6Full-time commitment Clause Samples

6Full-time commitment. The Founder shall, and the Undertaking Parties shall use his/their best endeavors to procure that all the existing and future Key Employees and senior officers of the Group Companies, before December 31, 2025, sign a labor contract with the Group Companies and actually work in the Group Companies, commit all their working hours and energy to the operation of the Group Companies, and make their best efforts to facilitate the development and serve the interests of the Group Companies. ​ Before December 31, 2025, without the prior written consent of the Buyers: (i) the Founder shall not take a part-time job or assume a position in any other entity (whether it is a Competitor (as defined below) or not); (ii) the Founder shall not hold any equity interests, shares or other similar interests in any entity other than the Group Companies, except for the shares of listed companies acquired by him through the secondary market for the purpose of financial investment only (provided that such listed companies shall have no competitive relationship with the Principal Business of the Group Companies, the Buyers and/or their respective Affiliates); otherwise the Buyers shall have the right to require the Founder to transfer the relevant equity interests, shares or interests directly or indirectly held by it to the Group Companies for free, and have the Founder resign from the relevant part-time job or position. ​ 6.1. 7Non-compete commitment. The Founder shall not, and the Undertaking Parties shall use their best endeavors to procure that all the existing and future Key Employees and senior officers of the Group Companies not, for so long as they remain an employee and/or hold any shares of the Group Companies and within twenty (24) months after they leave the Group Companies or no longer directly or indirectly hold any shares of the Group Companies (whichever is later), without the prior written permission of the Buyers, directly or indirectly engage in any business of the same category with, similar to or in competition with the Principal Business of the Group Companies and/or insurance and/or insurance intermediary business (the “Competitive Business”), or directly or indirectly hold any interests in any entity engaged in the Competitive Business or do any act that is detrimental to the interests of the Group Companies, the Buyers or their Affiliates, including but not limited to: ​ (1) being employed by or working for any entity engaged in or proposing to engage in an...