Noncompetition and Nonsolicitation of Employees. 7.1. DURING THE TERM OF THIS AGREEMENT, ADVISOR WILL NOT, WITHOUT THE PRIOR CONSENT OF THE COMPANY’S BOARD OF DIRECTORS, ENGAGE IN ANY COMMERCIAL BUSINESS ACTIVITY THAT COMPETES IN ANY WAY WITH ANY BUSINESS THEN BEING CONDUCTED BY THE COMPANY IN THE FIELD, EXCEPT THAT ADVISOR MAY CONTINUE THE AFFILIATIONS SET FORTH IN EXHIBIT A. In addition, but without limiting the generality of the foregoing, Advisor covenants and agrees during the term of this Agreement and for one year thereafter not to enter into any consulting relationship in the Field with any third party commercial entity. The foregoing shall not prevent Advisor from engaging in his work at the Institute or conducting any academic research, teaching or related non-commercial activity or any non-related commercial activity.
Appears in 5 contracts
Samples: Advisory Board Agreement (American Boarding Co), Advisory Board Agreement (American Boarding Co), Advisory Board Agreement (Microlin Bio, Inc.)
Noncompetition and Nonsolicitation of Employees. 7.1. DURING THE TERM OF THIS AGREEMENT, ADVISOR WILL NOT, WITHOUT THE PRIOR CONSENT OF THE COMPANY’S BOARD OF DIRECTORS, ENGAGE IN ANY COMMERCIAL BUSINESS ACTIVITY THAT COMPETES IN ANY WAY WITH ANY BUSINESS THEN BEING CONDUCTED BY THE COMPANY IN THE FIELD, EXCEPT THAT ADVISOR MAY CONTINUE THE AFFILIATIONS SET FORTH IN EXHIBIT A. In addition, but without limiting the generality of the foregoing, Advisor covenants and agrees during the term of this Agreement and for one (1) year thereafter not to enter into any consulting relationship in the Field with any third party commercial entity. The foregoing shall not prevent Advisor from engaging in his work at the Institute or conducting any academic research, teaching or related non-commercial activity or any non-related commercial activity.
Appears in 2 contracts
Samples: Advisory Board Agreement (American Boarding Co), Advisory Board Agreement (Microlin Bio, Inc.)
