No Concurrent Posts. The Company shall procure that: (a) no Senior Management Personnel is employed concurrently by any other person provided that any such personnel who is seconded to a Company Group Member by a Party or its Affiliate may concurrently be an employee of such Party or its relevant Affiliate; (b) no Senior Management Personnel is engaged or employed in any business which could be or become directly or indirectly in competition with the Company Group; and (c) the board of each of Company Group Member shall have the authority to dismiss at any time any Senior Management Personnel serving at that Company Group Member in the event it determines that such person has engaged in fraud, corruption, criminal activities or serious breach or neglect of duty.
Appears in 2 contracts
Sources: Shareholder Agreement, Shareholder Agreement (Mecox Lane LTD)