Common use of RIGHT TO INVEST Clause in Contracts

RIGHT TO INVEST. Nothing in this Agreement is intended or shall be construed to limit Employee's right (i) to engage in passive personal investments, including, but not limited to, holding as an investment not more than five percent (5%) of any class of the issued and outstanding and publicly traded (on a recognized national or regional securities exchange or in the over-the-counter market) capital stock or other securities of any corporation or other entity that conducts activities that compete with the business of Company or any affiliate of Company; or (ii) to invest, individually or with others, in oil and gas prospects, subject, however, in the case of oil and gas prospects to the following conditions: 12.1 Company must have first had the right and opportunity to purchase all of the interest in any prospect made available to Employee, even if this would preclude Employee's participation. 12.2 Company must have made known its election either to participate in less than the full interest made available to Employee and have no desire to acquire an additional interest, or declined to participate at all in the prospect. If Company elects to participate in less than the full interest made available to Employee, Employee may invest in the portion of such interest not acquired by Company. 12.3 Employee must purchase his interest in the oil and gas prospect on terms which are no more favorable than those made available to Company.

RIGHT TO INVEST. Nothing in this Agreement is intended or shall be construed to limit Employee's ’s right (i) to engage in passive personal investments, including, but not limited to, holding as an investment not more than five percent (5%) of any class of the issued and outstanding and publicly traded (on a recognized national or regional securities exchange or in the over-the-counter market) capital stock or other securities of any corporation or other entity that conducts activities that compete with the business of Company or any affiliate of Company; or (ii) to invest, individually or with others, in oil and gas prospects, subject, however, in the case of oil and gas prospects to the following conditions: 12.1 11.1 Company must have first had the right and opportunity to purchase all of the interest in any prospect made available to Employee, even if this would preclude Employee's ’s participation. 12.2 11.2 Company must have made known its election either to participate in less than the full interest made available to Employee and have no desire to acquire an additional interest, or declined to participate at all in the prospect. If Company elects to participate in less than the full interest made available to Employee, Employee may invest in the portion of such interest not acquired by Company. 12.3 11.3 Employee must purchase his interest in the oil and gas prospect on terms which are no more favorable than those made available to Company.

RIGHT TO INVEST. Nothing in this Agreement is intended or shall be construed to limit Employee's right (i) to engage in passive personal investments, including, but not limited to, holding as an investment not more than five percent (5%) of any class of the issued and outstanding and publicly traded (on a recognized national or regional securities exchange or in the over-the-counter market) capital stock or other securities of any corporation or other entity that conducts activities that compete with the business of Company or any affiliate of Company; or (ii) to invest, individually or with others, in oil and gas prospects, subject, however, in the case of oil and gas prospects to the following conditions: 12.1 11.1 Company must have first had the right and opportunity to purchase all of the interest in any prospect made available to Employee, even if this would preclude Employee's participation. 12.2 11.2 Company must have made known its election either to participate in less than the full interest made available to Employee and have no desire to acquire an additional interest, or declined to participate at all in the prospect. If Company elects to participate in less than the full interest made available to Employee, Employee may invest in the portion of such interest not acquired by Company. 12.3 11.3 Employee must purchase his interest in the oil and gas prospect on terms which are no more favorable than those made available to Company.

RIGHT TO INVEST. Nothing in this Agreement is intended or shall be construed to limit Employee's right (i) to engage in passive personal investments, including, but not limited to, holding as an investment not more than five percent (5%) of any class of the issued and outstanding and publicly traded (on a recognized national or regional securities exchange or in the over-the-the- counter market) capital stock or other securities of any corporation or other entity that conducts activities that compete with the business of Company or any affiliate of Company; or (ii) to invest, individually or with others, in oil and gas prospects, subject, however, in the case of oil and gas prospects to the following conditions: 12.1 Company must have first had the right and opportunity to purchase all of the interest in any prospect made available to Employee, even if this would preclude Employee's participation. 12.2 Company must have made known its election either to participate in less than the full interest made available to Employee and have no desire to acquire an additional interest, or declined to participate at all in the prospect. If Company elects to participate in less than the full interest made available to Employee, Employee may invest in the portion of such interest not acquired by Company. 12.3 Employee must purchase his interest in the oil and gas prospect on terms which are no more favorable than those made available to Company.