Common use of Limited Exception Clause in Contracts

Limited Exception. Notwithstanding anything to the contrary above, this Section 4.1 shall not prohibit the ownership by the Employee of up to (but not more than) five percent (5%) of the publicly traded securities of any business specified in Section 4.1(a) or 4.1(b) above (but without otherwise participating in the activities of such business).

Appears in 5 contracts

Samples: And Noncompetition Agreement (Us Xpress Enterprises Inc), Employment and Noncompetition Agreement (Us Xpress Enterprises Inc), Employment and Noncompetition Agreement (Us Xpress Enterprises Inc)

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Limited Exception. Notwithstanding anything to the contrary above, this Section 4.1 shall not prohibit (i) the ownership by the Employee of up to (but not more than) five percent (5%) of the publicly traded securities of any business specified in Section 4.1(a) or 4.1(b) above (but without otherwise participating in the activities of such business).

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Us Xpress Enterprises Inc)

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Limited Exception. Notwithstanding anything to the contrary above, this Section 4.1 shall not prohibit the ownership by the Employee of up to (but not more than) five one percent (5%) of the publicly traded securities of any business specified in Section 4.1(a) or 4.1(b) above (but without otherwise participating in the activities of such business).

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Us Xpress Enterprises Inc)

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