Common use of Additional Business Clause in Contracts

Additional Business. 1. The Member of the Management Board will devote her skills and knowledge only to the Company. During the employment relationship, she is not allowed to engage in any profit-orientated additional business without the prior written consent of the shareholders. Any publications and lectures, which refer to the business of the Company but are not in the direct interest of the Company, also require the prior written consent of the shareholders. 2. The Member of the Management Board shall not actively participate in any company or engage in any own business without the prior written consent of the shareholders. Such consent is not required in the event of the acquisition of interests or shares of a publicly listed company for the purpose of capital investment without the possibility to influence the managing board. 3. The Member of the Management Board holds additionally other positions at Sirona Group Companies. This includes in particular the function as EVP & CFO of the holding company Sirona Dental Systems, Inc. in the US. 1. The Member of the Management Board shall keep strictly confidential any and all confidential activities or business affairs of the Company and its affiliated entities and business secrets she has received knowledge about during the course of her activities, irrespective of the source of such knowledge, vis-à-vis third parties and other employees of the Company who are not entitled to receive such confidential information. This confidentiality covenant shall not apply for information, if and to the extent the transfer of which is necessary for the due performance of the Member of the Management Board’s duties assigned to her or has been approved by the prior written consent of the shareholders. This confidentiality obligation shall remain in force also after the termination of this Agreement. 2. Without the prior written consent of the shareholders the Member of the Management Board shall not act as member of supervisory, advisory or similar boards of companies which are not affiliated with the Company or in professional/trade associations. 3. During the term of this Agreement the Member of the Management Board shall be obliged not to be active for any enterprise, which is competing in any way with the Company or its affiliates. Any direct or indirect activity as employee, free-lancer or consultant or as person participating directly or indirectly in the enterprise is prohibited.

Appears in 1 contract

Sources: Service Agreement (Sirona Dental Systems, Inc.)

Additional Business. 1. The Member Chairman of the Management Board will devote her his skills and knowledge only to the Company. During the employment relationship, she he is not allowed to engage in any profit-orientated additional business without the prior written consent of the shareholders. Any publications and lectures, which refer to the business of the Company but are not in the direct interest of the Company, also require the prior written consent of the shareholders. 2. The Member Chairman of the Management Board shall not actively participate in any company or engage in any own business without the prior written consent of the shareholders. Such consent is not required in the event of the acquisition of interests or shares of a publicly listed company for the purpose of capital investment without the possibility to influence the managing board. 3. The Member Chairman of the Management Board holds additionally other positions at Sirona Group Companies. This includes in particular the function as EVP Chairman, President & CFO CEO of the holding company Sirona Dental Systems, Inc. in the US. 1. The Member Chairman of the Management Board shall keep strictly confidential any and all confidential activities or business affairs of the Company and its affiliated entities and business secrets she he has received knowledge about during the course of her his activities, irrespective of the source of such knowledge, vis-à-vis third parties and other employees of the Company who are not entitled to receive such confidential information. This confidentiality covenant shall not apply for information, if and to the extent the transfer of which is necessary for the due performance of the Member Chairman of the Management Board’s duties assigned to her him or has been approved by the prior written consent of the shareholders. This confidentiality obligation shall remain in force also after the termination of this Agreement. 2. Without the prior written consent of the shareholders the Member Chairman of the Management Board shall not act as member of supervisory, advisory or similar boards of companies which are not affiliated with the Company or in professional/trade associations. 3. During the term of this Agreement the Member Chairman of the Management Board shall be obliged not to be active for any enterprise, which is competing in any way with the Company or its affiliates. Any direct or indirect activity as employee, free-lancer or consultant or as person participating directly or indirectly in the enterprise is prohibited.

Appears in 1 contract

Sources: Service Agreement (Sirona Dental Systems, Inc.)