Common use of Ventures Clause in Contracts

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

Appears in 3 contracts

Samples: Employment Agreement (Compex Technologies Inc), Employment Agreement (Compex Technologies Inc), Employment Agreement (Compex Technologies Inc)

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

Appears in 2 contracts

Samples: Employment Agreement (BacTech Environmental Corp), Employment Agreement (BacTech Environmental Corp)

Ventures. If, during Employee’s employment with the term of his employment the Company, Employee is engaged in or associated with provides input into the planning or implementing of any project, program or venture involving the Company and a third party or partiesCompany, all rights in such project, program or venture shall belong to the Company. Except as approved in writing by the Board of Directors of the Company’s Chief Executive Officer, the Employee shall will not be entitled to any interest in any such project, program or venture or to any commission, finder’s fee or other compensation in connection therewith other than the compensation to be paid to the therewith. Employee as provided in this Agreement. The Employee shall will have no interest, direct or indirect, in any vendor customer or customer of supplier that conducts business with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Advanced BioEnergy, LLC), Employment Agreement (Advanced BioEnergy, LLC)

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

Appears in 1 contract

Samples: Employment Agreement (Sportsprize Entertainment Inc/)

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

Appears in 1 contract

Samples: Employment Agreement (GigCapital2, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (Pawnbroker Com Inc)

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

Appears in 1 contract

Samples: Employment Agreement (Pawnbroker Com Inc)

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