Common use of Disclosure of Competitive Investments Clause in Contracts

Disclosure of Competitive Investments. To the best of Executive's knowledge, Executive does not own or hold directly, indirectly or beneficially by Executive any investments competitive with the business of Company. In the event that Company determines that Executive holds a material interest in a competitive investment, Company may require Executive to divest himself of such investment unless such interest is held in a publicly-traded mutual fund in which Executive holds less than five percent (5%) of the issued and outstanding shares or is held in a

Appears in 1 contract

Samples: Executive Employment Agreement (Ergobilt Inc)

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Disclosure of Competitive Investments. To the best of Executive's Executive knowledge, Executive does not own or hold directly, indirectly or beneficially by Executive any investments competitive with the business of Company. In the event that Company determines that Executive holds a material interest in a competitive investment, Company may require Executive to divest himself of such investment unless such interest is held in a publicly-traded mutual fund in which Executive holds less than five percent (5%) of the issued and outstanding shares or is held in aa portfolio account over which Executive has no power to exercise any investment or management decisions.

Appears in 1 contract

Samples: Executive Employment Agreement (Ergobilt Inc)

Disclosure of Competitive Investments. To the best of Executive's knowledge, Executive does not own or hold directly, indirectly or beneficially by Executive any investments competitive with the business of Company. In the event that Company determines that Executive holds a material interest in a competitive investment, Company may require Executive to divest himself of such investment unless such interest is held in a publicly-traded mutual fund in which Executive holds less than five percent (5%) of the issued and outstanding shares or is held in aa portfolio account over which Executive has no power to exercise any investment or management decisions.

Appears in 1 contract

Samples: Executive Employment Agreement (Ergobilt Inc)

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Disclosure of Competitive Investments. To the best of Executive's Executive knowledge, Executive does not own or hold directly, indirectly or beneficially by Executive any investments competitive with the business of Company. In the event that Company determines that Executive holds a material interest in a competitive investment, Company may require Executive to divest himself of such investment unless such interest is held in a publicly-traded mutual fund in which Executive holds less than five percent (5%) of the issued and outstanding shares or is held in adivest

Appears in 1 contract

Samples: Executive Employment Agreement (Ergobilt Inc)

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