Outside Activities Clause Example with 9 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. 9.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, Executive will not while employed by the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performa...nce of his duties hereunder. 9.2 Conflicting Interests. Except as permitted by Section 9.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are known by him to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he may own, as a passive investor, securities of any public competitor corporation, so long as his direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the voting stock of such corporation.View More
Variations of a "Outside Activities" Clause from Business Contracts
Outside Activities. 9.1 Other Employment/Enterprise. Except Limitation on Certain Activities. The Company understands that Executive may have professional engagements providing services with other parties and the prior written consent of Company and the Company's Board, Executive agree that Executive will limit such services to not while employed by more than a 20% time-commitment, on average, and that such services shall not conflict or interfere with Executive's obligations to the Company undertake or engage in a...ny other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performance of his duties hereunder. 9.2 Conflicting Interests. Except as permitted by Section 9.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 under this Agreement. Competing Enterprises. Entities. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, consultant or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are was or should have been known by him to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he may own, as a passive investor, securities of any public publicly owned competitor corporation, so long as his direct holdings in any one such corporation 3 shall not in the aggregate constitute more than 1% one percent of the voting stock of such corporation. View More
Outside Activities. 9.1 Other Employment/Enterprise. 4.1 Limitation on Certain Activities. Except with the prior written consent of the Company's Board, Executive will which shall not unreasonably be withheld, while employed by the Company Company, Executive will not undertake or engage in any other employment, occupation or business enterprise, other than ones those in which Executive is a passive investor. In no event shall Executive undertake any such activities that would detract from his ability to devote subs...tantially full-time effort as an employee of the Company, consistent with his title and responsibilities. Executive may engage in civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performance of his duties hereunder. 9.2 Conflicting Interests. Except as permitted by Section 9.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 4.2 Competing Enterprises. Entities. While employed by the Company, except on behalf of the Company, Company as directed by the Board, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, consultant or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are was or should have been known by him to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he may own, as a passive investor, securities of any public publicly owned competitor corporation, so long as his direct holdings in any one such corporation shall not in the aggregate constitute more than 1% one percent (1%) of the voting stock of such corporation. View More
Outside Activities. 9.1 4.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, the Executive will not not, while employed by the Company Company, undertake or engage in any other employment, occupation or business enterprise, other than ones in which the Executive is a passive investor. investor and any services performed by the Executive do not materially interfere with the performance of his duties under this Agreement. Notwithstanding the foregoing, the Executive may (a) e...ngage in civic and not-for-profit activities and (b) accept board, advisor or serve as a member of a not-for-profit or for-profit board of directors similar positions with other companies, in each case so long as such activities do not materially interfere or conflict with the performance of his duties hereunder. 9.2 under this Agreement. 4.2 Conflicting Interests. Except as permitted by Section 9.3, 4.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 4.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, the Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are were known by him to compete directly with the Company, throughout the world, in any 3 line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he the Executive may own, as a passive investor, securities of any public competitor corporation, so long as his direct holdings in any one such corporation shall will not in the aggregate constitute more than 1% of the voting stock of such corporation. 4.4 Non-Solicitation. While employed by the Company and for two (2) years following termination of the Executive's employment, except on behalf of the Company, the Executive will not, directly or indirectly, solicit or attempt to solicit any employee, independent contractor or consultant of the Company to terminate his, her or its relationship with Company in order to become an employee, consultant, or independent contractor to or for any other person or entity. View More
Outside Activities. 9.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, Executive will not while employed by the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. investor, provided however, that Executive may engage in limited consulting arrangements as long as such consulting arrangements do not adversely impact Executive's performance or responsibilities for the Company and a...re not in competition or conflict with the Company's research, services, or products, in the sole opinion of the Company. Executive will inform the Company of the scope of any such consulting engagements prior to engaging in such work and provide written updates whenever there is a change in the consulting services or annually, whichever occurs first as to the status of all such engagements. Executive may engage in civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performance of his duties hereunder. 9.2 Conflicting Interests. Except as permitted by Section 9.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are known by him to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he may own, as a passive investor, securities of any public competitor corporation, so long as his direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the voting stock of such corporation. 3 10. Proprietary Information, Nonsolicitation, Noncompetition And Inventions Assignment Obligations. As a condition of employment, Executive agrees to execute and abide by the Proprietary Information, Nonsolicitation, Noncompetition and Inventions Assignment Agreement attached as Exhibit A to this Agreement. View More
Outside Activities. 9.1 4.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, the Executive will not not, while employed by the Company Company, undertake or engage in any other employment, occupation or business enterprise, other than ones in which the Executive is a passive investor. investor and any services performed by the Executive do not materially interfere with the performance of his duties under this Agreement. Notwithstanding the foregoing, the Executive may (a) e...ngage in civic and not-for-profit activities and (b) accept board, advisor or serve as a member of a not-for-profit or for-profit board of directors similar positions with other companies, in each case so long as such activities do not materially interfere or conflict with the performance of his duties hereunder. 9.2 under this Agreement. 4.2 Conflicting Interests. Except as permitted by Section 9.3, 4.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 4.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, the Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are were known by him to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he the Executive may own, as a passive investor, securities of any public competitor corporation, so long as his direct holdings in any one such corporation shall will not in the aggregate constitute more than 1% of the voting stock of such corporation. 4.4 Non-Solicitation. While employed by the Company and for two (2) years following termination of the Executive's employment, except on behalf of the Company, the Executive will not, directly or indirectly, solicit or attempt to solicit any employee, independent contractor or consultant of the Company to terminate his, her or its relationship with Company in order to become an employee, consultant, or independent contractor to or for any other person or entity. View More
Outside Activities. 9.1 4.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, Executive will not not, while employed by the Company Company, undertake or engage in any other employment, occupation or business enterprise, other than ones those in which Executive is a passive investor. Executive may engage in limited advisory relationships with and serve on the boards of other companies (provided such companies are not in competitive markets), scientific research, scholarly wr...iting and publications, and civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performance of his Executive's duties hereunder. 9.2 4.2 Conflicting Interests. Except as permitted by Section 9.3, 4.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him Executive to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 4.3 Competing Enterprises. Enterprise. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are were known by him Executive to compete directly with the Company, throughout the world, in any line of business engaged in (or then currently planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he Executive may own, as a passive investor, securities of any public competitor corporation, so long as his Executive's direct holdings in any one such corporation shall not in the aggregate constitute more than 1% 2% of the voting stock of such corporation. View More
Outside Activities. 9.1 4.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, Executive will not not, while employed by the Company Company, undertake or engage in any other employment, occupation or business enterprise, other than ones those in which Executive is a passive investor. Executive may engage in limited advisory relationships with and serve on the boards of other companies (provided such companies are not in competitive markets), scientific research, scholarly wr...iting and publications, and civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performance of his Executive's duties hereunder. 9.2 4.2 Conflicting Interests. Except as permitted by Section 9.3, 4.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him Executive to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 4.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are were known by him Executive to compete directly with the Company, throughout the world, in any line of business engaged in (or then currently planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he Executive may own, as a passive investor, securities of any public competitor corporation, so long as his Executive's direct holdings in any one such corporation shall not in the aggregate constitute more than 1% 2% of the voting stock of such corporation. View More
Outside Activities. 9.1 4.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, CEO, Executive will not not, while employed by the Company Company, undertake or engage in any other employment, occupation or business enterprise, other than ones those in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere ...or conflict with the performance of his duties hereunder. 9.2 4.2 Conflicting Interests. Except as permitted by Section 9.3, 4.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him Executive to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 4.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are were known by him Executive to compete directly with the Company, throughout the world, in any line of business engaged in (or then currently planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he Executive may own, as a passive investor, securities of any public competitor corporation, so long as his Executive's direct holdings in any one such corporation shall not in the aggregate constitute more than 1% 2% of the voting stock of such corporation. View More
Outside Activities. 9.1 Other Employment/Enterprise. Except with the prior written consent of the Company's Board, Executive will not while employed by the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities or serve as a member of a not-for-profit or for-profit board of directors so long as such activities do not materially interfere or conflict with the performa...nce of his duties hereunder. 9.2 Conflicting Interests. Except as permitted by Section 9.3, while employed by the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise. 9.3 Competing Enterprises. While employed by the Company, except on behalf of the Company, Executive will not directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership or other entity whatsoever which are known by him to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that anything above to the contrary notwithstanding, he may own, as a passive investor, securities of any public competitor corporation, so long as his direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the voting stock of such corporation. 3 10. Proprietary Information, Nonsolicitation, Noncompetition And Inventions Assignment Obligations. As a condition of employment, Executive agrees to execute and abide by the Proprietary Information, Nonsolicitation, Noncompetition and Inventions Assignment Agreement attached as Exhibit A to this Agreement. View More