No Competitive Activity. Absent the Committee's written consent, Grantee shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities for or on behalf of any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee is only a passive investor and is not actively involved in such company in any way.
Appears in 24 contracts
Samples: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)
No Competitive Activity. Absent the Committee's ’s written consent, Grantee shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities for or on behalf of any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee is only a passive investor and is not actively involved in such company in any way.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc), Vested Restricted Stock Unit Agreement (Suntrust Banks Inc)
No Competitive Activity. Absent the Compensation Committee's ’s written consent, Grantee Executive shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities Responsibilities, for or on behalf of of, any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee Executive may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee Executive is only a passive investor and is not actively involved in such company in any way.
Appears in 2 contracts
Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)
No Competitive Activity. Absent the Compensation Committee's written consent, Grantee Executive shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities Responsibilities, for or on behalf of of, any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee Executive may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee Executive is only a passive investor and is not actively involved in such company in any way.
Appears in 1 contract
No Competitive Activity. Absent the Committee's written consent, Grantee shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities for or on behalf of any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee is only a passive investor and is not actively involved in such company in any way.. TERMS AND CONDITIONS - RESTRICTED STOCK UNIT AGREEMENT
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Suntrust Banks Inc)
No Competitive Activity. Absent the Committee's written consent, Grantee shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities for or on behalf of any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee is only a passive investor and is not actively involved in such company in any way.. TERMS AND CONDITIONS RESTRICTED STOCK UNIT AGREEMENT
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Suntrust Banks Inc)
