Financial Interest Defined Clause Samples

Financial Interest Defined. For purposes of this Section -------------------------- 4.01(a), Employee shall be deemed to be engaged in or to have a Financial Interest in a business if Employee is an employee, officer, director, consultant, independent contractor, proprietor, or partner of any person, partnership, corporation, trust or other entity which is engaged in such business, or if Employee directly or indirectly performs services for such entity or if Employee or any member of Employee's immediate family beneficially owns an equity interest, or interest convertible into equity, in any such entity; provided, however, that the foregoing shall not prohibit Employee or a member of Employee's immediate family from owning, for the purpose of passive investment, less than 2% of any class of securities of any publicly held corporation.

Financial Interest Defined. For purposes of this Agreement, Executive shall be deemed to be engaged in or to have a "Financial Interest" in a business if Executive is an Executive, independent EMPLOYMENT AGREEMENT contractor, consultant, principal, agent, officer, director, partner, or shareholder, or if Executive directly or indirectly performs services for such entity, or if Executive or any member of Executive's immediate family beneficially owns an equity interest, or interest convertible into equity, in any such entity; provided, however that the foregoing shall not prohibit Executive or a member of Executive's immediate family from owning, for the purpose of passive investment, less than one percent (1%) of any class of securities of any publicly held company. It is understood and agreed that Executive’s family business, Rice Consulting Services, is specifically excluded from this provision.

Financial Interest Defined. A person has a financial interest if the person has, directly or indirectly, through business, investment or family: