Common use of Exclusive Commitment Clause in Contracts

Exclusive Commitment. Consultant agrees that during the period of his engagement by the Company and for a period of one (1) year after termination or cessation of such engagement for any reason, Consultant shall not, without the Company's prior written consent, which shall not be unreasonably withheld, become involved, as a principal, employee, partner, or holder of more than 5% of the outstanding capital stock of any business enterprise that has committed significant resources to the Field of Interest. In addition, for so long as ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a principal of Polaris Venture Partners III, L.P. ("Polaris") and Polaris is a holder of capital stock of the Company, Consultant shall not, without the prior verbal consent of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, which shall not be unreasonably withheld, perform consulting services in the Field of Interest for or on behalf of any business enterprise.

Appears in 2 contracts

Sources: Consulting Agreement (Momenta Pharmaceuticals Inc), Consulting Agreement (Momenta Pharmaceuticals Inc)