Common use of Attention to Duties; Conflict of Interest Clause in Contracts

Attention to Duties; Conflict of Interest. While employed by the Company, Employee shall devote Employee's full business time, energy and abilities exclusively to the business and interests of Stereotaxis, and shall perform all duties and services in a faithful and diligent manner and to the best of Employee's abilities. Employee shall not, without the Company's prior written consent, render to others, services of any kind for compensation, or engage in any other business activity that would materially interfere with the performance of Employee's duties under this Agreement. Employee represents that Employee has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered to Stereotaxis. While employed by the Company, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder, or otherwise, promote, participate or engage in any activity or other business competitive with the Company's business. Employee shall not invest in any company or business, which competes in any manner with the Company, except those companies whose securities are listed on the national securities exchanges.

Appears in 4 contracts

Samples: Employment Agreement (Stereotaxis, Inc.), Confidentiality and Noncompete Agreement (Stereotaxis, Inc.), Employment Agreement (Stereotaxis, Inc.)

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Attention to Duties; Conflict of Interest. While employed by the Company, the Employee shall devote the Employee's ’s full business time, energy and abilities exclusively to the business and interests of Stereotaxisthe Company, and shall perform all duties and services in a faithful and diligent manner and to the best of the Employee's ’s abilities. The Employee shall not, without the Company's ’s prior written consent, render to others, others services of any kind for compensation, or engage in any other business activity that would materially interfere with the performance of the Employee's ’s duties under this Agreement. The Employee represents that the Employee has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered to Stereotaxisthe Company. While employed by the Company, the Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder, or otherwise, promote, participate or engage in any activity or other business competitive with the Company's ’s business. The Employee shall not invest in any company or business, business which competes in any manner with the Company, except those companies whose securities are listed on reputable securities exchanges in the national securities exchangesUnited States or European Union.

Appears in 2 contracts

Samples: Employment Agreement (Pacira Pharmaceuticals, Inc.), Employment Agreement (Pacira Pharmaceuticals, Inc.)

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Attention to Duties; Conflict of Interest. While employed by the Company, Employee shall devote Employee's ’s full business time, energy and abilities exclusively to the business and interests of Stereotaxis, and shall perform all duties and services in a faithful and diligent manner and to the best of Employee's ’s abilities. Employee shall not, without the Company's ’s prior written consent, render to others, services of any kind for compensation, or engage in any other business activity that would materially interfere with the performance of Employee's ’s duties under this Agreement. Employee represents that Employee has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered to Stereotaxis. While employed by the Company, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder, or otherwise, promote, participate or engage in any activity or other business competitive with the Company's ’s business. Employee shall not invest in any company or business, which competes in any manner with the Company, except those that Employee may invest in companies whose securities are listed on the national securities exchanges, provided such investment amounts to less than one (1) per cent of the outstanding equity of the company.

Appears in 1 contract

Samples: Confidentiality and Noncompete Agreement

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