Ventures. If, during the term of this Agreement, Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or venture shall belong to the Company. Except as formally approved by the Company, Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary to be paid to Executive as provided in this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Hypertension Diagnostics Inc /Mn), Employment Agreement (Hypertension Diagnostics Inc /Mn)
Ventures. If, during ▇▇▇▇▇▇ ▇▇▇ ▇▇▇m, the term of this Agreement, Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company Corporation and a third party or parties, all rights in with respect to such project, program or venture shall belong to the CompanyCorporation. Except as formally approved by the CompanyBoard, the Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary to be paid to the Executive as provided in this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Tungsten Corp.), Employment Agreement (Tungsten Corp.)
Ventures. If, during the term of this Agreement, Executive is engaged in or associated with the planning or implementing of any project, program program, or venture involving the Company and a third party or parties, all rights in such the project, program program, or venture shall belong to the Company and shall constitute a corporate opportunity belonging exclusively to the Company. Except as formally approved by the Companyprovided in Section 4.4 above, Executive shall not be entitled to any interest in such project, program program, or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary to be paid to Executive as provided in this Agreementtherewith.
Appears in 2 contracts
Sources: Employment Agreement (Composite Technology Corp), Employment Agreement (Composite Technology Corp)
Ventures. If, during the term Term of this AgreementEmployment, Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or venture shall belong to the Company. Except as formally approved by the Company's Board of Directors, Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary or other compensation to be paid to Executive as provided in this Agreementagreement.
Appears in 1 contract
Sources: Employment Agreement (Videolabs Inc)
Ventures. If, during the term of this Agreement, his employment the Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or venture shall belong to the Company. Except as formally approved by the Company's Board of Directors, the Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary compensation to be paid to the Executive as provided in this Agreement.
Appears in 1 contract
Ventures. If, during the term of this Agreement, Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or venture shall belong to the Company. Except as formally approved by the Company, Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary or other compensation to be paid to Executive as provided in this Agreement.
Appears in 1 contract
Ventures. If, during the term of Executive's employment pursuant to this Agreement, Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or venture shall belong to the Company. Except as formally approved by the CompanyBoard, Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the salary to be paid to Executive as provided in this Agreement.
Appears in 1 contract
Sources: Employment Agreement (Summit Medical Systems Inc /Mn/)