Common use of No Conflict of Interest Clause in Contracts

No Conflict of Interest. During the term of Executive's employment with Company and during any period Executive is receiving payments from Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's prior written consent, during the term of Executive's employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 12 contracts

Samples: Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc)

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No Conflict of Interest. During the term of Executive's employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this AgreementExecutive's employment with Company, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any post-employment period in which Executive is receiving severance payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit not receive the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's prior written consent, during the term of Executive's employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 8 contracts

Samples: Executive Employment Agreement (Peregrine Systems Inc), Executive Employment Agreement (Peregrine Systems Inc), Executive Employment Agreement (Peregrine Systems Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 8 contracts

Samples: Executive Employment Agreement (Henry County Plywood Corp), Executive Employment Agreement (Peregrine Systems Inc), Executive Employment Agreement (Peregrine Systems Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 7 contracts

Samples: Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employeeExecutive, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance paymentswork. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement (Ocz Technology Group Inc), Executive Employment Agreement (Ocz Technology Group Inc), Executive Employment Agreement (Ocz Technology Group Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors Chief Executive Officer in its sole discretion. If the Board of Directors Chief Executive Officer believes such a conflict exists during the term of this Agreement, the Board of Directors Chief Executive Officer may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors Chief Executive Officer believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors Chief Executive Officer may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this AgreementExecutive’s employment, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Kratos Defense & Security Solutions, Inc.), Executive Employment Agreement (Wireless Facilities Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.. DOCSOC/1250924v1/010036-0000

Appears in 2 contracts

Samples: Executive Employment Agreement (Auxilio Inc), Executive Employment Agreement (Auxilio Inc)

No Conflict of Interest. During the term of Executive's employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's prior written consent, during the term of Executive's employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Peregrine Systems Inc), Executive Employment Agreement (Sino Green Land Corp)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance paymentswork. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 2 contracts

Samples: Separation Agreement and Release (Ocz Technology Group Inc), Executive Employment Agreement (Ocz Technology Group Inc)

No Conflict of Interest. During the term of Executive's employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this AgreementExecutive's employment, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's prior written consent, during the term of Executive's employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Kratos Defense & Security Solutions, Inc.)

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No Conflict of Interest. During the term of Executive's ’s employment with the Company and during any period the Executive is receiving payments from the Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with the Company. Such work shall include, but is not limited to, directly or indirectly competing with the Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, with the business in which the Company is now engaged or in which the Company becomes engaged during the term of Executive's ’s employment with the Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask the Executive to choose to discontinue the other work or resign employment with from the Company. If the Board of Directors believes such a conflict exists during any period in which the Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance company payments. In addition, the Executive agrees not to refer any client or potential client of the Company to competitors of the Company, without first obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from the Company pursuant to this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Daegis Inc.)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Peregrine Systems Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from CompanyCompany pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, . Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Peregrine Systems Inc)

No Conflict of Interest. During the term of Executive's Employee’s employment with the Company and during any period Executive is receiving payments from Companythe Severance Period, Executive Employee must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's Employee’s employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive Employee to choose to discontinue the other work or resign employment with Company. If the Board of Directors believes such a conflict exists during any period in which Executive Employee is receiving payments pursuant to this Agreement, the Board of Directors may ask Executive Employee to choose to discontinue the other work or forfeit the remaining severance paymentswork. In addition, Executive Employee agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's Employee’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreementthe Severance Period.

Appears in 1 contract

Samples: Employment Agreement (Ocz Technology Group Inc)

No Conflict of Interest. During the term of ExecutiveEmployee's employment with Company and during any period Executive employee is receiving payments payment from the Company, Executive . Employee must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of ExecutiveEmployee's employment with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive Employee to choose to discontinue the other work or resign employment with Company. If the Board of Directors reasonably believes such a conflict exists during any period in which Executive Employee is receiving payments pursuant to this Agreementfrom the Company, the Board of Directors may ask Executive Employee to choose to discontinue the other such work or forfeit the remaining severance payments. In addition, Executive Employee agrees not to refer any client or potential client of the Company to competitors of Company, without obtaining Company's prior written consent, during the term of Executivethe Employee's employment and during any period in which Executive Employee is receiving payments from the Company pursuant to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Zones Inc)

No Conflict of Interest. During the term of Executive's ’s employment with Company and during any period Executive is receiving payments from Company, Executive must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive's ’s employment with Company, as may be determined by the Board of Directors Company’s Chief Executive Officer in its sole discretion. If the Board of Directors Company’s Chief Executive Officer believes such a conflict exists during the term of this Agreement, the Board of Directors Company’s Chief Executive Officer may ask Executive to choose to discontinue the other work or resign employment with Company. If the Board of Directors Company’s Chief Executive Officer believes such a conflict exists during any period in which Executive is receiving payments pursuant to this Agreement, the Board of Directors Company’s Chief Executive Officer may ask Executive to choose to discontinue the other work or forfeit the remaining severance payments. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's ’s prior written consent, during the term of Executive's ’s employment and during any period in which Executive is receiving payments from Company pursuant to this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Auxilio Inc)

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