Passive Interest. The Restrictions shall not be construed to limit in any manner Employee's right to maintain a passive ownership interest of less than five (5%) percent of any class of outstanding securities in any entity, the securities of which are traded on a national exchange, which may compete with Company, so long as Employee shall not have the right or power to elect a member of the Board of Directors of such entity or to otherwise control the actions of such entity.
Appears in 4 contracts
Samples: Employment Agreement (Cartesian, Inc.), Employment Agreement (Management Network Group Inc), Employment Agreement (Management Network Group Inc)
