Common use of Conflict of Interest Prohibition Clause in Contracts

Conflict of Interest Prohibition. 10.1 The Employee shall not without the express prior approval of the Township Board, individually, as a partner, joint venture, officer or shareholder, invest or participate in any business venture conducting business in the corporate limits of the Township, except for stock ownership in any company whose capital stock is publicly held and regularly traded. 10.2 Except for purchase of a personal residence, the Employee shall not own or invest in any real property within the corporate limits of the Township, without prior notification to the Township Board.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement

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Conflict of Interest Prohibition. 10.1 The Employee shall not without the express prior approval of the Township Board, individually, as a partner, joint venture, officer officer, or shareholder, invest or participate in any business venture conducting business in within the corporate limits of the Township, except for stock ownership in any company whose capital stock is publicly held and regularly traded. 10.2 Except for purchase of a personal residence, the Employee Police Chief shall not own or invest in any real property within the corporate limits of the Township, without prior notification to to, and approval from, the Township Board.

Appears in 1 contract

Samples: Employment Agreement

Conflict of Interest Prohibition. 10.1 The Employee shall not without the express prior approval of the Township Board, individually, as a partner, joint venture, officer or shareholder, invest or participate in any business venture conducting business in within the corporate limits of the Township, except for stock ownership in any company whose capital stock is publicly held and regularly traded. 10.2 Except for purchase of a personal residence, the Employee shall not own or invest in any real property within the corporate limits of the Township, without prior notification to the Township Board.

Appears in 1 contract

Samples: Employment Agreement

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Conflict of Interest Prohibition. 10.1 The Employee shall not without the express prior approval of the Township Board, individually, as a partner, joint venture, officer or shareholder, invest or participate in participate in any business venture conducting business in within the corporate limits of the Township, except for stock ownership in any company whose capital stock is publicly held and regularly traded. 10.2 Except for purchase of a personal residence, the Employee shall not own or invest in any real property within the corporate limits of the Township, without prior notification to the Township Board.

Appears in 1 contract

Samples: Employment Agreement

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