Common use of Full Time and Attention Clause in Contracts

Full Time and Attention. During the Employment Term, Executive shall devote his or her full time and attention to the business of the Company and will not, without the prior written consent of the Chief Executive Officer of the Company, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activities are pursued for gain, profit or other pecuniary advantage. Notwithstanding the foregoing, Executive shall not be prevented from (a) engaging in any civic or charitable activity for which Executive receives no compensation or other pecuniary advantage, (b) investing his or her personal assets in businesses which do not compete with the Company, provided that such investments will not require any services on the part of Executive in the operation of the affairs of the businesses and that Executive’s participation is solely that of an investor, or (c) purchasing securities in any corporation whose securities are regularly traded, provided that such purchases will not result in Executive owning beneficially at any time 5% or more of the equity securities of any corporation engaged in a business competitive with that of the Company.

Appears in 10 contracts

Samples: Employment Agreement, Executive Employment Agreement (Cleco Corp), Executive Employment Agreement (Cleco Corp)

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Full Time and Attention. During the Employment TermTerm (as defined below), Executive shall devote his or her full time time, attention and attention energies to the business of the Company and will not, without the prior written consent of the Chief Executive Officer of the CompanyOfficer, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activities are pursued for gain, profit or other pecuniary advantage. Notwithstanding the foregoing, Executive shall not be prevented from from: (a) engaging in any civic or charitable activity for which Executive receives no compensation or other pecuniary advantage, ; (b) investing his or her personal assets in businesses which do not compete with the Company, provided that such investments will not require any services on the part of Executive in the operation of the affairs of the businesses and that Executive’s participation investment is solely that of an investor, ; or (c) purchasing securities in any corporation whose securities are regularly tradedtraded on an established market, provided that such purchases will not result in Executive owning beneficially at any time 52% or more of the equity securities of any corporation engaged in a business competitive with that of the Company.

Appears in 5 contracts

Samples: Executive Employment Agreement (Renasant Corp), Executive Employment Agreement (Renasant Corp), Executive Employment Agreement (Renasant Corp)

Full Time and Attention. During the Employment Termterm of this Agreement and any extensions or renewals thereof, Executive shall devote his or her full time time, attention and attention energies to the business of the Company and will not, without the prior written consent of the Chief Executive Officer of the Company, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activities are pursued for gain, profit or other pecuniary advantage. Notwithstanding the foregoing, Executive shall not be prevented from (a) engaging in any civic or charitable activity for which Executive receives no compensation or other pecuniary advantage, (b) investing his or her personal assets in businesses which do not compete with the Company, provided that such investments investment will not require any services on the part of Executive in the operation of the affairs of the businesses in which investments are made and provided further that Executive’s participation in such businesses is solely that of an investor, or (c) purchasing securities in any corporation whose securities are regularly traded, provided that such purchases will not result in Executive owning beneficially at any time 5% or more of the equity securities of any corporation engaged in a business competitive with that of the Company.

Appears in 4 contracts

Samples: Executive Employment Agreement (Cleco Power LLC), Executive Employment Agreement (Cleco Power LLC), Executive Employment Agreement (Cleco Power LLC)

Full Time and Attention. During the Employment Termterm of this Agreement and any extensions or renewals thereof, Executive shall devote his or her full time time, attention and attention energies to the business of the Company and will not, without the prior written consent of the Chief Executive Officer of the Company, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activities are pursued for gain, profit or other pecuniary advantage. Notwithstanding the foregoing, Executive shall not be prevented from (a) engaging in any civic or charitable activity for which Executive receives no compensation or other pecuniary advantage, (b) investing his or her personal assets in businesses which do not compete with the Company, provided that such investments investment will not require any services on the part of Executive in the operation of the affairs of the businesses in which investments are made and provided further that Executive’s 's participation in such businesses is solely that of an investor, or (c) purchasing securities in any corporation whose securities are regularly traded, provided that such purchases will not result in Executive owning beneficially at any time 5% or more of the equity securities of any corporation engaged in a business competitive with that of the Company.

Appears in 3 contracts

Samples: Executive Employment Agreement (Cleco Power LLC), Employment Agreement (Cleco Power LLC), Executive Employment Agreement (Cleco Corp)

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Full Time and Attention. During the Employment Termterm of this Agreement and any extensions or renewals thereof, Executive shall devote his or her full time time, attention and attention energies to the business of the Company and will not, without the prior written consent of the Chief Executive Officer of the CompanyOfficer, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activities are pursued for gain, profit or other pecuniary advantage. Notwithstanding the foregoing, Executive shall not be prevented from (a) engaging in any civic or charitable activity for which Executive receives no compensation or other pecuniary advantage, (b) investing his or her personal assets in businesses which do not compete with the Company, provided that such investments investment will not require any services on the part of Executive in the operation of the affairs of the businesses in which investments are made and provided that Executive’s 's participation in such businesses is solely that of an investor, or (c) purchasing securities in any corporation whose securities are regularly traded, provided that such purchases will not result in Executive owning beneficially at any time 5% or more of the equity securities of any corporation engaged in a business competitive with that of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (NBC Capital Corp), Employment Agreement (NBC Capital Corp)

Full Time and Attention. During the Employment Termterm of this Agreement and any extensions or renewals thereof, Executive shall devote his or her full time time, attention and attention energies to the business of the Company and will not, without the prior written consent of the Chief Executive Officer Board of the CompanyDirectors, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activities are pursued for gain, profit or other pecuniary advantage. Notwithstanding the foregoing, Executive shall not be prevented from (a) engaging in any civic or charitable activity for which Executive receives no compensation or other pecuniary advantage, (b) investing his or her personal assets in businesses which do not compete with the Company, provided that such investments investment will not require any services on the part of Executive in the operation of the affairs of the businesses in which investments are made and provided that Executive’s 's participation in such businesses is solely that of an investor, or (c) purchasing securities in any corporation whose securities are regularly traded, provided that such purchases will not result in Executive owning beneficially at any time 5% or more of the equity securities of any corporation engaged in a business competitive with that of the Company.

Appears in 1 contract

Samples: Employment Agreement (NBC Capital Corp)

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