Common use of Restricted Business Clause in Contracts

Restricted Business. The term "Restricted Business" means the design and manufacture of audio processing equipment and the design and manufacture of automation equipment for the radio and television broadcast industry. Nevertheless, the Employee may own not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.

Restricted Business. The term "“Restricted Business" ” means the design and manufacture of audio processing equipment and the design and manufacture of automation and PC based product and equipment for the radio and television broadcast industry. Nevertheless, the Employee may own not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business Employment Agreement Circuit Research Labs, Inc. RXXXXXX X. XXXXXX if the equity securities are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.

Restricted Business. The term "“Restricted Business" ” means the design and manufacture of audio processing equipment and the design and manufacture of automation and PC based product and equipment for the radio and television broadcast industry. Nevertheless, the Employee may own not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business Employment Agreement Circuit Research Labs, Inc. RXXXXX XXXXXXXX if the equity securities are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.

Restricted Business. The term "“Restricted Business" ” means the design and manufacture of audio processing equipment and the design and manufacture of automation and PC based product and equipment for the radio and television broadcast industry. Nevertheless, the Employee may own not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.Business

Restricted Business. The term "Restricted Business" means the design and manufacture of audio processing equipment and the design and manufacture of automation equipment for the radio and television broadcast industry. Nevertheless, the Employee may own not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.. -3- 454902-A1

Restricted Business. The term "“Restricted Business" ” means the design and manufacture of audio processing equipment and the design and manufacture of automation and PC based product and equipment for the radio and television broadcast industry. Nevertheless, the Employee may own not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business Employment Agreement Circuit Research Labs, Inc. PXXXXXXX XXXXX if the equity securities are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.