Common use of Certain Ownership Interests Clause in Contracts

Certain Ownership Interests. It shall not be deemed to be a violation of Section 8.1(a) for Employee to: (i) own, directly or indirectly, one percent (1%) or less of a publicly-traded entity; or (ii) own, directly or indirectly, less than five percent (5%) of a privately-held business or company, if Employee is at all times a passive investor with no board representation, management authority or other special rights to control operations of such business or company. Base Salary: $425,000.00. Performance Bonus: Up to Seventy-Five Percent (75%) of Employee’s Base Salary based upon Employee meeting certain goals and objectives, as set forth by Employee’s Supervisor.

Certain Ownership Interests. It shall not be deemed to be a violation of Section 8.1(a) for Employee to: (i) own, directly or indirectly, one percent (1%) or less of a publicly-traded entity; or (ii) own, directly or indirectly, less than five percent (5%) of a privately-held business or company, if Employee is at all times a passive investor with no board representation, management authority or other special rights to control operations of such business or company. Base Salary: $425,000.00450,000.00. Performance Bonus: Up to Seventy-Five Percent (75%) of Employee’s Base Salary based upon Employee meeting certain goals and objectives, as set forth by Employee’s Supervisor.