Common use of Disclosure of Conflicts of Interest Clause in Contracts

Disclosure of Conflicts of Interest. To the extent of his reasonable knowledge, from time to time, the Executive shall promptly, fully and frankly disclose to the Company in writing: (a) the nature and extent of any interest the Executive, or any of his Associates, has or may have, directly or indirectly, in any contract or transaction or proposed contract or transaction of or with the Company; (b) every office the Executive, or any of his Associates, may hold or acquire, and every property the Executive or any of his Associates, may possess or acquire, whereby directly or indirectly a duty or interest might be created in conflict with the interests of the Company or the duties and obligations of the Executive under this Agreement; and (c) the nature and extent of any conflict referred to in Paragraph 5.1(a) or (b) above.

Disclosure of Conflicts of Interest. To the extent of his reasonable knowledge, from time to time, the Executive shall promptly, fully and frankly disclose to the Company in writing: (a) the nature and extent of any interest the Executive, or any of his Associates, has or may have, directly or indirectly, in any contract or transaction or proposed contract or transaction of or with the Company; (b) every office the Executive, or any of his Associates, may hold or acquire, and every property the Executive or any of his Associates, may possess or acquire, whereby directly or indirectly a duty or interest might be created in conflict - 8 - with the interests of the Company or the duties and obligations of the Executive under this Agreement; and (c) the nature and extent of any conflict referred to in Paragraph 5.1(a) or (b) above.