Common use of Outside Interests Clause in Contracts

Outside Interests. 5.1. Subject to Sections 5.2 through 5.3, Executive shall not (except as a representative of the Company or with the prior written approval of the CEO) be directly or indirectly engaged in any other business, trade, profession or occupation, whether paid or unpaid. 5.2. Notwithstanding Section 5.1, Executive may hold (as a passive investment by way of shares or other securities) up to 3% of the voteable shares in another publicly traded company that is listed on any recognized stock exchange. 5.3. Subject to the prior written approval by the CEO, Executive will be able to undertake one external non-executive director role.

Appears in 4 contracts

Samples: Employment Agreement (Ferguson PLC), Employment Agreement (Ferguson PLC), Employment Agreement (Ferguson PLC)

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