Limitation on Covenant. Ownership by Executive, 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.
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Samples: Employment Agreement (Immune Response Inc), Employment Agreement (Enstar Inc), Employment Agreement (Young America Holdings Inc)
Limitation on Covenant. Ownership by Executive, 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 an over-the-the counter market shall not constitute a breach of this Section 7.
Appears in 1 contract
