Passive Interest. Nothing in this Agreement prevents a Director from passively owning, directly or indirectly, individually or in the aggregate (including without limitation by being a member of a group within the meaning of Rule 13d-5 under the Exchange Act) 2% or less of any class of security of a Competing Business or securities of any Competing Business that has a class of securities registered pursuant to the Exchange Act.
Appears in 3 contracts
Samples: Non Competition and Non Solicitation Agreement (Intermountain Community Bancorp), Voting and Non Competition Agreement (Columbia Banking System Inc), Voting and Non Competition Agreement (Intermountain Community Bancorp)
Passive Interest. Nothing in this Agreement prevents a Director from passively owning, directly or indirectly, individually or in the aggregate (including without limitation by being a member of a group within the meaning of Rule 13d-5 under the Exchange ActAct (as defined below)) 2% or less of any class of security of a Competing Business or securities of any Competing Business that has a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended (the βExchange Actβ).
Appears in 1 contract
Samples: Voting and Non Competition Agreement (Columbia Banking System Inc)
Passive Interest. Nothing in this Agreement prevents a the Director from passively owning, directly or indirectly, individually or in the aggregate (including without limitation by being a member of a group within the meaning of Rule 13d-5 under the Exchange Act) 2), 3% or less of any class of security of a Competing Business or securities of any Competing Business that has a class of securities registered pursuant to the Exchange Act.
Appears in 1 contract
Samples: Voting and Non Competition Agreement (Pacific Continental Corp)
