Common use of EMPLOYEE’S UNDERTAKINGS Clause in Contracts

EMPLOYEE’S UNDERTAKINGS. The Employee hereby undertakes: 3.1. To perform the duties and assignments imposed upon him in the scope of his employment with the Company with devotion, honesty and fidelity, subject to the Company's policy in existence from time to time, and subject to the provisions and instructions given to him from time to time by the Officer In Charge, and to dedicate to the performance of the said duties all his know-how, qualifications and experience and all the time, diligence and attention required for the performance thereof efficiently, with fidelity and in accordance with the requirements of this Agreement, and to use his best endeavors in order to advance the affairs and business of the Company and the realization of its objectives. 3.2. Not to engage, during the Term of the Agreement (as defined in Section 10.1 below), in any engagement not within the scope of his employment with the Company pursuant to this Agreement, other than with the Officer in Charge's prior written consent, provided however, that such consent shall not be required for voluntary, cultural, sportive or lecturing activities or for holding of securities of any company other than companies which are in competition with the Company and in which the Employee holds more than 1%.