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

This example Responsibility of Dual Directors Officers and/or Employees clause appears in 5 contracts from 4 companies

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