Passive Investments. Nothing in this Agreement shall prohibit or restrict the Executive from holding or becoming beneficially interested in up to five percent (5%) of any class of securities in any corporation provided that such class of securities are listed on a recognized stock exchange.
Passive Investments. Nothing contained in this Agreement shall restrict Employee from, directly or indirectly, owning, as a passive investment, two percent (2%) or less of the equity securities of any Person in competition with a member of the Beacon Group, which securities are listed on any national securities exchange or authorized for quotation on the Automated Quotations System of the National Association of Securities Dealers, Inc., as long as Employee has no other business relationship, direct or indirect, with the issuer of such securities.
Passive Investments. The provisions of paragraphs A(1), A(2) and A(3) hereof which prohibit Employee from engaging in certain activities shall not be construed to prevent Employee, as a passive investor, from investing in equity securities, as a stockholder, of publicly traded companies where such stock ownership would not be in conflict with Employee's duties, loyalties, and ongoing obligations under this Employment Agreement. Employee agrees that AVEMCO shall have the right to decide whether such conflict exists should there be any question regarding the same. This Attachment attaches to and forms a part of the Employment Agreement dated July 1, 1994 between AVEMCO and Employee. -------------- EMPLOYEE AVEMCO CORPORATION /s/ Xxxxxx X. Xxxxxx By /s/ Xxxx X. Xxxxxxx, Xx. ------------------------------ ----------------------------- Xxxxxx X. Xxxxxx President Xxxx X. Xxxxxxx, Xx. XXXXXXXXXX X-0 EMPLOYER: AVEMCO CORPORATION EMPLOYEE: XXXXXX X. XXXXXX ------------------ ---------------- DEFINITION OF BUSINESS For the purposes of the Employment Agreement referenced below, the "Business" includes each of the following paragraphs checked below: 2, 3, 5 --------
Passive Investments. Employee shall not engage in any passive or active investment in or reasonably relating to the acquisition, development, construction or management of multifamily apartment properties, with the exception of ownership of up to one (1) percent of the securities of any publicly-traded companies involved in such activities.
Passive Investments. Notwithstanding the foregoing, Executive may own interests of less than five percent of the outstanding equity securities of a company that is engaged in a business otherwise prohibited under subsection 5.1 if the equity securities of such company are registered under the Securities Exchange Act of 1934 or publicly traded under similar laws of any other country.
Passive Investments. During the term of Employment Period, notwithstanding anything contained herein to the contrary, Executive is not prohibited by this Section 8 from making investments in any entity that engages, directly or indirectly, in the acquisition, development, construction, operation, management, financing or leasing of office real estate properties, regardless of where they are located if Executive's aggregate investment in such entity constitutes less than one percent (1%) of the equity ownership of such entity.
Passive Investments risks Some Products are not “actively managed” and therefore the Manager will not adopt any temporary defensive position when the Index moves in an unfavourable direction. In such circumstances the Products will also decrease in value. Disclaimer This document does not disclose all risks and features of the common types of derivative products (“exchange -traded derivative products”) mentioned herein which are traded on the Hong Kong Exchanges and Clearing Limited (the “HKEx”). This document has been issued by CMB International Securities Limited (“CMBIS”) for reference and information purposes only. You should not rely on this document alone to make any investment decision but should read carefully the related offering documentation and any other relevant documentation, in particular, detailed risks relating to each product contained in such documents. You should not deal in exchange -traded derivative products unless you understand the nature of the product and the extent of the exposure to risk. CMBIS will not be responsible or liable for any loss caused by the investment in any products mentioned herein. You should not only consider the information contained neither in this document nor in the offering documentation but should also consider your own financial position and particular circumstances before making any investment decision. In case of doubt, you are strongly advised to obtain independent professional advice. The information contained in this document regarding exchange -traded derivative products are based on the information available on the websites of The Securities and Futures Commission (the“SFC”), the HKEx and the Hong Kong Monetary Authority (the “HKMA ” )etc. For more detailed information regarding financial derivative products, you can refer to the websites of the SFC (xxx.xxx.xx/xxx/xxxx/XX), the HKEx (xxx.xxxx.xxx.xx/xxx/xxxxx.xxx ) and the HKMA (xxx.xxxx.xxx.xx/xxxx/). This document does not constitute, nor is it intended to be nor should it be construed as offer or solicitation to invest in any of the products mentioned herein. This document is not intended to be distributed to persons in the jurisdiction or countries that will violate the law or regulation, and it is not intended to be used by such persons.
Passive Investments. The Company acknowledges and agrees that the Executive is entitled to make passive investments in stocks and securities provided that where the investment is in a public company, the relevant interest of the Executive or an associate is less than 5%. Executive Service Agreement
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Passive Investments. Anything to the contrary notwithstanding, during the term of this Agreement and thereafter, Executive may continue to expend a limited portion of his working time and may continue to invest as a passive investor in any real estate project or venture so long as (i) such investment does not require Executive to devote to such investment (or anything related thereto) any significant portion of his working time and (ii) such real estate project or venture does not involve the development, construction, operation, management, purchase or sale of a shopping center with more than 25,000 rentable square feet; provided, that any and all proceeds, fees and income from said investments shall be received directly by Executive, free from any claim by Employer.
