Time and Availability. The Employee shall devote his full business time and attention to the business of the Company, and, except as may be specifically permitted by the Company, shall not be engaged in any other business activity during the term of this Agreement. The foregoing shall not be construed as preventing the Employee from making investments in other businesses or enterprises, provided, however, that such investments do not require services on the part of the Employee which would in any way impair the performance of his duties under this Agreement. Employee will not be required by the Company to relocate to any place other than a location within the Natchez, Mississippi metropolitan area, except for a relocation consented to by Employee; provided, however, that in connection with a relocation of the corporate headquarters of the Company, Employee may be required to relocate out of the Natchez area to a city or other local jurisdiction in which the new corporate headquarters of the Company is located under the following conditions: (i) the corporate headquarters of the Company shall be relocated in the state of Mississippi, Louisiana or Texas; (ii) all of the Company's executive officers, including without limitation the Employee, shall be employed out of such new corporate headquarters; and (iii) all reasonable costs of relocation, including moving expenses, costs of selling a principal residence (and, if requested by Employee, the purchase of such principal residence at its value as appraised by a qualified appraiser selected by Employee) are paid or provided for by the Company. If Employee is required to relocate to an area with a higher cost of living than the cost of living in the Natchez, Mississippi area as reflected by a consumer price index or other measure of the cost of living selected by the Employee and approved by the Company, which approval shall not be unreasonably withheld, the Salary provided for hereunder shall be increased to an amount to reflect such cost of living increase.
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Sources: Employment Agreement (Callon Petroleum Co), Employment Agreement (Callon Petroleum Co)
Time and Availability. The Employee shall devote his full business time and attention to the business of the Company, and, except as may be specifically permitted by the Company, shall not be engaged in any other business activity during the term of this Agreement. The foregoing shall not be construed as preventing the Employee from making investments in other businesses or enterprises, provided, however, that such investments do not require services on the part of the Employee which would in any way impair the performance of his duties under this Agreement. Employee will not be required by the Company to relocate to any place other than a location within the Natchez, Mississippi metropolitan area, except for a relocation consented to by Employee; provided, however, that in connection with a relocation of the corporate headquarters of the Company, Employee may be required to relocate out of the Natchez area to a city or other local jurisdiction in which the new corporate headquarters of the Company is located under the following conditions: (i) the corporate headquarters of the Company shall be relocated in the state of Mississippi, Louisiana or Texas; (ii) all of the Company's executive officers, including without limitation the Employee, shall be employed out of such new corporate headquarters; and (iii) all reasonable costs of relocation, including moving expenses, costs of selling a principal residence (and, if requested by Employee, the purchase of such principal residence at its value as appraised by a qualified appraiser selected by Employee) are paid or provided for by the Company. If Employee is required to relocate to an area with a higher cost of living than the cost of living in the Natchez, Mississippi area as reflected by a consumer price index or other measure of the cost of living selected by the Employee and approved by the Company, which approval shall not be unreasonably withheld, the Salary provided for hereunder shall be increased to an amount to reflect such cost of living increase.the
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