Common use of NON-COMPETITION AND NON Clause in Contracts

NON-COMPETITION AND NON. Interference ------------------------------------ 8.1 Non-Competition: Executive may advise, lend money, manage, control, --------------- trade, sell, lease, license or otherwise own technology in any private ------- company, however, Executive's ownership interest may not directly or ------- ------- indirectly exceed 20% of the total issued and outstanding shares of any one company whether said company is or is not in direct competition with the Company. Executive shall be permitted to own up to 5% of the issued and outstanding shares of capital stock of any corporation which has a class of equity securities registered under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Executive Employment Agreement (Divot Golf Corp)

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NON-COMPETITION AND NON. Interference ------------------------------------ 8.1 Non-Competition: . Executive may advise, lend money, manage, control, --------------- trade, sell, lease, license or otherwise own technology in any private ------- company, --------------- however, Executive's ownership interest may not directly or ------- ------- indirectly exceed ------- 20% of the total issued and outstanding shares of any one company whether said company is or is not in direct competition with the Company. Executive Employee shall be permitted to own up to 5% of the issued and outstanding shares of capital stock of any corporation which has a class of equity securities registered under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Executive Employment Agreement (Divot Golf Corp)

NON-COMPETITION AND NON. Interference ------------------------------------ 8.1 Non-Competition: Executive may advise, lend money, manage, control, --------------- trade, sell, lease, license or otherwise own technology in any private ------- company, however, Executive's ownership interest may not directly or ------- ------- indirectly exceed 2050% of the total issued and outstanding shares of any one company whether said company is or is not in direct competition with the Company. Executive shall be permitted to own up to 5% of the issued and outstanding shares of capital stock of any corporation which has a class of equity securities registered under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Executive Employment Agreement (Divot Golf Corp)

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NON-COMPETITION AND NON. Interference ------------------------------------ 8.1 Non-Competition: Executive may advise, lend money, manage, control, --------------- trade, sell, lease, license or otherwise own technology in any private ------- company, however, Executive's ownership interest may not directly or ------- ------- indirectly exceed 2070% of the total issued and outstanding shares of any one company whether said company is or is not in direct competition with the Company. Executive shall be permitted to own up to 570% of the issued and outstanding shares of capital stock of any corporation which has a class of equity securities registered under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Executive Employment Agreement (Divot Golf Corp)

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