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 Executive 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 Executive 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. 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. 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. 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. 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%.
Passive Investments. No Member’s ownership of not more than 4.99% of any class of equity securities of any Entity having such class of equity securities actively traded on a national securities exchange shall be deemed, in and of itself, to violate the prohibitions set forth in Section 5.1(a) hereof.
Passive Investments. This agreement shall not be interpreted to prohibit Bill Xxxxxx xxxm making passive personal investments or conducting private business affairs if those activities do not interfere with the services required under this agreement. However, Bill Xxxxxx xxxll not directly or indirectly acquire, hold, or retain any interest in any business competing with or similar in nature to the business of Flotek.
Passive Investments. 32 -------------------
