Outside Activities Clause Example with 33 Variations from Business Contracts
This page contains Outside Activities clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Outside Activities. Except with the prior written consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive's responsibilities and the performance of Executive's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive may wish to serve, (ii) reasonable time ...devoted to activities in the non-profit and business communities consistent with Executive's duties, and (iii) such other activities as may be specifically approved by the Chief Executive Officer. This restriction shall not, however, preclude Executive (x) from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management or control with the Company.View More
Variations of a "Outside Activities" Clause from Business Contracts
Outside Activities. Except with the prior written consent of the Company's Board, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive's Employee's responsibilities and the performance of Executive's Employee's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive... Employee may wish to serve, serve; (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, Employee's duties; (iii) reasonable time devoted to service on boards of directors of companies that are not competitive with the Company, do not otherwise present a conflict of interest and (iii) would not otherwise interfere with Employee's responsibilities and the performance of Employee's duties hereunder, subject to the prior written approval of the Board (which approval shall not be unreasonably withheld); (iv) such other activities that would not interfere with Employee's responsibilities and the performance of Employee's duties hereunder as may be specifically approved by the Chief Executive Officer. Board (which approval shall not be unreasonably withheld); and (v) Employee's continuing to practice medicine on a volunteer basis to the extent required to maintain his existing medical board certification, which amount shall not exceed four (4) hours per week. This restriction shall not, however, preclude Executive (x) the Employee from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management or control with the Company. publicly traded company. View More
Outside Activities. Except with the prior written consent of the Company's Board, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive's Employee's responsibilities and the performance of Executive's Employee's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive... Employee may wish to serve, serve; (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, Employee's duties; (iii) reasonable time devoted to service on boards of directors of companies that are not competitive with the Company, do not otherwise present a conflict of interest and (iii) would not otherwise interfere with Employee's responsibilities and the performance of Employee's duties hereunder, subject to the prior written approval of the Board (which approval shall not be unreasonably withheld); (iv) such other activities that would not interfere with Employee's responsibilities and the performance of Employee's duties hereunder as may be specifically approved by the Chief Executive Officer. Board (which approval shall not be unreasonably withheld); and (v) Employee's continuing to practice medicine on a volunteer basis to the extent required to maintain his existing medical board certification, which amount shall not exceed 4 hours per week. This restriction shall not, however, preclude Executive (x) the Employee from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management or control with the Company. publicly traded company. View More
Outside Activities. Except with the prior written consent of the Company's Board, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive's Employee's responsibilities and the performance of Executive's Employee's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive... Employee may wish to serve, serve; (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, Employee's duties; (iii) reasonable time devoted to service on boards of directors of companies that are not competitive with the Company, do not otherwise present a conflict of interest and (iii) would not otherwise interfere with Employee's responsibilities and the performance of Employee's duties hereunder, subject to the prior written approval of the Board (which approval shall not be unreasonably withheld); and (iv) such other activities that would not interfere with Employee's responsibilities and the performance of Employee's duties hereunder as may be specifically approved by the Chief Executive Officer. Board (which approval shall not be unreasonably withheld). This restriction shall not, however, preclude Executive (x) the Employee from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management or control with the Company. publicly traded company. View More
Outside Activities. Except with the prior written consent of the Company's Board, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive's Employee's responsibilities and the performance of Executive's Employee's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive... Employee may wish to serve, serve; (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, Employee's duties; (iii) reasonable time devoted to his role as a director/member and (iii) executive of Ventagen, Inc.; (iv) reasonable time devoted to service on boards of directors of companies that are not competitive with the Company, do not otherwise present a conflict of interest and would not otherwise interfere with Employee's responsibilities and the performance of Employee's duties hereunder, subject to the prior written approval of the Board (which approval shall not be unreasonably withheld), including, to the extent consistent with the foregoing, ALD Nanosolutions, Inc.; and (v) such other activities that would not interfere with Employee's responsibilities and the performance of Employee's duties hereunder as may be specifically approved by the Chief Executive Officer. Board (which approval shall not be unreasonably withheld). This restriction shall not, however, preclude Executive (x) the Employee from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management or control with the Company. publicly traded company. View More
Outside Activities. Except with the prior written consent of the Company's Board, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive's Employee's responsibilities and the performance of Executive's Employee's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive... Employee may wish to serve, serve; (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, Employee's duties; (iii) reasonable time devoted to service on boards of directors of companies that are not competitive with the Company, do not otherwise present a conflict of interest and (iii) would not otherwise interfere with Employee's responsibilities and the performance of Employee's duties hereunder, subject to the prior written approval of the Board (which approval shall not be unreasonably withheld); (iv) reasonable time devoted to her role as a director/member and executive of Ventagen, Inc.; and (v) such other activities that would not interfere with Employee's responsibilities and the performance of Employee's duties hereunder as may be specifically approved by the Chief Executive Officer. Board (which approval shall not be unreasonably withheld). This restriction shall not, however, preclude Executive (x) the Employee from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management or control with the Company. publicly traded company. View More
Outside Activities. Except with the prior written consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation occupation, or business enterprise that would interfere with Executive's responsibilities and the performance of Executive's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit non-profit, and/or other charitable organization as Executive may wish to serv...e, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, position with the Company, (iii) reasonable time serving as trustee, director, or advisor to any family companies or trusts, (iv) with prior written notice to the 3 Board, reasonable time devoted to service as a member of the board of directors (or its equivalent in the case of a non-corporate entity) of a non-competing business, or (v) provide consulting services for up to 8 hours per month; so long as the activities set forth in clauses (i), (ii), (iii), (iv) and (iii) such other (v) (A) do not, individually or in the aggregate, interfere with the performance of the Executive's duties under this Agreement, (B) are not contrary to the interests of the Company or its Affiliates or competitive in any way with the Company its Affiliates or (C) are not in the field of constrained peptide drugs or therapeutics (including, without limitation, any work in the field of lead peptide identification and optimization and pre-clinical development of constrained peptide therapeutics). In addition, the activities as set forth in clauses (i), (ii), (iii), and (iv) may not exceed, in the aggregate, 6 days of Executive's services per year, which permitted time commitment may be specifically approved increased by the Chief Board, in its discretion which shall not be unreasonably withheld, to up to 12 days per year where a new specific opportunity has been identified by Executive Officer. which would give Executive experience that is considered to be of wider benefit to the Company. This restriction shall not, however, preclude Executive from (x) from owning less than one percent (1%) of the total outstanding shares of a publicly-traded publicly traded company, (y) managing Executive's passive personal investments, or (y) from (z) employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management means, at the time of determination, any "parent" or control with "subsidiary" of the Company. Company as such terms are defined in Rule 405 of the Securities Act of 1933, as amended. The Board will have the authority to determine the time or times at which "parent" or "subsidiary" status is determined within the foregoing definition. View More
Outside Activities. Except with the prior written consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation occupation, or business enterprise that would interfere with Executive's responsibilities and the performance of Executive's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit non-profit, and/or other charitable organization as Executive may wish to serv...e, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, position with the Company, (iii) reasonable time serving as trustee, director, or advisor to any family companies or trusts, or (iv) with prior written notice to the 3 Board, reasonable time devoted to service as a member of the board of directors (or its equivalent in the case of a non-corporate entity) of a non-competing business; so long as the activities set forth in clauses (i), (ii), (iii), and (iii) such other (iv) (A) do not, individually or in the aggregate, interfere with the performance of the Executive's duties under this Agreement, (B) are not contrary to the interests of the Company or its Affiliates or competitive in any way with the Company its Affiliates or (C) are not in the field of constrained peptide drugs or therapeutics (including, without limitation, any work in the field of lead peptide identification and optimization and pre-clinical development of constrained peptide therapeutics). In addition, the activities as set forth in clauses (i), (ii), (iii), and (iv) may not exceed, in the aggregate, 6 days of Executive's services per year, which permitted time commitment may be specifically approved increased by the Chief Board, in its discretion which shall not be unreasonably withheld, to up to 12 days per year where a new specific opportunity has been identified by Executive Officer. which would give Executive experience that is considered to be of wider benefit to the Company. This restriction shall not, however, preclude Executive from (x) from owning less than one percent (1%) of the total outstanding shares of a publicly-traded publicly traded company, (y) managing Executive's passive personal investments, or (y) from (z) employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management means, at the time of determination, any "parent" or control with "subsidiary" of the Company. Company as such terms are defined in Rule 405 of the Securities Act of 1933, as amended. The Board will have the authority to determine the time or times at which "parent" or "subsidiary" status is determined within the foregoing definition. View More
Outside Activities. Except with the prior written consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation occupation, or business enterprise that would interfere with Executive's responsibilities and the performance of Executive's duties hereunder except for (i) clinical medicine practice no more than one half day per week (ii) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit non-profit,... and/or other charitable organization as Executive may wish to serve, (ii) (iii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, position with the Company, and (iii) (iv) such other activities as may be specifically approved by the Chief Executive Officer. Board, in the cases of (ii)-(iv), so long as such activities do not interfere or conflict with the performance of Executive's duties and responsibilities under this Agreement, as determined by the Company in its sole discretion. This restriction shall not, however, preclude Executive from (x) from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, (y) managing Executive's passive personal investments, or (y) from (z) employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management means, at the time of determination, any "parent" or control with "subsidiary" of the Company. Company as such terms are defined in Rule 405 of the Securities Act of 1933, as amended. The Board will have the authority to determine the time or times at which "parent" or "subsidiary" status is determined within the foregoing definition. View More
Outside Activities. Except with the prior written consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation occupation, or business enterprise that would interfere with Executive's responsibilities and the performance of Executive's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit non-profit, and/or other charitable organization as Executive may wish to serv...e, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, and position with the Company, (iii) such other activities reasonable time serving as may be specifically approved trustee, director, or advisor to any family companies or trusts, or (iv) with prior written consent by the Chief Executive Officer. Board, reasonable time devoted to service as a member of the board of directors (or its equivalent in the case of a non-corporate entity) of a non-competing business; so long as the activities set forth in clauses (i), (ii), (iii), and (iv) do not interfere, individually or in the aggregate, with the performance of Executive's duties for the Company, are not competitive with the business of the Company, will not otherwise result in Executive's breach of the Confidential Information Agreement, or create a business or fiduciary conflict. This restriction shall not, however, preclude Executive from (x) from owning less than one percent (1%) of the total outstanding shares of a publicly-traded publicly traded company, (y) managing Executive's passive personal investments, or (y) from (z) employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management means, at the time of determination, any "parent" or control with "subsidiary" of the Company. Company as such terms are defined in Rule 405 of the Securities Act of 1933, as amended. The Board will have the authority to determine the time or times at which "parent" or "subsidiary" status is determined within the foregoing definition. View More
Outside Activities. Except with the prior written consent of the Board, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation occupation, or business enterprise that would interfere with Executive's responsibilities and the performance of Executive's duties hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit non-profit, and/or other charitable organization as Executive may wish to serv...e, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive's duties, position with the Company, (iii) fulfill speaking engagements and (iii) teaching activities, and (iv) such other activities as may be specifically approved by the Chief Executive Officer. Board, to include those listed on Exhibit B, in the cases of (i)-(iv), so long as such activities do not materially interfere or conflict with the performance of Executive's duties and responsibilities under this Agreement. This restriction shall not, however, preclude Executive from (x) from owning less than one percent (1%) of the total outstanding shares of a publicly-traded company, (y) managing Executive's passive personal investments, or (y) from (z) employment or service in any capacity with Affiliates of the Company. As used in this Agreement, "Affiliates" means an entity under common management means, at the time of determination, any "parent" or control with "subsidiary" of the Company. Company as such terms are defined in Rule 405 of the Securities Act of 1933, as amended. The Board will have the authority to determine the time or times at which "parent" or "subsidiary" status is determined within the foregoing definition. View More
