Common use of Participation in a Competing Business Clause in Contracts

Participation in a Competing Business. During the period Executive is employed by Pacific and for twelve (12) months after Executive’s employment with Pacific terminates, 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 Executive may acquire and passively own an interest not exceeding 1% of the total equity interest in any Competing Business.

Participation in a Competing Business. During the period Executive is employed by Pacific and for twelve (12) months after Executive’s employment with Pacific terminates, 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 Executive may acquire and passively own an interest not exceeding 12% of the total equity interest in any Competing Business.

Participation in a Competing Business. During the period Executive is employed by Pacific and for twelve (12) months after Executive’s 's employment with Pacific terminates, 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 Executive may acquire and passively own an interest not exceeding 12% of the total equity interest in any Competing Business.

Participation in a Competing Business. During the period Executive is employed by Pacific and for twelve (12) months after Executive’s 's employment with Pacific terminates, 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 Executive may acquire and passively own an interest not exceeding 1% of the total equity interest in any Competing Business.