Investment Exception. Nothing in this Agreement shall be deemed to prohibit Executive from owning equity or debt investments in any corporation, partnership or other entity which is competitive with the Company, provided that such investments (i) are passive investments and constitute one percent (1%) or less of the outstanding equity securities of such an entity whose equity securities are traded on a national securities exchange or other public market, or (ii) are approved in advance by the Board.
Appears in 4 contracts
Samples: Employment Agreement (Global Secure Corp.), Global Secure Corp. Employment Agreement (Global Secure Corp.), Employment Agreement (Global Secure Corp.)
