Common use of Time Required Clause in Contracts

Time Required. Employee shall devote part of his full time, attention, skill and efforts to his tasks and duties hereunder to the business and affairs of the Company, the balance of his full time, attention, skill and efforts being devoted to the business and affairs of ▇▇▇▇▇ ▇’▇ Original Westshore Pizza, LLC and ▇▇▇▇▇▇▇▇ Real Estate Holdings, LLC. Without the prior written consent of the Company, Employee shall not provide services for compensation to any other person or business entity, other than ▇▇▇▇▇ ▇’▇ Original Westshore Pizza, LLC and ▇▇▇▇▇▇▇▇ Real Estate Holdings, LLC, during the Term of his employment by the Company, as defined in Section 4, or engage in any other business activity, whether or not such other business activity is pursued for profit or pecuniary advantage unless approved by the Board of Directors, provided, that neither investing in the public stock market for his personal account and benefit nor devotion of time and effort as a volunteer to not for profit, charitable and similar organizations shall be deemed "business activity" for purposes of this Section.

Appears in 1 contract

Sources: Employment Agreement (Bella Petrellas Holdings, Inc.)

Time Required. Employee shall devote part of his full time, attention, skill and efforts to his tasks and duties hereunder to the business and affairs of the Company, the balance of his full time, attention, skill and efforts being devoted to the business and affairs of ▇▇▇▇▇ ▇’▇ Original Philly Westshore PizzaFranchising Enterprises, LLC Inc. and ▇▇▇▇▇▇▇▇ Real Estate Holdings, LLC. Without the prior written consent of the Company, Employee shall not provide services for compensation to any other person or business entity, other than ▇▇▇▇▇ ▇’▇ Original Philly Westshore PizzaFranchising Enterprises, LLC Inc. and ▇▇▇▇▇▇▇▇ Real Estate Holdings, LLC, during the Term of his employment by the Company, as defined in Section 4, or engage in any other business activity, whether or not such other business activity is pursued for profit or pecuniary advantage unless approved by the Board of Directors, provided, that neither investing in the public stock market for his personal account and benefit nor devotion of time and effort as a volunteer to not for profit, charitable and similar organizations shall be deemed "business activity" for purposes of this Section.

Appears in 1 contract

Sources: Employment Agreement (Bella Petrellas Holdings, Inc.)