Common use of Duties and Authority of Executive Clause in Contracts

Duties and Authority of Executive. (a) Executive shall devote her full business time, attention and energies to performance of her duties hereunder as reasonably directed by the Board, and further agrees at all such times to act in a manner consistent with Company interests, and to perform such duties ably, faithfully and diligently. Executive shall be permitted to engage in family, civic, charitable and other non-commercially oriented activities but shall not engage in any outside work during business hours and/or commercially oriented activities which will materially affect, impede, prohibit, or restrict her abilities to perform her obligations under this Agreement. Executive shall provide written notice to the Board prior to engaging in any material outside work or commercially oriented activity, and permission to engage in any such work or activity shall be granted solely in the discretion of the Board. Executive shall have the ability to engage in activities which are primarily personal investment activities and are not related to the business of the Company, provided, further, no such activity shall interfere, in any material respect, with Executive’s obligations under this Agreement. Notwithstanding the foregoing, and except to the extent the restrictions contained in Section 9 may apply, nothing in this Agreement shall prohibit Executive from: (i) participating in charitable and professional organizations in an unpaid capacity; or (ii) serving as a non-executive director of one or more other corporations so long as such activities are disclosed to the Board; in each case, in a manner, and to an extent, that will not materially interfere with her duties to the Company.

Appears in 1 contract

Samples: Agreement of Employment (Ocera Therapeutics, Inc.)

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Duties and Authority of Executive. (a) Executive shall devote her his full business time, attention and energies to performance of her his duties hereunder as reasonably directed by the BoardCompany’s Chief Executive Officer, and further agrees at all such times to act in a manner consistent with Company interests, and to perform such duties ably, faithfully and diligently. Executive shall be permitted to engage in family, civic, charitable and other non-commercially oriented activities but shall not engage in any outside work during business hours and/or commercially oriented activities which will materially affect, impede, prohibit, or restrict her his abilities to perform her his obligations under this Agreement. Executive shall provide written notice to the Board Company’s Chief Executive Officer prior to engaging in any material outside work or commercially oriented activity, and permission to engage in any such work or activity shall be granted solely in the discretion of the BoardChief Executive Officer. Executive shall have the ability to engage in activities which are primarily personal investment activities and are not related to the business of the Company, provided, further, no such activity shall interfere, in any material respect, with Executive’s obligations under this Agreement. Notwithstanding the foregoing, and except to the extent the restrictions contained in Section 9 may apply, nothing in this Agreement shall prohibit Executive from: (i) participating in charitable and professional organizations in an unpaid capacity; or (ii) serving as a non-executive director of one or more other corporations so long as such activities are disclosed to the BoardChief Executive Officer; in each case, in a manner, and to an extent, that will not materially interfere with her his duties to the Company.

Appears in 1 contract

Samples: Agreement of Employment (Ocera Therapeutics, Inc.)

Duties and Authority of Executive. (a) Executive shall devote her his full business time, attention and energies to performance of her his duties hereunder as reasonably directed by the BoardCompany’s Chief Executive Officer, and further agrees at all such times to act in a manner consistent with Company interests, and to perform such duties ably, faithfully and diligently. Executive shall be permitted to engage in family, civic, charitable and other non-commercially oriented activities but shall not engage in any outside work during business hours and/or commercially oriented activities which will materially affect, impede, prohibit, or restrict her his abilities to perform her his obligations under this Agreement. Executive shall provide written notice to the Board Company’s Chief Executive Officer prior to engaging in any material outside work or commercially oriented activity, and permission to engage in any such work or activity shall be granted solely in the discretion of the BoardChief Executive Officer. Executive shall have the ability to engage in activities which are primarily personal ACTIVE/84668825.3 investment activities and are not related to the business of the Company, provided, further, no such activity shall interfere, in any material respect, with Executive’s obligations under this Agreement. Notwithstanding the foregoing, and except to the extent the restrictions contained in Section 9 may apply, nothing in this Agreement shall prohibit Executive from: (i) participating in charitable and professional organizations in an unpaid capacity; or (ii) serving as a non-executive director of one or more other corporations so long as such activities are disclosed to the BoardChief Executive Officer; in each case, in a manner, and to an extent, that will not materially interfere with her his duties to the Company.

Appears in 1 contract

Samples: Agreement of Employment (Ocera Therapeutics, Inc.)

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Duties and Authority of Executive. (a) Executive shall devote her his full business time, attention and energies to performance of her his duties hereunder as reasonably directed by the BoardCompany’s Chief Executive Officer, and further agrees at all such times to act in a manner consistent with Company interests, and to perform such duties ably, faithfully and diligently. Executive shall be permitted to engage in family, civic, charitable and other non-commercially oriented activities but shall not engage in any outside work during business hours and/or commercially oriented activities which will materially affect, impede, prohibit, or restrict her his abilities to perform her his obligations under this Agreement. Executive shall provide written notice to the Board Company’s Chief Executive Officer prior to engaging in any material outside work or commercially oriented activity, and permission to engage in any such work or activity shall be granted solely in the discretion of the BoardChief Executive Officer. Executive shall have the ability to engage in activities which are primarily personal investment activities and are not related to the business of the Company, provided, further, no such activity shall interfere, in any material respect, with Executive’s obligations under this Agreement. ACTIVE/84691149.2 Notwithstanding the foregoing, and except to the extent the restrictions contained in Section 9 may apply, nothing in this Agreement shall prohibit Executive from: (i) participating in charitable and professional organizations in an unpaid capacity; or (ii) serving as a non-executive director of one or more other corporations so long as such activities are disclosed to the BoardChief Executive Officer; in each case, in a manner, and to an extent, that will not materially interfere with her his duties to the Company.

Appears in 1 contract

Samples: Agreement of Employment (Ocera Therapeutics, Inc.)

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