Common use of No Interference With Duties Clause in Contracts

No Interference With Duties. During the Term, Executive shall not devote time to other activities which would interfere with the proper performance of Executive’s duties as set forth herein and shall not be directly or indirectly concerned or interested in any other business, occupation, activity or interest other than by reason of holding a non-controlling interest as a shareholder, securities holder or debenture holder in a corporation quoted on a nationally recognized exchange (subject to any limitations in the Company’s Code of Business Conduct and Ethics). Subject to the policies applicable to other senior executives of the Company (including without limitation such policies governing conflicts of interest), Executive may not serve as a member of a board of directors of a for-profit company, other than Parent or any of its subsidiaries or affiliates and the board of directors of Ally Bank (on which Executive currently serves), without the express approval of the Board; provided, however, it shall not be a violation of this Agreement for Executive to manage personal business interests and investments and to engage in charitable and civic activities, so long as such activities do not individually or in the aggregate interfere with the performance of Executive’s responsibilities under this Agreement.

No Interference With Duties. During the Term, Executive shall not devote time to other activities which would inhibit or otherwise interfere with the proper performance of Executive’s duties as set forth herein under this Agreement and shall not be directly or indirectly concerned or interested in any other business, occupation, activity or interest other than by reason of holding a non-controlling interest as a shareholder, securities holder securityholder or debenture debt holder in a corporation quoted on a nationally recognized exchange (subject to any limitations in the Company’s Code of Business Conduct and Ethics). Subject to the policies applicable to other senior executives of the Company (including without limitation such policies governing conflicts of interest), Executive may not serve as a member of a board of directors of a for-profit company, other than Parent the Company or any of its subsidiaries or affiliates and the board of directors of Ally Bank (on which Executive currently serves)affiliates, without the express approval of the Board; providedNominating Committee. Notwithstanding anything herein to the contrary, however, (i) it shall not be a violation of this Agreement for Executive to manage personal business interests and investments and to engage in charitable charitable, civic, educational and civic religious activities, so long as such activities do not individually or in the aggregate interfere with the performance of Executive’s responsibilities under this AgreementAgreement and (ii) Executive shall not be prohibited from continuing to serve on the boards of, or remaining affiliated with, the entities set forth on Exhibit A hereto.

No Interference With Duties. During the Term, Executive shall not devote time to other activities which would interfere with the proper performance of Executive’s duties as set forth herein and shall not be directly or indirectly concerned or interested in any other business, occupation, activity or interest other than by reason of holding a non-controlling interest as a shareholder, securities holder or debenture holder in a corporation quoted on a nationally recognized exchange (subject to any limitations in the Company’s Code of Business Conduct and Ethics). Subject to the policies applicable to other senior executives of the Company (including without limitation such policies governing conflicts of interest), Executive may not serve as a member of a board of directors of a for-profit company, other than Parent the Company or any of its subsidiaries or affiliates and the board of directors of Ally Bank (on which Executive currently serves)affiliates, without the express approval of the Board of Directors (the “Board”) of the Company; provided, however, it shall not be a violation of this Agreement for Executive to manage personal business interests and investments and to engage in charitable and civic activities, so long as such activities do not individually or in the aggregate interfere with the performance of Executive’s responsibilities under this Agreement.

No Interference With Duties. During the Term, Executive shall not devote time to other activities which would inhibit or otherwise interfere with the proper performance of Executive’s duties as set forth herein and shall not be directly or indirectly concerned or interested in any other business, business occupation, activity or interest other than by reason of holding a non-controlling interest as a shareholder, securities holder or debenture holder in a corporation quoted on a nationally recognized exchange (subject to any limitations in the Company’s Code of Business Conduct and Ethics). Subject to the policies applicable to other senior executives of the Company (including without limitation such policies governing conflicts of interest), Executive may not serve as a member of a board of directors of a for-profit company, other than Parent the Company or any of its subsidiaries or affiliates and the board of directors of Ally Bank (on which Executive currently serves)affiliates, without the express approval of the BoardBoard of Directors (it being acknowledged that Executive’s board services as of the Effective Date shall be deemed expressly approved by the Board for this purpose); provided, however, that it shall not be a violation of this Agreement for Executive to manage personal business interests and investments and to engage in charitable and civic activities, so long as such activities comply with the Company’s Code of Business Conduct and Ethics and do not individually or in the aggregate interfere with the performance of Executive’s responsibilities under this Agreement.