Common use of Employment Exclusive Clause in Contracts

Employment Exclusive. During the Employment Period, Executive (i) shall devote all his working time, attention, skill and efforts to the business and affairs of Electro Rent, (ii) shall use his best efforts to promote the success of Electro Rent's business; (ii) shall observe and comply with all reasonable rules, regulations, policies and practices promulgated to its employees (including Executive) by Electro Rent, (iv) shall not enter the employ of or serve as a consultant to, or in any way perform any services with or without compensation for, any other person, enterprise, business, company, corporation, partnership, firm, association without the prior written consent of Electro Rent, and (v) except as permitted under Electro Rent's policies for senior officers as in force from time to time, shall not own any interest in any entity or individual that (a) competes with Electro Rent in Electro Rent's business as it is then conducted or (b) is a material supplier or vendor to Electro Rent.

Appears in 3 contracts

Samples: Employment Agreement (Electro Rent Corp), Employment Agreement (Electro Rent Corp), Employment Agreement (Electro Rent Corp)

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Employment Exclusive. During the Employment Period, Executive (i) shall devote all his working time, attention, skill and efforts to the business and affairs of Electro Rent, (ii) shall use his best efforts to promote the success of Electro Rent's ’s business; (iiiii) shall observe and comply with all reasonable rules, regulations, policies and practices promulgated to its employees (including Executive) by Electro Rent, (iv) shall not enter the employ of or serve as a consultant to, or in any way perform any services with or without compensation for, any other person, enterprise, business, company, corporation, partnership, firm, association without the prior written consent of Electro Rent, and (v) except as permitted under Electro Rent's ’s policies for senior officers as in force from time to time, shall not own any interest in any entity or individual that (a) competes with Electro Rent in Electro Rent's ’s business as it is then conducted or (b) is a material supplier or vendor to Electro Rent.

Appears in 1 contract

Samples: Retention Agreement (Electro Rent Corp)

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