Common use of Outside Activities Clause in Contracts

Outside Activities. Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 15 contracts

Samples: Employment Agreement (Atlantic Liberty Financial Corp), Employment Agreement (New Investors Bancorp, Inc.), Employment Agreement (Investors Bancorp Inc)

AutoNDA by SimpleDocs

Outside Activities. Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyBank, and the Company Bank shall reimburse Executive his reasonable expenses associated therewith.

Appears in 12 contracts

Samples: Employment Agreement (Brooklyn Federal Bancorp, Inc.), Employment Agreement (Brooklyn Federal Bancorp, Inc.), Employment Agreement (United Financial Bancorp, Inc.)

Outside Activities. Executive may serve as an executive, an employee or a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 8 contracts

Samples: Employment Agreement (Cryo Cell International Inc), Employment Agreement (Cryo Cell International Inc), Employment Agreement (Cryo Cell International Inc)

Outside Activities. The Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyAssociation, and the Company Association shall reimburse the Executive his reasonable expenses associated therewith.

Appears in 7 contracts

Samples: Employment Agreement (OC Financial Inc), Employment Agreement (OC Financial Inc), Employment Agreement (OC Financial Inc)

Outside Activities. Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the BoardPresident and Chief Executive Officer, provided that in each case such service shall not materially interfere with the performance of his his/her duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyBank, and the Company Bank shall reimburse Executive his his/her reasonable expenses associated therewith.

Appears in 6 contracts

Samples: Employment Agreement (Kaiser Federal Financial Group, Inc.), Employment Agreement (Kaiser Federal Financial Group, Inc.), Employment Agreement (Kaiser Federal Financial Group, Inc.)

Outside Activities. Executive may serve as a member of the board of directors (or a committee thereof) of business, civic, corporate, community and charitable organizations subject to the approval of Executive giving notice thereof to the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 5 contracts

Samples: Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.)

Outside Activities. Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 5 contracts

Samples: Employment Agreement (Magyar Bancorp, Inc.), Employment Agreement (Magyar Bancorp, Inc.), Employment Agreement (Magyar Bancorp, Inc.)

Outside Activities. Executive may serve as a member of the board of directors (or a committee thereof) of business, civic, corporate, community and charitable organizations subject to the approval of Executive giving notice thereof to the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyBank, and the Company Bank shall reimburse Executive his reasonable expenses associated therewith.

Appears in 5 contracts

Samples: Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.), Employment Agreement (ES Bancshares, Inc.)

Outside Activities. The Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations organization shall be presumed for these purposes to be for the benefit of the CompanyAssociation, and the Company Association shall reimburse the Executive his reasonable expenses associated therewith.

Appears in 4 contracts

Samples: Executive Employment Agreement (First Federal Financial Services Inc), Executive Employment Agreement (First Federal Financial Services Inc), Executive Employment Agreement (First Federal Financial Services Inc)

Outside Activities. Executive may serve as a member of the board of directors of business, community and charitable organizations organizations, subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 3 contracts

Samples: Employment Agreement (Fidelity Bankshares Inc), Employment Agreement (Fidelity Bankshares Inc), Employment Agreement (Fidelity Bankshares Inc)

Outside Activities. Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his her duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyBank, and the Company Bank shall reimburse Executive his her reasonable expenses associated therewith.

Appears in 3 contracts

Samples: Employment Agreement (Brooklyn Federal Bancorp, Inc.), Employment Agreement (Kaiser Federal Financial Group, Inc.), Employment Agreement (Kaiser Federal Financial Group, Inc.)

Outside Activities. The Executive may only serve as a member of the board of directors of business, community and charitable organizations subject to with the express approval of the Board, CEO provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 2 contracts

Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)

Outside Activities. The Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse the Executive his reasonable expenses associated therewith.

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Liberty Financial Corp), Employment Agreement (Atlantic Liberty Financial Corp)

Outside Activities. The Executive may serve as a member of the board of directors of business, community and charitable organizations subject to with the express prior written approval of the Company Board, provided that such approval conditioned on a requirement in each case that such service service, and that the totality of such activities, shall not materially interfere with the performance of his Executive’s duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 2 contracts

Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)

Outside Activities. The Executive may only serve as a member of the board of directors of business, community and charitable organizations subject to with the express approval of the Board, Board provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 2 contracts

Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)

Outside Activities. The Executive may only serve as a member of the board of directors of business, community Community and charitable organizations subject to with the express approval of the Board, CEO provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 1 contract

Samples: Employment Agreement (Capital Bancorp Inc)

AutoNDA by SimpleDocs

Outside Activities. Executive may serve as a member of the board boards of directors of such business, community and charitable organizations subject as he may disclose to and as may be approved by the Board (which approval of the Boardshall not be unreasonably withheld); provided, provided however, that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interestAgreement. Such service to The Executive may also engage in personal business and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.investment activities which do not materially

Appears in 1 contract

Samples: Employment Agreement (RFS Bancorp Inc)

Outside Activities. The Executive may only serve as a member of the board of directors of business, community and charitable organizations subject to with the express approval of the Board, CEO provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.

Appears in 1 contract

Samples: Employment Agreement (Capital Bancorp Inc)

Outside Activities. Executive may serve as a member of the board boards of directors of such business, community and charitable organizations subject as he may disclose to and as may be approved by the Board (which approval of the Boardshall not be unreasonably withheld); provided, provided however, that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interestAgreement. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.The

Appears in 1 contract

Samples: Employment Agreement (RFS Bancorp Inc)

Outside Activities. Executive may serve as a member of the board boards of directors of such business, community and charitable organizations subject as she may disclose to and as may be approved by the Board (which approval of the Boardshall not be unreasonably withheld); provided, provided however, that in each case such service shall not materially interfere with the performance of his her duties under this Agreement or present any conflict of interestAgreement. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.The

Appears in 1 contract

Samples: Employment Agreement (RFS Bancorp Inc)

Outside Activities. The Executive may during the term of this Agreement serve as a member of the board of directors of business, community community, and charitable organizations organizations, subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyAssociation, and the Company Association shall reimburse the Executive his reasonable expenses associated therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (First Federal Financial Services Inc)

Outside Activities. The Executive may only serve as a member of the board of directors of business, community and charitable organizations subject to with the express approval of the Board, CEO provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith5.

Appears in 1 contract

Samples: Employment Agreement (Capital Bancorp Inc)

Outside Activities. The Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his her duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations organization shall be presumed for these purposes to be for the benefit of the CompanyAssociation, and the Company Association shall reimburse the Executive his her reasonable expenses associated therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (First Federal Financial Services Inc)

Outside Activities. The Executive may serve as a member of the board of directors of business, community and charitable organizations subject to the approval of the Board, provided that in each case such service shall not materially interfere with the performance of his her duties under this Agreement or present any conflict of interest. Such service to and participation in outside organizations shall be presumed for these purposes to be for the benefit of the CompanyAssociation, and the Company Association shall reimburse the Executive his her reasonable expenses associated therewith.

Appears in 1 contract

Samples: Employment Agreement (OC Financial Inc)

Outside Activities. Executive may serve as a member of the board boards of directors of such business, community and charitable organizations subject as Executive may disclose to and as may be approved by the Board (which approval of the Boardshall not be unreasonably withheld); provided, provided however, that in each case such service shall not materially interfere with the performance of his duties under this Agreement or present any conflict of interestAgreement. Such service to Executive may also engage in personal business and participation in outside organizations shall be presumed for these purposes to be for the benefit of the Company, and the Company shall reimburse Executive his reasonable expenses associated therewith.investment activities which do not materially

Appears in 1 contract

Samples: Employment Agreement (Carver Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.