Nothing in Sections. 10 and 11 shall prohibit Executive from being (i) a stockholder in a mutual fund or a diversified investment company or (ii) an owner of not more than two percent of the outstanding stock of any class of a corporation, any securities of which are publicly traded, so long as Executive has no active participation in the business of such corporation.
Appears in 6 contracts
Samples: Executive Employment Agreement (Paylocity Holding Corp), Executive Employment Agreement, Executive Employment Agreement (Paylocity Holding Corp)
Nothing in Sections. 10 11 and 11 12 shall prohibit Executive from being (i) a stockholder in a mutual fund or a diversified investment company or (ii) an owner of not more than two percent of the outstanding stock of any class of a corporation, any securities of which are publicly traded, so long as Executive has no active participation in the business of such corporation.
Appears in 3 contracts
Samples: Executive Employment Agreement, Executive Employment Agreement (Paylocity Holding Corp), Executive Employment Agreement (Paylocity Holding Corp)
