Passive Investment definition
Passive Investment means an investment in a business or entity which does not require the Executive to render any services in the operations or affairs of such business or entity and which does not materially adversely affect or interfere with the performance of the Executive’s duties and obligations to the Company or any of its subsidiaries or affiliates.
Passive Investment means any investments by Participant of any kind, including, without limitation, stocks or other equity, bonds, commodities, derivatives, debt or real estate, so long as (a) such investment is not received by Participant as compensation or consideration for activities (including licensing or assignment of rights) in the Field, (b) Participant is not obligated to provide any services related to the Field in connection with such investment (or the business or commercial venture related to such investment) and (c) the business or commercial venture related to such investment does not use Participant’s Persona in its legal name or “dba,” or in any material respect in its marketing, advertising or promotion. For the avoidance of doubt, revenues, investment returns or other amounts received by Participant arising from Passive Investments are not Brand Income.
Passive Investment means any direct or indirect investment where the investing Person does not possess, directly or indirectly, the power to direct or cause the direction of the management or policies of any Person, or the power to veto major policy decisions of such Person, whether through the ownership of voting securities, by agreement, or otherwise.
Examples of Passive Investment in a sentence
In the event that the Board determines in good faith that the Company shall pursue such Proposed Passive Investment, Parent shall refrain from pursuing such Proposed Passive Investment.
By way of example, if the stated amount of the Security LC equals $6,000,000 and ADA makes a Passive Investment such that the New Investment Security Amount is $2,000,000, ADA may, at its election, reduce the stated amount of the Security LC to $5,000,000 for so long as the New Investment Security Amount equals or exceeds $1,000,000.
Passive Investment 2014-10-17 SC 13D/A GD / General Dynamics Corp.
In general, this category is intended to reduce the burden of meeting obligations under the Agreement for closely held Passive Investment Vehicles that fall within the definition of an Investment Entities, where meeting the obligations under the Agreement would be onerous given the size of the entity.
Nothing in this Section 8.1 shall prohibit the Executive from acquiring or holding any Passive Investment.
More Definitions of Passive Investment
Passive Investment means an investment which is a purely financial investment and does not grant the Shareholder or its Affiliates any Control over the investee entity, and does not grant them the right to nominate any director on the board of directors of the investee entity, and does not effectively, result in the shareholding of the Shareholder and/or its Affiliates becoming 10% (ten per cent) or more in the share capital of the investee entity on a Fully Diluted Basis.
Passive Investment means any investments by Participant in stocks or other equity, bonds, commodities, derivatives, debt or real estate, so long as (a) such investment is not received by Participant as compensation or consideration for activities (including licensing or assignment of rights) in the Field, (b) Participant is not obligated to provide any services related to the Field in connection with such investment (or the business or commercial venture related to such investment) and (c) the business or commercial venture related to such investment does not use Participant’s Persona in its legal name or “dba,” or in connection with its marketing, advertising or promotion.
Passive Investment is an investment where (1) Executive beneficially holds an equity interest in such investment which is no greater than 5% of all equity interests in such entity or venture, whether or not such entity or venture is subject to the reporting requirements of the Exchange Act and (2) Executive's return is based in all material aspects upon the money or other assets invested and as to which no services are provided;
Passive Investment means: (i) ownership of up to two percent of any class of securities of a company regularly traded on a national stock exchange or other public market; or (ii) ownership of unlisted securities of a company of less than 50% (on a fully diluted basis), subject to: (A)the Executive not having the right or ability to control or influence the management or decisions (directly or indirectly) of such company, (B) the Executive not having any rights to appoint a nominee, or any right to being appointed, on the board of such company, and (C) the Executive not having any other role in such company, except that of a shareholder holding minority shares in such company.
Passive Investment means any investment or interest in index funds, mutual funds, retirement funds or accounts, real estate investment trusts and other investment vehicles, funds, trusts or accounts for which a Person is a passive investor or has granted non-discretionary account authority.
Passive Investment means an investment in any of the following:
Passive Investment means a purely financial involvement in an organization for which the individual performs no managerial functions, provides no advice, and has no ability to influence the policies, products or business of the outside organization. Passive Investments include ownership of shares in a public or private company, whether held individually, in a 401K plan or as an investment in a stock mutual fund or stock market index fund.