Common use of Public Company Exception Clause in Contracts

Public Company Exception. The prohibitions contained in this Section 6 do not prohibit the Executive’s ownership of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s interest is less than five (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 do not prohibit the Executive’s 's ownership of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s 's interest is less than five (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 do not prohibit the Executive’s ownership of stock which is publicly traded, provided that that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s interest is less than five (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 3 do not prohibit the Executive’s 's ownership of stock which is publicly traded, traded provided that (1i) the investment is passive, (2ii) the Executive has no other involvement with the publicly traded company, (3iii) the Executive’s 's interest is less than five (5%) percent % of the shares of the publicly traded company, and (4iv) the Executive makes full disclosure to the Company of the purchase of the publicly traded stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 do not prohibit the ExecutiveCEO’s ownership of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive CEO has no other involvement with the company, (3) the ExecutiveCEO’s interest is less than five (5%) percent of the shares of the company, and (4) the Executive CEO makes full disclosure to the Company of the stock at the time that the Executive CEO acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 3 do not prohibit the Executive’s ownership of stock which is publicly traded, traded provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s interest is less than five percent (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 SECTION 3 do not prohibit the Executive’s 's ownership of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s 's interest is less than five percent (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 do not prohibit prohibit. the Executive’s ownership of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s interest is less than five (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 3 do not prohibit the Executive’s ownership of stock which is publicly traded, traded provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s interest is less than five (5%) percent % of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

Public Company Exception. The prohibitions contained in this Section 6 SECTION 3 do not prohibit the Executive’s ownership of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive has no other involvement with the company, (3) the Executive’s interest is less than five percent (5%) percent of the shares of the company, and (4) the Executive makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.