Common use of During Term of Employment Clause in Contracts

During Term of Employment. During Executive’s relationship with either Company, Executive will not, in any capacity, participate in, provide assistance to, or have a financial or other interest in any activity or other enterprise which competes with either Company. The ownership of less than a 5% interest in a corporation or other entity whose securities are traded on a recognized stock exchange or traded on the over the counter market, even thought that corporation or other entity may be a competitor to the Company, shall not be deemed a financial participation in a competitor.

Appears in 3 contracts

Samples: Employment Agreement (Middleton Doll Co), Employment Agreement (Middleton Doll Co), Employment Agreement (Middleton Doll Co)

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