Responsibility of Dual Directors Officers and/or Employees Clause Example from Business Contracts

Responsibility of Dual Directors Officers and/or Employees. If any person who is a member, manager, partner, officer or employee of the Adviser or the Administrator is or becomes a director, officer and/or employee of the Corporation and acts as such in any business of the Corporation, then such member, manager, partner, officer and/or employee of the Adviser or the Administrator shall be deemed to be acting in such capacity solely for the Corporation, and not as a member, manager, partner, officer or employee of the Adviser or the Administrator or under... the control or direction of the Adviser or the Administrator, even if paid by the Adviser or the Administrator. View More