Common use of Participation in a Competing Business Clause in Contracts

Participation in a Competing Business. During the Term and for two (2) years after the Executive's employment with the Company ends (regardless of whether the Executive's employment ends at the end of the Term or at some other point before or after the end of the Term), the Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder,' employee, consultant, or agent; PROVIDED HOWEVER, that the Executive may acquire and passively own an interest not exceeding five percent (5%) of the total equity interest in any company (whether or not such company is a Competing Business).

Participation in a Competing Business. During the Term and for two (2) years after the Executive's employment with the Company ends (regardless of whether the Executive's employment ends at the end of the Term or at some other point before or after the end of the Term), the Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder,' employee, consultant, or agent; PROVIDED HOWEVER, that the Executive may acquire and passively own an interest not exceeding five percent (55 %) of the total equity interest in any company (whether or not such company is a Competing Business).

Participation in a Competing Business. During the Term and for two (2) years after the Executive's employment with the Company ends (regardless of whether the Executive's employment ends at the end of the Term or at some other point before or after the end of the Term), the Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder,' employee, consultant, or agent; PROVIDED HOWEVER, that the Executive may acquire and passively own an interest not exceeding five percent (5%) of the total equity interest in any company (whether or not such company is a Competing Business).

Participation in a Competing Business. During the Term and for two eighteen (218) years months after the Executive's employment with the Company Bank, InterWest, or any Subsidiary of InterWest ends (regardless of whether the Executive's employment ends at the end of the Term or at some other point before or after the end of the Term), the Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder,' " employee, consultant, or agent; PROVIDED PROVIDED, HOWEVER, that the Executive may acquire and passively own an interest not exceeding five percent (5%) 2% of the total equity interest in any company entity (whether or not such company entity is a Competing Business).. (b)