Common use of Covenant Regarding Corporate Opportunities Clause in Contracts

Covenant Regarding Corporate Opportunities. During the Restricted Period, Executive shall promptly refer to the Company any information or inquiry Executive receives or is aware of concerning any opportunity involving or relating to Company business anywhere in the Restricted Area, and shall not refer such inquiry or information to any other person or entity. In the event that the Company is not interested in pursuing such an opportunity, Executive shall be free to pursue such opportunities directly or advise others about such opportunities, provided Executive advises the Chief Executive Officer (or the Board, in the case of the Chief Executive Officer) of Executive’s intention to do so.