Portfolio Exception. Notwithstanding the foregoing, nothing in this Agreement shall prevent the Employee from acquiring and holding, directly or indirectly (and including the holdings of any other person not acting at arm's length with the Employee (as defined in the Income Tax Act (Canada)) not more than five percent (5%) of the outstanding share of any corporation engaged in a Competitive Business if such shares are listed on a stock exchange, provided that the Employee is not a member of the board of directors or an officer or employee of, or consultant to, or otherwise involved with, directly or indirectly, such corporation.
Appears in 6 contracts
Samples: Employment Agreement (Thinweb Com Corp), Employment Agreement (Thinweb Com Corp), Employment Agreement (Thinweb Com Corp)
