Common use of Outside Activities During Employment Clause in Contracts

Outside Activities During Employment. Except with the prior written consent of the Company, which shall not be unreasonably withheld, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive’s responsibilities and the performance of Executive’s duties hereunder, except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive’s duties, (iii) reasonable time devoted to service on the board of directors of up to two (2) companies that are not competitive with the Company, and (iv) such other activities as may be specifically approved by the Company. This restriction shall not, however, preclude Executive from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 5 contracts

Samples: Severance Agreement and General Release (Liquidia Technologies Inc), Executive Employment Agreement (Liquidia Technologies Inc), Executive Employment Agreement (Liquidia Technologies Inc)

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Outside Activities During Employment. Except with the prior written consent of the Company, which consent shall not unreasonably be unreasonably withheld, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with ExecutiveEmployee’s responsibilities and the performance of ExecutiveEmployee’s duties hereunder, except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive Employee may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with ExecutiveEmployee’s duties, (iii) reasonable time devoted to service on the board of directors of up to two (2) companies that are not competitive with the Company, and (iv) such other activities as may be specifically approved by the Company. This restriction shall not, however, preclude Executive Employee (i) from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or (ii) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 3 contracts

Samples: Employment Agreement (Renalytix PLC), Employment Agreement (Renalytix PLC), Employment Agreement (Renalytix PLC)

Outside Activities During Employment. Except with the prior written consent of the CompanyCEO, which shall not be unreasonably withheldincluding consent given to Employee prior to the signing of this Agreement, Executive Employee will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with ExecutiveEmployee’s responsibilities and the performance of ExecutiveEmployee’s duties hereunder, hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive Employee may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with ExecutiveEmployee’s duties, ; and (iii) reasonable time devoted to service on the board of directors of up to two (2) companies that are not competitive with the Company, and (iv) such other activities as may be specifically approved by the CompanyBoard. This restriction shall not, however, preclude Executive Employee (x) from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Senseonics Holdings, Inc.), Employment Agreement (Senseonics Holdings, Inc.)

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Outside Activities During Employment. Except with the prior written consent of the CompanyCEO, which shall not be unreasonably withheldincluding consent given to Executive prior to the signing of this Agreement, and subject to the exception in Section 1.2 for Executive’s current academic and clinical posts, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive’s responsibilities and the performance of Executive’s duties hereunder, hereunder except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive’s duties, ; and (iii) reasonable time devoted to service on the board of directors of up to two (2) companies that are not competitive with the Company, and (iv) such other activities as may be specifically approved by the CompanyBoard. This restriction shall not, however, preclude Executive (x) from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or (y) from employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

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