Common use of Passive Interest Clause in Contracts

Passive Interest. Nothing in this Non-Competition Agreement prevents the Directors from owning 5% or less of any class of security of a Competing Business.

Appears in 3 contracts

Samples: Non Competition Agreement (Columbia Banking System Inc), Non Competition Agreement (Columbia Banking System Inc), Non Competition Agreement (Intermountain Community Bancorp)

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Passive Interest. Nothing Notwithstanding anything to the contrary contained herein, nothing in this Non-Competition Agreement prevents the Directors shall prevent a Director from owning 5% or less of any class of security of a Competing Business.

Appears in 2 contracts

Samples: Non Competition Agreement (Glacier Bancorp Inc), Non Competition Agreement (Glacier Bancorp Inc)

Passive Interest. Nothing in this Non-Competition Agreement prevents the Directors a Director from owning 5% or less of any class of security of a Competing Business.

Appears in 1 contract

Samples: Non Competition Agreement (Glacier Bancorp Inc)

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Passive Interest. Nothing in this Non-Competition Agreement prevents the Directors a Director from owning 5% 5 percent or less of any class of security of a Competing Business.

Appears in 1 contract

Samples: Non Competition Agreement (Columbia Banking System Inc)

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