Common use of Concurrent Positions Clause in Contracts

Concurrent Positions. Except the General Manager, all Management Personnel, are forbidden from concurrently serving or working in any other company, unit, entity or organization whatsoever unless approved by the Board. The foregoing notwithstanding, the General Manager may not concurrently advise or otherwise concurrently serve as an agent of any company, entity, unit or organization that is in competition with the Joint Venture and/or Aura.

Appears in 2 contracts

Sources: Sino Foreign Cooperative Joint Venture Contract, Sino Foreign Cooperative Joint Venture Contract (Aura Systems Inc)