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 to the matters related thereto in order to perform duties as assigned by the Board of Directors of the Company (the "Board"). Executive 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. Executive agrees to serve in such other executive capacities for one or more direct or indirect Affiliates of the Company as the Board may from time to time request, subject to appropriate authorization by the Affiliate or Affiliates involved and any limitations under applicable law. Executive agrees to faithfully and diligently promote the business, affairs and interests of the Company and its Affiliates. Executive shall not, directly or indirectly, during the term of this Agreement engage in any activity competitive with or adverse to the Company's business, whether alone, as a partner, officer, director, employee or significant investor of or in any other entity. (An investment of greater than 5% of the outstanding capital or equity securities of an entity shall be deemed significant for these purposes.) 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 (Las Vegas Railway Express, Inc.), Employment Agreement (Las Vegas Railway Express, Inc.)

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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 to the matters related thereto in order to perform duties as assigned by the Board of Directors of the Company (the "Board")Chief Executive Officer. Executive 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 BoardChief Executive Officer. Executive agrees to serve in such other executive capacities for one or more direct or indirect Affiliates of the Company as the Board Chief Executive Officer may from time to time request, subject to appropriate authorization by the Affiliate or Affiliates involved and any limitations under applicable law. Executive agrees to faithfully and diligently promote the business, affairs and interests of the Company and its Affiliates. Executive shall not, directly or indirectly, during the term of this Agreement engage in any activity competitive with or adverse to the Company's business, whether alone, as a partner, officer, director, employee or significant investor of or in any other entity. (An investment of greater than 5% of the outstanding capital or equity securities of an entity shall be deemed significant for these purposes.) 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 (Las Vegas Railway Express, Inc.), Employment Agreement (Las Vegas Railway Express, Inc.)

Services and Exclusivity of Services. So long as this Agreement shall continue in effect, Executive shall devote Executive's ’s full business time, energy and ability to the matters related thereto in order to perform duties as assigned by the Board of Directors of the Company (the "Board"). , Executive shall use Executive's ’s best efforts and abilities to promote the Company's ’s interests and shall perform the services contemplated by this Agreement in accordance with policies established by and under the direction of the Board. Executive agrees to serve in such other executive capacities for one or more direct or indirect Affiliates of the Company as the Board may from time to time request, subject to appropriate authorization by the Affiliate or Affiliates involved and any limitations under applicable law. Executive agrees to faithfully and diligently promote the business, affairs and interests of the Company and its Affiliates. Executive shall not, directly or indirectly, during the term of this Agreement engage in any activity competitive with or adverse to the Company's ’s business, whether alone, as a partner, officer, director, employee or significant investor of or in any other entity. (An investment of greater than 5% of the outstanding capital or equity securities of an entity shall be deemed significant for these purposes.) 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 (Las Vegas Railway Express, Inc.)

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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 to the matters related thereto in order to perform duties as assigned by the Board of Directors business, affairs and interests of the Company (the "Board")and its affiliates or subsidiaries and matters related thereto. Executive 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 the Company's policies as established by the Board of Directors of the Company and such policies as may be established by and under the direction of the Board. Company's Chief Executive agrees to serve in such other executive capacities for one or more direct or indirect Affiliates of Officer (the Company as the Board may from time to time request, subject to appropriate authorization by the Affiliate or Affiliates involved and any limitations under applicable law"CEO"). Executive agrees to faithfully and diligently promote the business, affairs and interests of the Company and its Affiliatesaffiliates or subsidiaries. Without the prior express written authorization of the CEO, Executive shall not, directly or indirectly, during the term Term of this Agreement Agreement: (a) render services to any other person or firm for compensation or (b) engage in any activity competitive with or adverse to the Company's business, whether alone, as a partner, officer, director, employee or significant investor of or in any other entity. (An investment of greater than 5% of the outstanding capital or equity securities of an entity shall be deemed significant for these purposes.) . 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 (Photronics Inc)

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