Passive Investments. Nothing contained in this Agreement shall restrict Employee from, directly or indirectly, owning, as a passive investment, two percent (2%) or less of the equity securities of any Person in competition with a member of the Beacon Group, which securities are listed on any national securities exchange or authorized for quotation on the Automated Quotations System of the National Association of Securities Dealers, Inc., as long as Employee has no other business relationship, direct or indirect, with the issuer of such securities.
Appears in 3 contracts
Samples: Restrictive Covenant Agreement, Restrictive Covenant Agreement (Beacon Roofing Supply Inc), Restrictive Covenant Agreement (Beacon Roofing Supply Inc)
Passive Investments. Nothing contained in this Agreement shall restrict Employee Executive from, directly or indirectly, owning, as a passive investment, two percent (2%) or less of the equity securities of any Person in competition with a member of the Beacon Group, which securities are listed on any national securities exchange or authorized for quotation on the Automated Quotations System of the National Association of Securities Dealers, Inc., as long as Employee Executive has no other business relationship, direct or indirect, with the issuer of such securities.
Appears in 3 contracts
Samples: Restrictive Covenant Agreement (Beacon Roofing Supply Inc), And Restrictive Covenant Agreement (Beacon Roofing Supply Inc), And Restrictive Covenant Agreement (Beacon Roofing Supply Inc)
