Certain Ownership Clause Samples

Certain Ownership. Notwithstanding the provisions of the Noncompete covenant, Section 11.2(a) Fra▇▇ ▇'▇▇▇▇▇▇▇ ▇▇d/or Den▇▇▇ ▇▇▇▇ ▇▇y have an ownership interest as an investor in: (i) a publicly traded company which is engaged in the Retail Pharmacy Business, provided that the aggregate amount of such investment shall not exceed 2% of the issued and outstanding stock of the Company; or (ii) a company which is not publicly traded which is engaged in the Retail Pharmacy Business, provided that, (A) the Retail Pharmacy Business is not the company's primary business (for these purposes the Retail Pharmacy Business will be deemed not primary if its revenues are less than 20% of the company's revenues and the profits generated by the Retail Pharmacy Business are less than 20% of the company's profits); and (B) each of Fra▇▇ ▇'▇▇▇▇▇▇▇ ▇▇d Den▇▇▇ ▇▇▇▇ ▇▇e passive investors and are not actively engaged in the management or operation of the company or serving on the company's board; provided, however, that each may serve on the board of a company described in part (ii) hereof, provided that they do not provide any other services to the Retail Pharmacy Business of such company. It is specifically understood that this exception provides relief only from the Noncompete covenant, and only to the extent provided herein, and that the other Covenants set forth above shall continue to apply in full even with respect to companies in which Messrs. O'D▇▇▇▇▇▇ ▇▇d Ryl▇ ▇▇e permitted to make investments.
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Related to Certain Ownership

  • Changes in Ownership A-E agrees that if there is a change or transfer in ownership, including but not limited to merger by acquisition, of A-E’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume A-E’s duties and obligations contained in this Contract and to obtain the written approval of County of such merger or acquisition, and complete the obligations and duties contained in the Contract to the satisfaction of County. A- E agrees to pay, or credit toward future work, County’s costs associated with processing the merger or acquisition.

  • Change in Ownership Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

  • Foreign Ownership Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Change in Ownership of the Company A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of Control; or