Common use of Personal Investments Clause in Contracts

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the Company, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx 0X and in Paragraph 13 hereof shall mean the business conducted by the Company or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (a "Subsidiary").

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the Company, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx 0X Paragraph 5C and in Paragraph 13 12 hereof shall mean the business conducted by xxxxxxxxx xx the Company or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (a "Subsidiary").

Personal Investments. Nothing herein shall preclude you from having, making, making or managing personal investments which do not involve your limited active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the CompanyDirectors, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "“conducted by the Company" ” as used in this Pxxxxxxxx 0X and in Paragraph 13 hereof shall mean the business conducted by the Company, by any corporation in which the Company owns fifty percent (50%) or more of the stock (either voting or non-voting), or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (each a "“Subsidiary"”).

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the CompanyDirectors, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx Paraxxxxx 0X and xxx in Paragraph 13 hereof shall mean the business conducted by the Company or by any corporation or other entity in which the Company owns stock possessing fifty percent (50%) or more of the stock (either voting or non-voting) in such corporation or fifty percent (50%) or more of the equity interests (either voting or non-voting) in such other entity (a "Subsidiary").

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the CompanyDirectors, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx 0X Paragraph 6C and in Paragraph 13 hereof shall mean the business conducted by cxxxxxxxx xx the Company or by any corporation or other entity in which the Company owns stock possessing fifty percent (50%) or more of the stock (either voting or non-voting) in such corporation or fifty percent (50%) or more of the equity interests (either voting or non-voting) in such other entity (a "Subsidiary").

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the CompanyDirectors, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx 0X Paragraph 5C and in Paragraph 13 12 hereof shall mean the business conducted conxxxxxx xx xxx Company, by any corporation in which the Company owns fifty percent (50%) or more of the stock (either voting or non-voting), or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (collectively "Subsidiaries," individually a "Subsidiary").

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the Company, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx 0X Paragraph 6C and in Paragraph 13 hereof shall mean the business xxx xxxxxxxs conducted by the Company or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (a "Subsidiary").

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the Company, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "“conducted by the Company" ” as used in this Pxxxxxxxx Xxxxxxxxx 0X and in Paragraph 13 12 hereof shall mean the business conducted by the Company or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (a "“Subsidiary"”).

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the CompanyDirectors, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "“conducted by the Company" ” as used in this Pxxxxxxxx 0X and in Paragraph 13 12 hereof shall mean the business conducted by the Company, by any corporation in which the Company owns fifty percent (50%) or more of the stock (either voting or non-voting), or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (collectively “Subsidiaries,” individually a "“Subsidiary"”).

Personal Investments. Nothing herein shall preclude you from having, making, or managing personal investments which do not involve your active participation in the affairs of the entities in which you so invest, but, unless approved in writing by the Board of Directors of the Company, during the term of your employment hereunder, you shall not have more than a one percent (1%) ownership interest in any entity which is directly competitive with any business conducted by the Company at that time. The phrase "conducted by the Company" as used in this Pxxxxxxxx 0X Paragraph 5C and in Paragraph 13 12 hereof shall mean the business conducted by the condxxxxx xx xxx Company or by any corporation or other entity in which the Company owns fifty percent (50%) or more of the stock or equity interests (either voting or non-voting) in such other entity (a "Subsidiary").