Being gainfully employed definition
Being gainfully employed means in particular (without limitation): (i) entering into a contractual relationship with a competitor of Valneva SE or Valneva Austria GmbH, be it as white-collar employee, consultant or in a similar position; or (ii) becoming direct or indirect owner or shareholder of a home or foreign competitor of Valneva SE or Valneva Austria GmbH, except for the investment in listed stock corporations for investment reasons only; or (iii) becoming member of a legal (representative) body of a competitor of Valneva SE or Valneva Austria GmbH, especially in the Management Board, the Supervisory Board or as a counsel or consultant, even if the services are not remunerated.
Being gainfully employed means in particular (without limitation): (i) entering into a contractual relationship with a competitor of Valneva Austria or Valneva SE, depending on the case, be it as white-collar employee, consultant or in a similar position; or (ii) becoming a direct or indirect owner or shareholder of a home or foreign competitor of Valneva Austria GmbH or Valneva SE, depending on the case, except for the investment in listed companies for investment reasons only; or (iii) becoming member of a governing body of a competitor of Valneva Austria GmbH or Valneva SE, depending on the case, especially in the Management Board, the Supervisory Board or as an advisor or consultant, even if the services are not paid.
Being gainfully employed means: (i) entering into a contractual relationship with a competitor of Valneva Austria, be it as white-collar employee, consultant or in a similar position; or (ii) becoming direct or indirect owner or shareholder of a home or foreign competitor of Valneva Austria GmbH, except for the investment in listed stock corporations for investment reasons only; or (iii) becoming member of a legal (representative) body of a competitor of Valneva Austria GmbH, especially in the Management Board, the Supervisory Board or as a counsel or consultant, even if it the services are not remunerated.
More Definitions of Being gainfully employed
Being gainfully employed means: (i) entering into a contractual relationship with a competitor of Valneva SE or Valneva Austria GmbH, be it as white-collar employee, consultant or in a similar position; or (ii) becoming direct or indirect owner or shareholder of a home or foreign competitor of Valneva SE or Valneva Austria GmbH, except for the investment in listed stock corporations for investment reasons only; or (iii) becoming member of a legal (representative) body of a competitor of Valneva SE or Valneva Austria GmbH, especially in the Management Board, the Supervisory Board or as a counsel or consultant, even if it the services are not remunerated. In any case, the non-compete commitments shall apply if (i) revocation of the board membership on good cause (juste motif) by Valneva SE, or (ii) early termination by ▇. ▇▇▇▇▇▇▇ of its Management Agreement (except where termination is not due to circumstances involving a legal, functional or actual diminution of the corporate officer’s responsibilities in any of its position within the Group, such diminution not being itself due to circumstances likely to justify a revocation of a position for good cause (juste motif) or any applicable similar ground of removal). In case of any other termination mode, the non-compete provisions shall only apply if Valneva SE declares to continue payment of the entire remuneration for the duration of the non-compete period.