Common use of Services and Exclusivity of Services Clause in Contracts

Services and Exclusivity of Services. So long as this Agreement shall continue in effect, Executive shall devote Executive’s full business time, energy and ability exclusively to the business, affairs and interests of the Company and its direct and indirect subsidiaries (“Subsidiaries), and matters related thereto, shall use Executive’s best efforts and abilities to promote the Company’s interests, and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of the Board of Directors of the Company (the “Board”). Executive shall at all times perform Executive’s duties and obligations faithfully and diligently and to the best of Executive’s ability. Executive may make and manage personal business investments of Executive’s choice and serve in any capacity with any civic, educational or charitable organization without seeking or obtaining approval by the Board or the CEO, provided that such activities and services do not substantially interfere or conflict with the performance of duties hereunder or create any conflict of interest with such duties. An investment that exceeds five percent (5%) of the equity securities or capitalization of a competitor, supplier or customer of the Company shall be deemed to constitute such a conflict. Executive represents to the Company that Executive has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Modtech Holdings Inc), Employment Agreement (Modtech Holdings Inc)

AutoNDA by SimpleDocs

Services and Exclusivity of Services. So long as this Agreement shall continue in effect, Executive shall devote Executive’s full business time, energy and ability exclusively to the business, affairs and interests of the Company and its direct and indirect subsidiaries (“Subsidiaries), and matters related thereto, shall use Executive’s best efforts and abilities to promote the Company’s interests, and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of the Board of Directors of the Company (the “Board”) and the Chief Executive Officer of the Company (the “CEO”). Executive shall at all times perform Executive’s duties and obligations faithfully and diligently and to the best of Executive’s ability. Executive may make and manage personal business investments of Executive’s choice and serve in any capacity with any civic, educational or charitable organization without seeking or obtaining approval by the Board or the CEO, provided that such activities and services do not substantially interfere or conflict with the performance of duties hereunder or create any conflict of interest with such duties. An investment that exceeds five percent (5%) of the equity securities or capitalization of a competitor, supplier or customer of the Company shall be deemed to constitute such a conflict. Executive represents to the Company that Executive has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Modtech Holdings Inc), Employment Agreement (Modtech Holdings Inc)

AutoNDA by SimpleDocs

Services and Exclusivity of Services. So long as this Agreement shall continue in effect, Executive shall devote Executive’s his full business time, energy and ability exclusively to the business, affairs and interests of the Company and its direct and indirect subsidiaries (the “Subsidiaries), and matters related thereto, shall use Executive’s his best efforts and abilities to promote the Company’s interests, and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of the Board of Directors of the Company (the “Board”). Executive shall at all times perform Executive’s his duties and obligations faithfully and diligently and to the best of Executive’s ability. Executive may make and manage personal business investments of Executive’s choice and serve in any capacity with any civic, educational or charitable organization without seeking or obtaining approval by the Board or the CEOBoard, provided that such activities and services do not substantially interfere or conflict with the performance of duties hereunder or create any conflict of interest with such duties. An investment that exceeds five percent (5%) of the equity securities or capitalization of a competitor, supplier or customer of the Company shall be deemed to constitute such a conflict. Executive represents to the Company that Executive has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered hereunder.

Appears in 1 contract

Samples: Employment Agreement (Modtech Holdings Inc)

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