Limitation on Covenant. Ownership by Key Employee, as a passive investment, of less than five percent of the outstanding shares of capital stock of any corporation listed on a national securities exchange or publicly traded in the over-the-counter market shall not constitute a breach of this Section 7.01.
Appears in 4 contracts
Samples: Management Employee Agreement, Management Employee Agreement (C H Robinson Worldwide Inc), Management Employee Agreement (C H Robinson Worldwide Inc)
Limitation on Covenant. Ownership by Key Employee, as a passive investment, of less than five one percent of the outstanding shares of capital stock of any corporation listed on a national securities exchange or publicly traded in the over-the-counter market shall not constitute a breach of this Section 7.016.
Appears in 2 contracts
Samples: Employment Agreement (Lawson Software Inc), Employment Agreement (Lawson Software Inc)
Limitation on Covenant. Ownership by Key Employee, as a passive investment, of less than five one percent of the outstanding shares of capital stock of any corporation listed on a national securities exchange or publicly traded in the over-the-counter market shall not constitute a breach of this Section 7.017.
Appears in 1 contract
Samples: Employment and Noncompetition Agreement (Computer Network Technology Corp)
Limitation on Covenant. Ownership by Key Employee, as a passive investment, of less than five three percent of the outstanding shares of capital stock of any corporation listed on a national securities exchange or publicly traded in the over-the-counter market shall not constitute a breach of this Section 7.015.4.
Appears in 1 contract
Samples: Employment Agreement (Curative Health Services Inc)
Limitation on Covenant. Ownership by Key the Employee, as a passive investment, of less than five percent (5%) of the outstanding shares of capital stock of any corporation listed on a national securities exchange or publicly traded in the over-the-counter market market, or serving as a member of the board of directors of a company, shall not constitute a breach of this Section 7.01section 5.
Appears in 1 contract
Samples: Severance Agreement (Enstar Inc)
Limitation on Covenant. Ownership by Key the Employee, as a passive investment, of less than five percent (5%) of the outstanding shares of capital stock of any corporation listed on a national securities exchange or publicly traded in the over-the-counter market shall not constitute a breach of this Section 7.01section 6. In addition, serving as a member of the board of directors of a company or providing strategic planning or financial advisory services shall not constitute a breach of this section 6.
Appears in 1 contract
