Common use of While Executive Clause in Contracts

While Executive. is employed hereunder by the Corporation and during any time thereafter that the Corporation shall continue to pay to Executive his Salary and benefits, he shall not, without prior written consent of the Corporation, engage, directly or indirectly, in any other trade, business or employment, or have any interest, direct or indirect, in any other business, firm or corporation; provided, however, that he may continue to own or may hereafter acquire (i) any securities of any class of any publicly-owned company or (ii) any passive investment in a privately held entity which is not engaged in the pharmaceutical business.

While Executive. is employed hereunder by the Corporation and during any time thereafter that the Corporation shall continue to pay to Executive his Salary and benefits, he shall not, not without the prior written consent of the Corporation, Corporation engage, directly or indirectly, in any other trade, business or employment, or have any interest, direct or indirect, in any other business, firm or corporation; provided, however, that he may continue to own or may hereafter acquire (i) any securities of any class of any publicly-owned company or (ii) any passive as well as investments in other entities that are held for investment purposes only provided that such entities are not in competition with the Corporation and that investment in such entities does not create a privately held entity which is not engaged in conflict of interest on the pharmaceutical businesspart of Executive.

While Executive. is employed hereunder by the Corporation and during any time thereafter that the Corporation shall continue to pay to Executive his Salary and benefits, he shall not, without the prior written consent of the Corporation, engage, directly or indirectly, in any other trade, business or employment, or have any interest, direct or indirect, in any other business, firm or corporation; provided, however, that he may continue to own or may hereafter acquire (i) any securities of any class of any publicly-owned company or (ii) any passive investment in a privately held entity which is not engaged in the pharmaceutical business.