Common use of No Conflicting Commitments Clause in Contracts

No Conflicting Commitments. During the period of Executive’s full time employment with the Company, Executive will not undertake any commitments which might materially impair Executive’s performance of his duties as a full time employee of the Company. Notwithstanding anything herein to the contrary the Executive shall have the right to continue to serve on the Board of Directors of Nabi Biopharmaceuticals, and may from time to time serve on such other boards of directors, or boards of trustees, of both for-profit and not-for-profit organizations, provided that such organizations are not directly competitive with the business of GTC and such service does not materially impair Executive’s performance of his duties hereunder.

Appears in 1 contract

Sources: Executive Employment Agreement (GTC Biotherapeutics Inc)

No Conflicting Commitments. During the period of Executive’s 's full time employment with the Company, Executive will not undertake any commitments which might materially impair Executive’s 's performance of his duties as a full time employee of the Company. Notwithstanding anything herein to the contrary the Executive shall have the right to continue to serve on the Board of Directors of Nabi BiopharmaceuticalsNabi, and may from time to time serve on such other boards of directors, or boards of trustees, of both for-profit and not-for-profit organizations, provided that such organizations are not directly competitive with the business of GTC and such service does not materially impair Executive’s 's performance of his duties hereunder.

Appears in 1 contract

Sources: Executive Employment Agreement (Genzyme Transgenics Corp)

No Conflicting Commitments. During the period of Executive’s 's full time employment with the Company, Executive will not undertake any commitments which might materially impair Executive’s 's performance of his duties as a full time employee of the Company. Notwithstanding anything herein to the contrary the Executive shall have the right to continue to serve on the Board of Directors of Nabi BiopharmaceuticalsGeneMatrix, Inc., and may from time to time serve on such other boards of directors, or boards of trustees, of both for-profit and not-for-profit organizations, provided that such organizations are not directly competitive with the business of GTC and such service does not materially impair Executive’s 's performance of his duties hereunder.

Appears in 1 contract

Sources: Executive Employment Agreement (GTC Biotherapeutics Inc)