Common use of Restricted Business Clause in Contracts

Restricted Business. The term "Restricted Business" means any business which is engaged in activities which are similar to the Corporation's Business. Nevertheless, the Employee may own less than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities of such corporation are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.

Restricted Business. The term "Restricted Business" means any business which is engaged in activities which are similar to the Corporation's Businessoil and gas exploration, development, drilling, and leasing business. Nevertheless, the Employee may own less not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities of such corporation are listed for trading on a national stock exchange or are registered is a reporting company under the Securities Exchange Act of 1934.

Restricted Business. The term "Restricted Business" means any business which is engaged in activities which are similar to the Corporation's Businessoffering of medical transcription, billing or related services or working for another employer providing medical transcription, billing or related services. Nevertheless, the Employee may own less not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities of such corporation are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.

Restricted Business. The term "Restricted Business" means any business which is engaged in activities which are similar to the Corporation's Businessoffering of medical transcription, billing or related services or working for another employer providing medical transcription, billing or related services. Nevertheless, the Employee may own less not more than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities of such corporation are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.

Restricted Business. The term "Restricted Business" means any business which is engaged in activities selling products and rendering services which are similar directly compete with any product or service of the Corporation, or any prduct or service under development by the Corporation or related to the Corporation's Business's. Nevertheless, the Employee may own less than five percent of the outstanding equity securities of a corporation that is engaged in the Restricted Business if the equity securities of such corporation are listed for trading on a national stock exchange or are registered under the Securities Exchange Act of 1934.