Common use of Time and Attention Clause in Contracts

Time and Attention. Each Holder acknowledges and agrees that no Director shall, as a result of being a Director (as such), be bound to devote all of his business time to the affairs of the Company, and that he and his Affiliates do and will continue to engage for their own account and for the accounts of others in other business ventures.

Appears in 8 contracts

Sources: Operating Agreement, Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)