Disclosing Conflicts of Interest. Should any director of the Company have actual knowledge that he or his Affiliates is pursuing a Renounced Business Opportunity also pursued by the Company, he shall disclose to the Company’s board of directors that he may have a conflict of interest, so that the board of directors may consider his withdrawal from discussions in board deliberations, as appropriate.
Appears in 6 contracts
Samples: Business Opportunities Agreement (Cinco Resources, Inc.), Business Opportunities Agreement (Oasis Petroleum Inc.), Business Opportunities Agreement (GeoMet, Inc.)
Disclosing Conflicts of Interest. Should any director of the Company have actual knowledge that he or she or his or her Affiliates (other than the Company or any Subsidiary of the Company) is pursuing a Renounced Business Opportunity also pursued by the Company (or any Subsidiary of the Company), he or she shall disclose to the Company’s board of directors that he or she may have a conflict of interest, so that the board of directors may consider requesting his or her withdrawal from discussions in board deliberations, or abstention from voting on a particular matter before the board, as appropriate.
Appears in 1 contract
Samples: Business Opportunity Agreement (Crusader Energy Group Inc.)
