Common use of Ventures Clause in Contracts

Ventures. If, during Executive’s employment with the Company, Executive participates in the planning or implementing of any project, program, or venture involving the Company, all rights in such project, program, or venture belong to the Company. Except as approved in writing by the Board, Executive will not be entitled to any interest in any such project, program, or venture or to any commission, finder’s fee, or other compensation in connection therewith. Executive will have no interest, direct or indirect, in any customer or supplier that conducts business with the Company.

Appears in 7 contracts

Samples: Employment Agreement (Capella Education Co), Employment Agreement (Zareba Systems Inc), Key Employee Agreement (Graco Inc)

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Ventures. If, during Executive’s employment with the Company, Executive participates is engaged in or provides input into the planning or implementing of any project, program, program or venture involving the Company, all rights in such project, program, program or venture belong to the Company. Except as approved in writing by the Board, Executive will not be entitled to any interest in any such project, program, program or venture or to any commission, finder’s fee, fee or other compensation in connection therewith. Executive will have no interest, direct or indirect, in any customer or supplier that conducts business with the Company.

Appears in 5 contracts

Samples: Employment Agreement (Tactile Systems Technology Inc), Confidential Transition Agreement and Release (Tactile Systems Technology Inc), Employment Agreement (Tactile Systems Technology Inc)

Ventures. If, during Executive’s employment xxxxxx xxx Xxxm, the Executive is engaged in or associated with the Company, Executive participates in the planning or implementing of any project, program, program or venture involving the CompanyCorporation and a third party or parties, all rights in with respect to such project, program, program or venture shall belong to the CompanyCorporation. Except as approved in writing by the Board, the Executive will shall not be entitled to any interest in any such project, program, program or venture or to any commission, finder’s fee, 's fee or other compensation in connection therewith. therewith other than the salary to be paid to the Executive will have no interest, direct or indirect, as provided in any customer or supplier that conducts business with the Companythis Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Tungsten Corp.), Employment Agreement (Tungsten Corp.)

Ventures. If, during Executive’s employment with the CompanyTerm of Employment, Executive participates is engaged in or associated with the planning or implementing of any project, program, program or venture involving the CompanyCompany and a third party or parties, all rights in such project, program, program or venture shall belong to the Company. Except as formally approved in writing by the BoardCompany's Board of Directors, Executive will shall not be entitled to any interest in any such project, program, program or venture or to any commission, finder’s fee, 's fee or other compensation in connection therewith. therewith other than the salary or other compensation to be paid to Executive will have no interest, direct or indirect, as provided in any customer or supplier that conducts business with the Companythis agreement.

Appears in 1 contract

Samples: Employment Agreement (Videolabs Inc)

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Ventures. If, during Executive’s the term of his employment the Executive is engaged in or associated with the Company, Executive participates in the planning or implementing of any project, program, program or venture involving the CompanyCompany and a third party or parties, all rights in such project, program, program or venture shall belong to the Company. Except as approved in writing by the BoardCompany's Board of Directors, the Executive will shall not be entitled to any interest in any such project, program, program or venture or to any commission, finder’s fee, 's fee or other compensation in connection therewith. therewith other than the compensation to be paid to the Executive will have no interest, direct or indirect, as provided in any customer or supplier that conducts business with the Companythis Agreement.

Appears in 1 contract

Samples: Employment Agreement (Rehabilicare Inc)

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