Common use of Stock Ownership Clause in Contracts

Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Employee and members of his immediate family do not own more than five percent (5 %) of any voting securities of any company engaged in the Business.

Appears in 5 contracts

Samples: Executive Employment Agreement (Entertainment Inc), Executive Employment Agreement (Entertainment Inc), Executive Employment Agreement (Entertainment Inc)

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Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Employee and members of his immediate family do not own more than five percent (5 5%) of any voting securities of any company engaged in the Business.

Appears in 2 contracts

Samples: Executive Employment Agreement (Poland Communications Inc), Executive Employment Agreement (Poland Communications Inc)

Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period six months subsequent to his termination Employee and members of his immediate family do not own more than five percent (5 5%) of any voting securities of any company engaged in the Businesssame type of business of the Company.

Appears in 2 contracts

Samples: Acquisition Agreement (Capitol Multimedia Inc /De/), Employment Agreement (Capitol Multimedia Inc /De/)

Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Employee and members of his immediate family do not own more than five percent (5 5%) of any voting securities of any company engaged in the Businesssame type of business as the Company.

Appears in 2 contracts

Samples: Employment Agreement (Omega Flex, Inc.), Employment Agreement (Omega Flex, Inc.)

Stock Ownership. Nothing in this Agreement shall prohibit Employee Consultant from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Employee six months subsequent to his termination Consultant and members of his immediate family do not own more than five XXXXX percent (5 %XXX%) of any voting securities of any company engaged in the Businesssuch company.

Appears in 1 contract

Samples: Reorganization Agreement (Celerity Solutions Inc)

Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Employee and members of his immediate family do not own more than five percent (5 %) of any voting securities of any company engaged in the Business.

Appears in 1 contract

Samples: Stock Purchase Agreement (Precision Systems Inc)

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Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Period, Employee and members of his immediate family do not own more than five percent (5 5%) of any voting securities of any company engaged in the Businesssame type of business as the Company.

Appears in 1 contract

Samples: Employment Agreement (Omega Flex, Inc.)

Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any securities of any company listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during employment and for the Restricted Period six months subsequent to termination, Employee and members of his her immediate family do not own more than five percent (5 5%) of any voting securities of any company engaged in the Businesssame type of business of the Company.

Appears in 1 contract

Samples: Employment Agreement (Capitol Multimedia Inc /De/)

Stock Ownership. Nothing in this Agreement shall prohibit Employee from acquiring or holding any issue of stock or securities of any company Person that has any securities registered under Section 12 of the Exchange Act, listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc., provided that at any time during the Restricted Period Inc. so long as (i) Employee and members of his immediate family do not own more than five percent (5 %) of any voting securities of any company engaged in the Business.is not

Appears in 1 contract

Samples: Employment Agreement (Heritage Propane Partners L P)

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