Common use of Other Interests Clause in Contracts

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 12 contracts

Samples: Employment Agreement (Energy Xxi (Bermuda) LTD), Employment Agreement (Energy Xxi (Bermuda) LTD), Employment Agreement (Energy Xxi (Bermuda) LTD)

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Other Interests. Executive agrees, during the period of his Executive’s employment by Company, to devote substantially all of his Executive’s business time, energy and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that that, subject to Section 1.1(d)(vii), Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of his Executive’s duties hereunder, which shall be at the sole determination of the Board. As of the date of this Agreement, the Board has approved the activities set forth on Attachment A to this Agreement.

Appears in 10 contracts

Samples: Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc), Employment Agreement (Concho Resources Inc)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy energy, and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except as herein permitted or with the prior written consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that and serve on corporate boards of directors that, in any case, do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 8 contracts

Samples: Employment Agreement (Atomera Inc), Employment Agreement (Atomera Inc), Employment Agreement (Atomera Inc)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy and best efforts to the business and affairs of Company and its affiliates Affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s 's performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 6 contracts

Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy energy, and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 5 contracts

Samples: Employment Agreement (Magnum Hunter Resources Corp), Employment Agreement (Petro Resources Corp), Employment Agreement (Petro Resources Corp)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his primary business time, energy and best efforts to the business and affairs of Company and its affiliates Bank and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the BoardBoard of Directors of Company (the "Board of Directors"). The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment investments and charitable other business activities that do not conflict with the business and affairs of Company or interfere with Executive’s 's performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Southwest Bancorp of Texas Inc), Employment Agreement (Southwest Bancorp of Texas Inc)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy and best efforts to the business and affairs of Company and its affiliates Affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s 's performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy and best efforts to the business and affairs of Company and its affiliates Affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy energy, and best efforts to the business and affairs of Company and its affiliates Affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)

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Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy energy, and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except as herein permitted or with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that and serve on corporate boards of directors that, in any case, do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 2 contracts

Samples: Employment Agreement (West Texas Resources, Inc.), Employment Agreement (Atomera Inc)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his business time, energy energy, and best efforts to the business and affairs of Company and its affiliates Affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict with the business and affairs of Company or interfere with Executive’s 's performance of his duties hereunder, which shall be at the sole determination of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his primary business time, energy and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the BoardBoard of Directors. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable other business activities that do not conflict with the business and affairs of Company or interfere with Executive’s 's performance of his duties hereunder, which shall be at the sole determination of the BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (W-H Energy Services Inc)

Other Interests. Executive agrees, during the period of his employment by Company, to devote substantially all of his primary business time, energy and best efforts to the business and affairs of Company and its affiliates and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the BoardBoard of Directors. The foregoing notwithstanding, the parties recognize and agree that Executive may engage in passive personal investment and charitable other business activities that do not conflict with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination of the BoardCompany’s Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (W-H Energy Services Inc)

Other Interests. Executive agrees, during the period of his employment by CompanyTerm, to devote substantially all of his full business time, energy and best efforts to the business and affairs of the Company and its affiliates Group and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company, except with the consent of the Board of Directors of Company (the “Board”). The foregoing notwithstandingNotwithstanding the foregoing, the parties recognize and agree that Executive may engage in passive personal investment and charitable activities that do not conflict will be permitted to, with the business and affairs of Company or interfere with Executive’s performance of his duties hereunder, which shall be at the sole determination prior written consent of the BoardBoard (which consent can be withheld by the Board in its discretion), act or serve as a director, trustee, committee member or principal of a for-profit business organization.

Appears in 1 contract

Samples: Executive Employment Agreement (KLX Energy Services Holdings, Inc.)

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