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This excerpt taken from the ATVI 10-Q filed Aug 4, 2005. of Loyalty. During the term of your employment, you will
owe a duty of loyalty to Employer, which includes, but is not limited to, your
not competing in any manner, whether directly or indirectly, as a principal,
employee, agent or owner, with Employer, or any affiliate of Employer, except
that the foregoing will not prevent you from holding at any time less than five
percent (5%) of the outstanding capital stock of any company whose stock is
publicly traded.
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