Nothing in Sections. 10 and 11 shall prohibit Employee 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 Employee has no active participation in the business of such corporation.
Appears in 4 contracts
Samples: Employment Agreement (Paylocity Holding Corp), Employment Agreement (Paylocity Holding Corp), Employment Agreement (Paylocity Holding Corp)
