Common use of Other Activity Clause in Contracts

Other Activity. Except upon the prior written consent of Employer, Executive (during the Period of Employment) shall not (i) accept any other employment; or (ii) engage, directly or indirectly, in any other business, commercial, or professional activity (whether or not pursued for pecuniary advantage) that is competitive with Employer, creates a conflict of interest with Employer, or otherwise interferes with the business of Employer or any Affiliate (and shall immediately cease any such ongoing activity that becomes so competitive, begins to create such a conflict or begins to interfere with the business of Employer or any Affiliate). An "Affiliate" shall mean any person or entity that directly or indirectly controls, is controlled by, or is under common control with Employer (but, for the avoidance of doubt, the term "Affiliate" as used herein shall specifically exclude any so-called "portfolio companies" of Summit Partners, L.P. other than Holdings and its direct and indirect subsidiaries (including, without limitation, Employer)).

Appears in 5 contracts

Samples: Employment Agreement (Seabright Insurance Holdings Inc), Employment Agreement (Seabright Insurance Holdings Inc), Employment Agreement (Seabright Insurance Holdings Inc)

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