Limitation on Restrictions. Nothing herein shall prohibit the Executive from: (a) Owning in the aggregate not more than two percent (2%) of the outstanding stock of any corporation which is publicly traded, so long as the Executive has no active participation in the business or management of such corporation; or (b) Having a passive investment as a shareholder, limited partner or other venturer with no active participation in the business or management of a non-public corporation, limited partnership or venture, in either case that may be in competition with the business of the Company as provided in Section 5.01 and 5.02 above.
Appears in 3 contracts
Sources: Employment Agreement (Metromedia International Group Inc), Employment Agreement (Metromedia International Group Inc), Employment Agreement (Metromedia International Group Inc)