Failure to Notify. In the event that Executive fails to notify the Board of Directors or so appropriates any such opportunity without the express written consent of the Board of Directors, Executive shall be deemed to have violated the provisions of this Section notwithstanding the following: (a) The capacity in which Executive shall have acquired such opportunity; or (b) The probable success in the hands of the Company of such opportunity.
Appears in 15 contracts
Sources: Executive Employment Agreement (CV Sciences, Inc.), Executive Employment Agreement (CV Sciences, Inc.), Executive Employment Agreement (CV Sciences, Inc.)
Failure to Notify. In the event that Executive fails to notify the Board of Directors or so appropriates any such opportunity without the express written consent of the Board of Directors, Executive shall be deemed to have violated the provisions of this Section notwithstanding the following:
(ai) The capacity in which Executive shall have acquired such opportunity; or
(bii) The probable success in the hands of the Company of such opportunity.
Appears in 5 contracts
Sources: Executive Employment Agreement (Star Scientific Inc), Executive Employment Agreement (Star Scientific Inc), Executive Employment Agreement (Star Scientific Inc)
Failure to Notify. In the event that Executive fails to notify the Board of Directors or so appropriates any such opportunity without the express written consent of the Board of Directors, Executive shall be deemed to have violated the provisions of this Section notwithstanding the following:
(a) i. The capacity in which Executive shall have acquired such opportunity; or
(b) ii. The probable success in the hands of the Company of such opportunity.
Appears in 2 contracts
Sources: Executive Employment Agreement (Perito Paul L), Executive Employment Agreement (Star Scientific Inc)
Failure to Notify. In the event that Executive fails to notify the Board of Directors CEO or so appropriates any such opportunity without the express written consent of the Board of DirectorsCEO, Executive shall be deemed to have violated the provisions of this Section notwithstanding the following:
(a) The capacity in which Executive shall have acquired such opportunity; or
(b) The probable success in the hands of the Company of such opportunity.
Appears in 1 contract
Failure to Notify. In the event that Executive Employee fails to notify the Board of Directors or so appropriates any such opportunity without the express written consent of the Board of Directors, Executive Employee shall be deemed to have violated the provisions of this Section notwithstanding the following:
(a) The capacity in which Executive Employee shall have acquired such opportunity; or
(b) The probable success in the hands of the Company of such opportunity.
Appears in 1 contract
Failure to Notify. In the event that Executive fails to notify the ----------------- Board of Directors or so appropriates any such opportunity without the express written consent of the Board of Directors, Executive shall be deemed to have violated the provisions of this Section notwithstanding the following:
(ai) The capacity in which Executive shall have acquired such opportunity; or
(bii) The probable success in the hands of the Company of such opportunity.
Appears in 1 contract
Sources: Executive Employment Agreement (Star Scientific Inc)