Common use of Stock Ownership Clause in Contracts

Stock Ownership. Notwithstanding anything in this Article 7 to the contrary, Executive shall not be prohibited from owning in excess of 2% in the aggregate of any class of capital stock of any corporation if such stock is publicly traded and listed on any national or regional stock exchange or on the NASDAQ market system.

Appears in 23 contracts

Samples: Employment Agreement (Northern Tier Energy LP), Employment Agreement (Northern Tier Energy LP), Employment Agreement (Western Refining, Inc.)

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Stock Ownership. Notwithstanding anything in this Article 7 ‎6 to the contrary, Executive shall not be prohibited from owning in excess of 2% in the aggregate of any class of capital stock of any corporation if such stock is publicly traded and listed on any national or regional stock exchange or on the NASDAQ market system.

Appears in 1 contract

Samples: Employment Agreement (Northern Tier Energy LP)

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