Common use of Time and Attention Clause in Contracts

Time and Attention. Beginning April 5, 2020, excluding any periods of vacation and sick leave to which Employee is entitled, Employee agrees to devote Employee’s entire working time, energy, and skill to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to Employee hereunder, to use Employee’s reasonable best efforts to perform faithfully and efficiently such responsibilities; provided, however, that these obligations shall not prohibit Employee from (i) as approved by the Board, serving on civic or charitable boards or committees and two (2) corporate boards or committee or (ii) managing personal investments, so long as such activities do not materially interfere with the performance of Employee’s responsibilities to the Company, its subsidiaries and affiliates, or violate the Company’s conflict of interest policies. During the Employment Period, Employee shall (i) disclose to the Company any business opportunity that comes to Employee’s attention and that relates to the business of the Company or otherwise arises as a result of Employee’s employment with the Company and (ii) not take advantage of or otherwise divert such opportunity for Employee’s own benefit or that of any other person or entity without prior written consent of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Virios Therapeutics, LLC), Employment Agreement (Virios Therapeutics, LLC), Employment Agreement (Virios Therapeutics, LLC)

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Time and Attention. Beginning April 5, 2020, Employee will serve as Executive Chairman of the Company excluding any periods of vacation and sick leave to which Employee is entitled, Employee agrees to devote Employee’s entire working time, energy, and skill to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to Employee hereunder, to use Employee’s reasonable best efforts to perform faithfully and efficiently such responsibilities; provided, however, that these obligations shall not prohibit Employee from (i) as approved by the Board, serving on civic or charitable boards board or committees and two (2) corporate boards or committee committees, or (ii) managing personal investments, so long as such activities do not materially interfere with the performance of Employee’s responsibilities to the Company, its subsidiaries and affiliates, or violate the Company’s conflict of interest policies. During the Employment Period, Employee shall (i) disclose to the Company any business opportunity that comes to Employee’s attention and that relates to the business of the Company or otherwise arises as a result of Employee’s employment with the Company and (ii) not take advantage of or otherwise divert such opportunity for Employee’s own benefit or that of any other person or entity without prior written consent of the Company.

Appears in 1 contract

Samples: Employment Agreement (Sun BioPharma, Inc.)

Time and Attention. Beginning April 517, 20202018, excluding any periods of vacation and sick leave to which Employee is entitled, Employee agrees to devote Employee’s entire working time, energy, and skill to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to Employee hereunder, to use Employee’s reasonable best efforts to perform faithfully and efficiently such responsibilities; provided, however, that these obligations shall not prohibit Employee from (i) as approved by the BoardPresident and Chief Executive Officer, serving on civic or charitable boards board or committees and two one (21) corporate boards board or committee committees or (ii) managing personal investments, so long as such activities do not materially interfere with the performance of Employee’s responsibilities to the Company, its subsidiaries and affiliates, or violate the Company’s conflict of interest policies. During the Employment Period, Employee shall (i) disclose to the Company any business opportunity that comes to Employee’s attention and that relates to the business of the Company or otherwise arises as a result of Employee’s employment with the Company and (ii) not take advantage of or otherwise divert such opportunity for Employee’s own benefit or that of any other person or entity without prior written consent of the Company.

Appears in 1 contract

Samples: Employment Agreement (Sun BioPharma, Inc.)

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Time and Attention. Beginning April 5, 2020, Employee will serve as Chief Medical Officer of the Company excluding any periods of vacation and sick leave to which Employee is entitled, Employee agrees to devote Employee’s 's entire working time, energy, and skill to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to Employee hereunder, to use Employee’s 's reasonable best efforts to perform faithfully and efficiently such responsibilities; provided, however, that these obligations shall not prohibit Employee from (i) as approved by the Board, serving on civic or charitable boards board or committees and two (2) corporate boards or committee committees, or (ii) managing personal investments, so long as such activities do not materially interfere with the performance of Employee’s 's responsibilities to the Company, its subsidiaries and affiliates, or violate the Company’s 's conflict of interest policies. During the Employment Period, Employee shall (i) disclose to the Company any business opportunity that comes to Employee’s 's attention and that relates to the business of the Company or otherwise arises as a result of Employee’s 's employment with the Company and (ii) not take advantage of or otherwise divert such opportunity for Employee’s 's own benefit or that of any other person or entity without prior written consent of the Company.

Appears in 1 contract

Samples: Employment Agreement (Sun BioPharma, Inc.)

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