Common use of Work for Third Parties Clause in Contracts

Work for Third Parties. While he remains employed, the Employee shall not work for any third party or engage in any other business activity that is in conflict with his duties and obligations to the Group; provided, however, that, for the avoidance of doubt, he may (i) manage his passive personal investments, (ii) continue his current involvement with Index, provided it does not interfere with his duties and responsibilities on behalf of the Company, (iii) with advance written approval from the Company, serve on industry, trade, civic, charitable or non-profit corporate boards or committees, (iv) with advance written approval of the Company, serve on outside for-profit corporate boards or committees, and (v) with advance written approval, serve as a consultant to for-profit entities.

Appears in 2 contracts

Samples: Employment Agreement (Luthringer Remy), Employment Agreement (Minerva Neurosciences, Inc.)

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Work for Third Parties. While he remains employedemployed by the Company, the Employee shall not work for any third party or engage in any other business activity that is in conflict with his duties and obligations to the Group; provided, however, that, for the avoidance of doubt, he may (i) manage his passive personal investments, (ii) continue his current involvement with Index, provided it does not interfere with his duties and responsibilities on behalf of the Company, (iii) with advance written approval from the Company, serve on industry, trade, civic, charitable or non-profit corporate boards or committees, (iviii) with advance written approval of the Company, serve on outside for-profit corporate boards or committees, and (viv) with advance written approvalapproval of the Company (which is not to be unreasonably withheld or delayed), serve as a consultant to for-profit entities.

Appears in 1 contract

Samples: Employment Agreement (Minerva Neurosciences, Inc.)

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Work for Third Parties. While he remains employed, the Employee shall not work for any third party or engage in any other business activity that is in conflict with his duties and obligations to the Group; provided, however, that, for the avoidance of doubt, he may (i) manage his passive personal investments, (ii) continue his current involvement with Index, provided it does not interfere with his duties and responsibilities on behalf of the Company, (iii) with advance written approval from the Company, serve on industry, trade, civic, charitable or non-profit corporate boards or committees, (iv) with advance written approval of the Company, serve on outside for-for- profit corporate boards or committees, and (v) with advance written approval, serve as a consultant to for-profit entities.

Appears in 1 contract

Samples: Employment Agreement (Minerva Neurosciences, Inc.)

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