Common use of No Beneficial Ownership Clause in Contracts

No Beneficial Ownership. Executive shall not beneficially own directly or indirectly any beneficial interest in any entity engaged in any Competitive Activity other than the Company, except for any interest in a company traded on a nationally recognized public securities exchange (including The Nasdaq National Market), provided such interest does not exceed 5% of the outstanding capital stock of such company.

Appears in 11 contracts

Samples: Employment Agreement (Keystone Property Trust), Employment Agreement (Keystone Property Trust), Employment Agreement (Keystone Property Trust)

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No Beneficial Ownership. Executive shall not beneficially own directly or indirectly any beneficial interest in any entity engaged in any Competitive Activity other than the CompanyCompany (and those companies described in Section B.2), except for any interest in a company traded on a nationally recognized public securities exchange (including The Nasdaq National Market), provided such interest does not exceed 5% of the outstanding capital stock of such company.

Appears in 2 contracts

Samples: Employment Agreement (American Real Estate Investment Corp), Employment Agreement (American Real Estate Investment Corp)

No Beneficial Ownership. Executive shall not beneficially own directly or indirectly any beneficial interest in any entity engaged in any Competitive Activity other than the Company, except for any interest in a company traded on a nationally recognized public securities exchange (including The Nasdaq NASDAQ National Market), provided such interest does not exceed 5% five percent of the outstanding capital stock of such company.

Appears in 1 contract

Samples: Employment Agreement (Prentiss Properties Trust/Md)

No Beneficial Ownership. Executive shall not beneficially own directly or indirectly any beneficial interest in any entity engaged in any Competitive Activity other than the Company, except for any interest in a company traded on a nationally recognized public securities exchange (including The Nasdaq NASDAQ National Market), provided such interest does not exceed five (5% %) percent of the outstanding capital stock of such company.

Appears in 1 contract

Samples: Employment Agreement (Mack Cali Realty Corp)

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No Beneficial Ownership. Executive shall not beneficially own directly ----------------------- or indirectly any beneficial interest in any entity engaged in any Competitive Activity other than the Company, except for any interest in a company traded on a nationally recognized public securities exchange (including The Nasdaq NASDAQ National Market), provided such interest does not exceed five (5% %) percent of the outstanding capital stock of such company.

Appears in 1 contract

Samples: Employment Agreement (Prentiss Properties Trust/Md)

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