Common use of Competing Interest Clause in Contracts

Competing Interest. During the Employment Period, the Executive shall not, without the prior written consent of the Company, (i) engage in any other business activity for gain, profit, or other pecuniary advantage or (ii) engage in or in any manner be connected or concerned, directly or indirectly, whether as an officer, director, stockholder, partner, owner, executive, creditor, or otherwise, with the operation, management, or conduct of any business, in either case which directly or indirectly competes with the Company Business. Provided, however, that this Section 22 shall not prohibit the Executive from owning up to five (5) percent of the publicly traded shares of any entity.