SIDE ACTIVITIES Sample Clauses
The "Side Activities" clause defines the rules and limitations regarding activities that a party may engage in outside the main scope of the agreement. Typically, this clause clarifies whether parties are permitted to undertake additional business ventures, employment, or projects that are not directly related to the contract, and may set boundaries to prevent conflicts of interest or misuse of confidential information. Its core function is to protect the interests of the contracting parties by ensuring that side activities do not interfere with contractual obligations or create competing interests.
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SIDE ACTIVITIES. 13.1 During the term of this Agreement, the Executive shall not perform any paid or unpaid side activities without prior written approval of the non-executives. Any such activities undertaken upon signing of this Agreement should be disclosed for approval prior to signing. For the avoidance of doubt, the Executive’s activities as included in the list as kept by the Company’s company secretary are considered as disclosed.
13.2 During the term of this Agreement, the Executive shall not be permitted to have or take in any way, whether directly or indirectly, any interest in companies pursuing activities in competition with or similar or related to the activities of the Company and its affiliated companies. Any interest in companies who are suppliers, licensors, principals, buyers or licensees of the Company held upon signing of this Agreement should be disclosed prior to signing.
SIDE ACTIVITIES. The Employee shall not perform any paid or unpaid activities without prior permission (in writing) of the Company. Nor shall the Employee accept any money or remuneration from third parties in connection with his work for the Company and/or its affiliated companies.
SIDE ACTIVITIES. The Managing Director shall devote his efforts exclusively to the Company and the other partnerships, companies and branches that carry on the AVNET-EMEA-Business and further their interests. Any engagement against remuneration in any additional occupation with or activity for enterprises that compete with the Company or with any of the partnerships, companies or branches carrying on the AVNET-EMEA-Business or an acquisition of more than 5% interest in any publicly listed and traded company, require the advance written consent of the sole shareholder. For the avoidance of doubt nothing in this clause no. VII prevents the Managing Director form acquiring an interest of 5% or less in any competitor of the partnerships or companies carrying out the AVNET EMEA Business. Membership in the Board of Directors or Supervisory Board of other companies shall also require the approval of the sole shareholder.
SIDE ACTIVITIES. During the employment relationship all other activities for remuneration as well as activities that normally entitle Employee to remuneration, including any part-time work or self employed work, are prohibited unless permitted below or Company otherwise has explicitly given its prior consent by declaration in textual form. Company will grant such consent if its business interests are not affected by the other activities of Employee. Company may grant such consent upon conditions or for a fixed term as well as revocable including the possible reasons for revocation. Employee shall apply for such consent by declaration in textual form and provide all necessary data regarding the activities, in particular nature, place and duration, in due time before the beginning of the other activities. Employee is expressly permitted to continue his existing activities as general manager of an investment GmbH provided that such activities do not impair Employee's ability to satisfy his time commitment obligations set forth in Section 4 above.
SIDE ACTIVITIES. 14.1 Executive shall during the term of the Agreement not perform any (paid or unpaid) activities for third parties (with the exception of Group Companies) or for Executive's own account, without the prior written consent of the Group CEO. Such consent shall not be unreasonably withheld for the performance of activities by Executive, provided that: · the relevant third party or Executive's own business activities cannot in any sense be considered a competitor of any Group Company; and · activities performed for the relevant third party or for Executive's own account will not in any sense constitute competition with any Group Company; and · Executive works at least the agreed number of hours per week for the Company; and · activities performed for any third party or for Executive's own account do not have an adverse effect on the Group's reputation and/or on the duties to be performed by Executive under the Agreement; and · any other specific conditions to which such consent will be made subject at the time the consent will be given, will be met.
14.2 Any consent given pursuant to paragraph 1 of this clause may be revoked by the Company at any time if any of the conditions referred to in paragraph 1 of this clause or any specific conditions to which such consent was made subject, will appear not or no longer met.
SIDE ACTIVITIES. Upon the request of the Executive Vice President and Chief Operating Officer of Glatfelter or the shareholders' meeting, Mr. Rapp, in addition to his position as Vice President & Gener▇▇ ▇▇▇▇▇er of the CFBU of Glatfelter, shall assume supervisory board and similar offices in affiliated companies as well as in industry or similar associations in which the Company or any of its affiliated companies is a member. Mr. Rapp shall be obliged to resign from such offices without u▇▇▇▇ ▇▇▇ay as soon as this Agreement ends or the Executive Vice President and Chief Operating Officer or the Chief Executive Officer of Glatfelter so requests.
SIDE ACTIVITIES. Other than with respect to the scientific advisory boards, supervisory boards, and similar positions (collectively, each an "engagement" and collectively, the "engagements", all as set forth on Exhibit A, as well as future engagements that are approved in advance and in writing by the Company, the Employee shall devote his full working capacity to the Company. In addition to future engagements, the Employee is not entitled to work for any other third party or engage in any other gainful employment without the prior written approval of the Company. Any non-remunerated side activities need the approval of the Company as well. Such approval shall only be withheld if the activity limits the working capability of the Employee or is against the interests of the Company or any Group Company.
SIDE ACTIVITIES. (1) The Employee shall devote his full working time and capacity to the Firm’s business and shall always obey the reputation and interests of the Firm.
(2) All side activities for remuneration shall require prior consent of the management.
(3) Prior consent shall also be required before taking up a public office or honorary activities in trade or professional associations.
SIDE ACTIVITIES. The Director is not allowed to undertake other professional activities during the term of the Employment Agreement, except with the prior written consent of the Company, irrespective of whether or not the Director receives financial compensation for these activities.
SIDE ACTIVITIES. 11.1 The Employee shall not perform any paid or unpaid side activities without prior written approval of the Company and AMS This would include such activities as consultation in the field of medical devices and any related products for third parties. The Employee is permitted to continue in his role as Vice President, Treasurer of the Crig▇▇▇-▇▇▇▇▇▇ ▇▇▇ndation,a non-profit organization provided that it does not interfere in any material respect with the services to be provided by the Employee.
11.2 For the duration of this Agreement the Employee shall not be permitted to have or take in any way, whether directly or indirectly, an interest in companies pursuing activities in competition with, or similar or related to the activities of the Company and AMS and/or the companies affiliated with the Company or AMS, or any interest in companies, other than AMS, who are suppliers and/or licensers and/or principals and/or buyers and/or licensees of the Company and/or the companies affiliated with the Company.
11.3 Employee shall not accept any moneys or other remuneration from third parties in connection with his activities for the Company and AMS and/or the companies affiliated with the Company or AMS.