Common use of APPLICABILITY OF POLICY TO Clause in Contracts

APPLICABILITY OF POLICY TO. INSIDE INFORMATION REGARDING OTHER COMPANIES This policy and the guidelines described herein also apply to Material Nonpublic Information relating to other companies, including the Company's customers, vendors, suppliers or acquisition candidates ("business partners"), when that information is obtained in the course of employment with, or other services performed on behalf of, the Company. Civil and penalties, and termination of employment, may result from trading on inside information regarding the Company's business partners. All employees should treat Material Nonpublic information about the company's business partners with the same care required with respect to information related directly to the Company. DEFINITION OF MATERIAL N0N PUBLIC INFORMATION It is not possible to define all categories of material information. However, information should be regarded as material if there is a reasonable likelihood that it would be considered important to an investor in making an investment decision regarding the purchase or sale of the Company's securities. While it may be difficult under this standard to determine whether particular information is material there are various categories of information that are particularly sensitive and, as a general rule, should always be considered material. Examples of such information may include: Financial results Projections of future earnings or losses News of a pending or proposed merger News of a pending or proposed significant acquisition News of the disposition of a subsidiary Impending bankruptcy or financial liquidity problems Gain or loss of a substantial customer or supplier Changes in dividend policy New product announcements of a significant nature Significant product defects or modifications Significant pricing changes Stock splits New equity or debt offerings Major acquisitions Significant litigation exposure due to actual or threatened litigation Major changes in senior management Either positive or negative information may be material. Non public information is information that has not been previously disclosed to the general public and is otherwise not readily available to the general public.