder's fee, ’s fee or other compensation in connection therewith other than therewith. Executive shall have no interest, direct or indirect, in any customer or supplier that conducts business with the salary and other benefits to be paid or provided to Executive as provided in this AgreementCompany.

Appears in 2 contracts

Samples: Employment Agreement (Startek Inc), Employment Agreement (Wilsons the Leather Experts Inc)

Ventures. If ExecutiveIf, during the term of his employment with Company, the Executive is engaged in or associated with the planning or implementation implementing of any project, program, program or venture involving the Company and any a third party or parties, all rights in the such project, program, program or venture shall belong to the Company. Except as approved by the Company's Board of Directors, and the Executive shall not be entitled to any interest therein in such project, program or venture or to any commission, finder's fee, fee or other compensation in connection therewith other than the salary and other benefits compensation to be paid or provided to the Executive as provided in this Agreement. The Executive shall have no interest, direct or indirect, in any vendor or customer of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Uroplasty Inc), Employment Agreement (Rehabilicare Inc)

Ventures. If ExecutiveIf, during Executive’s employment with the Company, Executive is engaged in or associated with provides input into the planning or implementation implementing of any project, program, program or venture involving Company and any third partiesthe Company, all rights in the such project, program, program or venture shall belong to the Company. Except as approved in writing by the Company’s Board of Directors, and Executive shall will not be entitled to any interest therein in any such project, program or venture or to any commission, finder's fee, ’s fee or other compensation in connection therewith other than therewith. Executive will have no interest, direct or indirect, in any customer or supplier that conducts business with the salary and other benefits to be paid or provided to Executive as provided in this AgreementCompany.

Appears in 1 contract

Samples: Confidentiality, Assignment of Intellectual Property and Restrictive Covenants Agreement (Tactile Systems Technology Inc)

Ventures. If ExecutiveIf, during Executive's employment with the Company, Executive is engaged in or associated with provides input into the planning or implementation implementing of any project, program, program or venture involving Company and any third partiesthe Company, all rights in the such project, program, program or venture shall belong to the Company. Except as approved in writing by the Board, and Executive shall not be entitled to any interest therein in any such project, program or venture or to any commission, finder's fee, fee or other compensation in connection therewith other than therewith. Executive shall have no interest, direct or indirect, in any customer or supplier that conducts business with the salary and other benefits to be paid or provided to Executive as provided in this AgreementCompany.

Appears in 1 contract

Samples: Employment Agreement (Startek Inc)

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Ventures. If ExecutiveIf, during the term of his employment with Company, the Executive is engaged in or associated with the planning or implementation implementing of any project, program, program or venture involving the Company and any a third party or parties, all rights in the such project, program, program or venture shall belong to the Company. Except as approved by the Company’s Chief Executive Officer, and the Executive shall not be entitled to any interest therein in such project, program or venture or to any commission, finder's fee, ’s fee or other compensation in connection therewith other than the salary and other benefits compensation to be paid or provided to the Executive as provided in this Agreement. The Executive shall have no interest, direct or indirect, in any vendor or customer of the Company.

Appears in 1 contract

Samples: Employment Agreement (Compex Technologies Inc)

Ventures. If ExecutiveIf, during employment with Companythe Term, the Executive is engaged in or associated with the planning or implementation implementing of any project, program, program or venture involving the Company and any a third party or parties, all rights in the with respect to such project, program, program or venture shall belong to the Company. Except as approved by the President and Chief Executive Officer of the Shareholder, and the Executive shall not be entitled to any interest therein in such project, program or venture or to any commission, finder's fee, fee or other compensation in connection therewith other than the salary and other benefits to be paid or provided to the Executive as provided in this Agreement.

Appears in 1 contract

Samples: Transition and Termination Agreement (International Game Technology)

Ventures. If Executive, during employment with the Company, is engaged in or associated with the planning or implementation of any project, program, or venture involving the Company and any third parties, all rights in the project, program, or venture shall belong to the Company, and Executive shall not be entitled to any interest therein or to any commission, finder's ’s fee, or other compensation in connection therewith other than the salary and other benefits to be paid or provided to Executive as provided in this AgreementAgreement unless otherwise expressly mutually agreed in writing by the Company and Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Second Sight Medical Products Inc)

Ventures. If ExecutiveIf, during employment with Companythe term of his employment, the Executive is engaged in or associated with the planning or implementation implementing of any project, program, venture or venture relationship involving the Company and any a third party or parties, all rights in the such project, program, venture or venture relationship shall belong to the Company. Except as approved by the Board, and the Executive shall not be entitled to any interest therein in such project, program, venture or relationship or to any commission, finder's fee, fee or other compensation in connection therewith other than the salary and other benefits to be paid or provided to Executive as provided in this Agreementtherewith.

Appears in 1 contract

Samples: Employment Agreement (Enzon Pharmaceuticals Inc)

Ventures. If Executive, during employment with the Company, is engaged in or associated with the planning or implementation of any project, program, or venture involving the Company and any third parties, all rights in the project, program, or venture shall belong to the Company, and Executive shall not be entitled to any interest therein or to any commission, finder's fee, or other compensation in connection therewith other than the salary and other benefits to be paid or provided to Executive as provided in this AgreementAgreement unless otherwise expressly mutually agreed in writing by the Company and Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Second Sight Medical Products Inc)

Ventures. If Executive, during employment engagement with the Company, is engaged in or associated with the planning or implementation of any project, program, or venture involving the Company and any third parties, all rights in the project, program, or venture shall belong to the Company, and Executive shall not be entitled to any interest therein or to any commission, finder's fee, or other compensation in connection therewith other than the salary and other benefits compensation to be paid or provided to Executive as provided in this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Oroplata Resources, Inc.)

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