Common use of Duty of Loyalty Clause in Contracts

Duty of Loyalty. Executive acknowledges the common law duties of reasonable care, loyalty, and honesty which arise out of the principal/agent relationship of the parties. While employed and thereafter for whatever term the law may impose, Executive shall not engage in any activity to the detriment of the Company. By way of illustration and not as a limitation, Executive shall not discuss with any customer or potential customer of the Company any plans by Executive or any other Executives of the Company to leave the employment of the Company and compete with the Company.

Duty of Loyalty. Executive acknowledges agrees that while Executive is employed by the common law duties Company, (i) Executive will have an undivided duty of reasonable care, loyalty, loyalty and honesty which arise out fair dealing to the Company and will work for the best interests of the principal/agent relationship Company and not take over any of the parties. While employed and thereafter Company’s business opportunities or prospective business opportunities for whatever term the law may impose, Executive shall not engage in any activity Executive’s personal gain and/or to the detriment of the Company. By way of illustration and , (ii) Executive will not as a limitation, Executive shall not discuss with any customer or potential customer of the Company any plans by Executive or engage in any other Executives of employment or business activity without the Company prior written permission from executive management, and (iii) Executive will not engage in any other activities that conflict with Executive’s obligations to leave the employment of the Company and compete with the Company.