Common use of Other Business Ventures Clause in Contracts

Other Business Ventures. The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by that during the Company, Term he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged inin business activities that are competitive with the business activities of the Company or any of its divisions, subsidiaries or competitive withaffiliates. The preceding sentence notwithstanding, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national major stock exchange or in the a national over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by that during the CompanyTerm, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter marketsuch entity.

Other Business Ventures. The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of or any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by that during the Company, Term he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged inin business activities that are competitive with the business activities of the Company or any of its divisions, subsidiaries or competitive withaffiliates. The preceding sentence notwithstanding, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national major stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he ----------------------- is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, have any controlling or substantial stock financial or other beneficial interest in any business enterprise which is engaged in, or competitive with, with any business engaged in by the CompanyCompany or any of its Subsidiaries. Notwithstanding the foregoingforegoing or anything contained in Section 4.1 hereof, the Executive may own, directly or indirectly, up to 5% two per cent (2%) of the outstanding capital stock of any such business having a class of capital stock which is traded on any national U.S. or foreign stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by that during the CompanyTerm, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged inin business activities that are competitive with the business activities of the Corporation or any of its divisions, subsidiaries or competitive with, any business engaged in by the Companyaffiliates. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of any business having a class of capital stock which is traded on any national major stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he she is employed by the Company, he she will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by that during the Company, Term ----------------------- he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged inin business activities that are competitive with the business activities of the Company or any of its divisions, subsidiaries or competitive withaffiliates. The preceding sentence notwithstanding, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national major stock exchange or in the a national over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, have any controlling or substantial stock financial or other beneficial interest in any business enterprise which is engaged in, or competitive with, with any business engaged in by the CompanyCompany or any of its Affiliates. Notwithstanding the foregoingforegoing or anything contained in Section 4.1 hereof, the Executive may own, directly or indirectly, up to 5% two percent (2%) of the outstanding capital stock of any such business having a class of capital stock which is traded on any national U.S. or foreign stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as ----------------------- he is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by that during the term of his employment with the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged inin business activities that are competitive with the business activities of the Company or any of its divisions, subsidiaries or competitive with, any business engaged in by the Companyaffiliates. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of any business having a class of capital stock which that is traded on any national major stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as that during the Term he is employed by the Company, he ----------------------- will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged inin business activities that are competitive with the business activities of the Company or any of its divisions, subsidiaries or competitive withaffiliates. The preceding sentence notwithstanding, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national major stock exchange or in the over-the-the- counter market.

Other Business Ventures. The Executive agrees that, so long as he she is employed by the Company, he she will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

Other Business Ventures. The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company, any of its subsidiaries, or its other affiliates (“Affiliates”). Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 51% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.