Common use of Time Requirements Clause in Contracts

Time Requirements. The Executive agrees that he will devote 80% of his business time and attention during regular business hours to the business affairs of the Company and that during the period of such employment the Executive will not, without the prior permission of the Board of Directors of the Company, engage in any other business enterprise or enterprises which require in excess of 20% of the Executive's time or attention. It is understood that the Executive will perform certain of the services contemplated in this Agreement outside of the Company's offices. The foregoing shall not prevent the purchase, ownership or sale by the Executive of investments or securities of publicly-held companies and any other business which is not competitive and does not have any business relations with the Company or any subsidiary of the Company, provided the time or attention devoted by the Executive to such activities does not interfere with the performance of his duties hereunder. 5.

Time Requirements. The Executive agrees that he will devote 80% all of his business time and attention during regular business hours to the business affairs of the Company and that during the period of such employment the Executive will not, without the prior permission of the Board of Directors of the Company, engage in any other business enterprise or enterprises which require in excess of 20% more than a nominal amount of the Executive's business time or attention. It is understood that the Executive will perform certain of the services contemplated in this Agreement outside of the Company's offices. The foregoing shall not prevent the purchase, purchase or ownership or sale by the Executive of investments or securities of publicly-held companies representing less than 2% of any such companies and any other business which is not competitive and does not have any business relations with the Company or any subsidiary of the Company, provided the time or attention devoted by the Executive to such activities does not interfere with the performance of his duties hereunder. 54.

Time Requirements. The Executive agrees that he will devote 80% substantially all of his business time and attention during regular business hours to the business affairs of the Company and that during the period of such employment the Executive will not, without the prior permission of the President or the Board of Directors of the Company, engage in any other business enterprise or enterprises which require in excess of 20% more than a nominal amount of the Executive's business time or attention. It is understood that the Executive will perform certain of the services contemplated in this Agreement outside of the Company's offices. The foregoing shall not prevent the purchase, purchase or ownership or sale by the Executive of investments or securities of publicly-held companies representing less than 2% of any such companies and any other business which is not competitive and does not have any business relations with the Company or any subsidiary of the Company, provided the time or attention devoted by the Executive to such activities does not interfere with the performance of his duties hereunder. 5.

Time Requirements. The Executive agrees that he will devote 80% all of his business time and attention during regular business hours to the business affairs of the Company and that during the period of such employment the Executive will not, without the prior permission of the President or the Board of Directors of the Company, engage in any other business enterprise or enterprises which require in excess of 20% more than a nominal amount of the Executive's business time or attention. It is understood that the Executive will perform certain of the services contemplated in this Agreement outside of the Company's offices. The foregoing shall not prevent the purchase, purchase or ownership or sale by the Executive of investments or securities of publicly-held companies representing less than 2% of any such companies and any other business which is not competitive and does not have any business relations with the Company or any subsidiary of the Company, provided the time or attention devoted by the Executive to such activities does not interfere with the performance of his duties hereunder. 5.