Principal Employment Sample Clauses

Principal Employment. 1.4.1 Executive agrees that his position as CEO of the Company shall be his principal employment and that he will not subordinate that position to any other employment.
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Principal Employment. 1.4.1 Executive agrees that his position as CFO of the Company shall be his principal employment and that he will not subordinate that position to any other employment.
Sample 1
Principal Employment. 1.4.1 Executive agrees that, during her employment with the Company, she will not engage in any matter whatsoever in a business or other endeavor that would or might create a conflict of interest with Executive’s obligations or duties under this Agreement, or that is competitive with or similar in nature to the business of the Company. Nonetheless, Executive shall have the right to own up to 3% of the outstanding shares of a publicly held company if such shares are actively traded on a national stock exchange and she is not involved in the management of such company. Specifically excluded from the restrictions set forth in this Section, and other provisions of this Agreement, is Executive’s ability (as expressly permitted by the Company hereby) to serve on the board of directors of certain entities and organizations in accordance with Section 1.3.1 of this Agreement.
Sample 1
Principal Employment. SMC hereby agrees to continue to employ the Executive on a full-time basis as Vice-Chairman of Savers Life Insurance Company ("Savers"), a wholly-owned subsidiary of SMC, at its corporate facilities in Winston-Salem, North Carolina, as directed by SMC's Board of Directors. The Executive hereby agrees to accept such employment and shall diligently perform such duties as may be assigned to him by the Board of Directors. The Executive will diligently devote his entire business skill, time and effort to his employment with SMC and will not directly or indirectly, alone or as a member of a partnership, or as an officer, director, employee or agent of any other person, firm or business organization, engage in any other business activities or pursuits requiring his personal services which might conflict with his duties hereunder. The foregoing shall not be construed as preventing the Executive from making investments in other businesses or enterprises which are not competitive with SMC or Savers, provided such investments do not require the provision of other than incidental services by the Executive to the operation of such businesses or enterprises and provided that the provision thereof will not interfere with the performance of the Executive's duties hereunder.
Sample 1

Related to Principal Employment

  • Re-Employment If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Plan.

  • Other Employment Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under this section 3, and the obtaining of any such other employment shall in no event result in any reduction of Company’s obligations to make the payments and arrangements required to be made under this section 3, except to the extent otherwise specifically provided in this Agreement.

  • Grantee Employment Nothing contained in this Agreement, and no action of the Company or the Committee with respect hereto, shall confer or be construed to confer on the Grantee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any employing Subsidiary to terminate the Grantee's employment at any time, with or without cause; subject, however, to the provisions of any employment agreement between the Grantee and the Company or any Subsidiary.

  • Subsequent Employment You agree that, while employed by NCR and for 1 year thereafter, you will communicate the contents of this Agreement to any person, firm, association, partnership, corporation or other entity which you intend to become employed by, contract for, associated with or represent, prior to accepting and engaging in such employment, contract, association and/or representation.

  • At-Will Employment Executive’s employment relationship is at-will. Either Executive or the Company may terminate the employment relationship at any time, with or without Cause or advance notice.

  • Former Employment You represent and warrant that your employment by the Company will not conflict with and will not be constrained by any prior employment or consulting agreement or relationship. You represent and warrant that you do not possess confidential information arising out of prior employment which, in your best judgment, would be utilized in connection with your employment by the Company, except in accordance with agreements between your former employer and the Company.

  • OUTSIDE EMPLOYMENT Employee shall devote his full time and attention to the performance of the duties incident to his position with the Company, and shall not have any other employment with any other enterprise or substantial responsibility for any enterprise which would be inconsistent with Employee’s duty to devote his full time and attention to Company matters without the prior consent of the Board of Directors.

  • At-Will Employment; Termination The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

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