Passive Interest. Nothing in this Agreement prevents the Executive 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 Securities Exchange Act of 1934, as amended) 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: Employment Agreement (Intermountain Community Bancorp), Employment Agreement (Intermountain Community Bancorp), Severance Agreement (Intermountain Community Bancorp)
Passive Interest. Nothing in this Agreement prevents the Executive a Principal 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 Securities Exchange Act of 1934, as amendedAct) 2% or less of (a) any class of security of a Competing Business or (b) securities of any Competing Business that has a class of securities registered pursuant to the Exchange Act.
Appears in 1 contract
Samples: Non Competition, Non Disclosure and Non Solicitation Agreement (Hope Bancorp Inc)
