Fiduciary Duty; Devotion of Time; Compensation; Conflict of Interest Policy Sample Clauses

Fiduciary Duty; Devotion of Time; Compensation; Conflict of Interest Policy. Each Member shall exercise his or her powers and discharge his or her duties in good faith with a view to the interests of the Company and its Members with that degree of diligence, care and skill that ordinarily prudent persons would exercise under similar circumstances in like positions. Each Member shall devote so much of his or her time to the business of the Company as the requirements of such business may dictate from time to time. No Member shall be compensated for his services to the Company, except as is expressly provided in the Agreement, but each Member shall be entitled to charge the Company, or to be reimbursed by the Company, for all reasonable out of pocket expenses actually incurred by him or her and paid to third parties in connection with the Company business. Members will avoid situations that present an actual or potential conflict between their interest and those of the Company. A conflict of interest arises where a Member or a member of his or her immediate family, has a legal or beneficial interest, whether direct or indirect, as a member, owner, director, officer, volunteer or paid professional, lessor, broker or investor in an enterprise or has a special, personal, business or family relationship with an enterprise: (a) from which the Company purchases or leases services, equipment, supplies or real estate (or an interest therein); (b) which renders investment, managerial, consulting or other services to the Company; (c) which has a pecuniary or business relationship with the Company; or (d) which receives loans from the Company. Members are expected to make prompt disclosure to the other Members of any fact or circumstance that may create, or have the appearance of creating, a conflict of interest.
Sample 1
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Fiduciary Duty; Devotion of Time; Compensation; Conflict of Interest Policy. Each Member shall exercise his or her powers and discharge his or her duties in good faith with a view to the interests of the Company and its Members with that degree of diligence, care and skill that ordinarily prudent persons would exercise under similar circumstances in like positions. Each Member shall devote so much of his or her time to the business of the Company as the requirements of such business may dictate from time to time. No Member shall be compensated for his services to the Company, except as is expressly provided in this Operating Agreement, but each Member shall be entitled to charge the Company, or to be reimbursed by the Company, for all reasonable out of pocket expenses actually incurred by him or her and paid to third parties in connection with the Company business.
Sample 1
Fiduciary Duty; Devotion of Time; Compensation; Conflict of Interest Policy. Each Member shall exercise his or her powers and discharge his or her duties in good faith with a view to the interests of the Company and its Members with that degree of diligence, care and skill that ordinarily prudent persons would exercise under similar circumstances in like positions. Each Member shall devote so much of his or her time to the business of the Company as the requirements of such business may dictate from time to time. No Member shall be compensated for his/her services to the Company, except as is expressly provided in this Agreement, but each Member shall be entitled to charge the Company, or to be reimbursed by the Company, for all reasonable out of pocket expenses actually incurred by him or her and paid to third parties in connection with the Company business that was prior approved by the 2/3’s of the Management Committee. Members will avoid situations that present an actual or potential conflict between their interest and those of the Company. A conflict of interest arises where a Member, or a member of his or her immediate family, has a legal or beneficial interest, whether direct or indirect, as a member, owner, director, officer, volunteer or paid professional, lessor, broker or investor in an enterprise or has a special, personal, business or family relationship with an enterprise: (a) from which the Company purchases or leases services, equipment, supplies or real estate (or an interest therein); (b) which renders investment, managerial, consulting or other services to the Company; (c) which has a substantial (CSA membership excluded) pecuniary or business relationship with the Company; or (d) which receives loans from the Company Members are expected to make prompt disclosure to the other Members of any fact or circumstance that may create, or have the appearance of creating, a conflict of interest. If a conflict of interest exists for a Member, such Member shall not be excluded from any decision making in relation to such conflict.
Sample 1

Related to Fiduciary Duty; Devotion of Time; Compensation; Conflict of Interest Policy

  • CONFLICT OF INTEREST POLICY 4.1. The Company, partners of the Company or other affiliated parties may have material interest, a legal relationship or arrangement concerning a specific transaction in the Trader’s Room or on the trading platform or interests, relationships, or arrangements that may be in conflict with the interests of the Client. By way of example, the Company may: - act as Principal concerning any instrument on the Company’s own account by selling to or buying the instrument from the Client; - combine the Client’s transaction with that of another Client; - buy or sell an instrument the Company recommended to the Client; - advise and provide other services to partners or other clients of the Company who may have interests in investments or underlying assets which conflict with the Client’s interests. The Client consents to and grants the Company authority to deal with or for the Client in any manner which the Company considers appropriate, notwithstanding any conflict of interest or the existence of any material interest in any transaction in the Trader’s Room or on the trading platform, without prior notification of the Client. The Company’s employees are required to comply with a policy of impartiality and to disregard any material interests or conflicts of interest when advising the Client.

  • Conflict of Interest Contractor Personnel 2.5.1 The A-E shall exercise reasonable care and diligence to prevent any actions or conditions that could result in a conflict with the best interests of the COUNTY. This obligation shall apply to the A-E; the A-E’s employees, agents, and relatives; sub-tier contractors; and third parties associated with accomplishing work and PROJECTS/SERVICES hereunder. 2.5.2 A-E’s efforts shall include, but not be limited to establishing precautions to prevent its employees or agents from: making, receiving, providing or offering gifts, entertainment, payments, loans or other considerations which could be deemed to appear to influence individuals to act contrary to the best interests of the COUNTY.

  • Conflict of Interest – Contractor’s Personnel The Contractor shall exercise reasonable care and diligence to prevent any actions or conditions that could result in a conflict with the best interests of the County. This obligation shall apply to the Contractor; the Contractor’s employees, agents, and subcontractors associated with accomplishing work and services hereunder. The Contractor’s efforts shall include, but not be limited to establishing precautions to prevent its employees, agents, and subcontractors from providing or offering gifts, entertainment, payments, loans or other considerations which could be deemed to influence or appear to influence County staff or elected officers from acting in the best interests of the County.

  • Conflict of Interest Guidelines I agree to diligently adhere to the Conflict of Interest Guidelines attached as Exhibit D hereto.

  • Termination for Conflict of Interest HCA may terminate this Contract by written notice to the Contractor if HCA determines, after due notice and examination, that there is a violation of the Ethics in Public Service Act, Chapter 42.52 RCW, or any other laws regarding ethics in public acquisitions and procurement and performance of contracts. In the event this Contract is so terminated, HCA will be entitled to pursue the same remedies against the Contractor as it could pursue in the event Contractor breaches the contract.

  • Conflict of Interest – Subrecipient’s Personnel The Subrecipient shall exercise reasonable care and diligence to prevent any actions or conditions that could result in a conflict with the best interests of the County. This obligation shall apply to the Subrecipient; the Subrecipient’s employees, agents, and subcontractors associated with accomplishing work and services hereunder. The Subrecipient’s efforts shall include, but not be limited to establishing precautions to prevent its employees, agents, and subcontractors from providing or offering gifts, entertainment, payments, loans or other considerations which could be deemed to influence or appear to influence County staff or elected officers from acting in the best interests of the County.

  • Conflict of Interest – County Personnel The County of Orange Board of Supervisors policy prohibits its employees from engaging in activities involving a conflict of interest. The Contractor shall not, during the period of this Contract, employ any County employee for any purpose.

  • CONFLICT OF INTEREST FORM Bidder shall complete the Conflict of Interest Form attached hereto and submit it with their bid.

  • Conflict of Interest Requirements CONTRACTOR hereby agrees to comply with any and all applicable conflict of interest requirements set forth in the California Political Reform Act and any current and future implementing regulations, policies, procedures and standards promulgated thereunder, including, without limitation, COUNTY’s Conflict of Interest Code, all as may be amended from time to time.

  • Cancellation for Conflict of Interest The AZDOHS may, by written notice to the Subrecipient, immediately cancel this Agreement without penalty or further obligation pursuant to A.R.S. 38-511 if any person significantly involved in initiating, negotiating, securing, drafting, or creating the Agreement on behalf of the State or its subdivisions (unit of Local Government) is an employee or agent of any other party in any capacity or a consultant to any other party to the Agreement with respect to the subject matter of the Agreement. Such cancellation shall be effective when the parties to the Agreement receive written notice from the AZDOHS, unless the notice specifies a later time.

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