Permitted Ethanol Investments. Notwithstanding anything herein to the contrary, during his employment Executive may own a passive equity interest of less than one percent in any public ethanol companies; provided, that Executive does not participate in the management of such ethanol company in any capacity (including, but not limited to, director, officer or manager). No such ownership restrictions shall apply to investments in companies that are not engaged in the manufacture of ethanol or any other line of business in which the Company is engaged at the time of such investment, so long as such Executive does not participate in the management of such company in any capacity. Executive may also participate in any ethanol investment opportunities that are approved in advance by the Board.
Appears in 4 contracts
Samples: Executive Employment Agreement (BioFuel Energy Corp.), Executive Employment Agreement (BioFuel Energy Corp.), Executive Employment Agreement (BioFuel Energy Corp.)
