Common use of Financial Interest Clause in Contracts

Financial Interest. A Company Individual has a financial interest if he or she has, directly or indirectly, through business, investment or family -- a. an ownership or investment interest in any entity with which the Company has a transaction or arrangement, or b. a compensation arrangement with any entity, except Internet2, or individual with which the Company has a transaction or arrangement, or c. a potential ownership or investment interest in, or compensation arrangement with, any entity, except Internet2, or individual with which the Company is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are substantial in nature. A financial interest is not necessarily a conflict of interest. Under Article III, Section 2, a person who has a financial interest may have a conflict of interest only if the Steering Committee or appropriate subcommittee decides that a conflict of interest exists.

Financial Interest. A Company Individual person has a financial interest if he or she the person has, directly or indirectly, through business, investment or family --family: a. (a) an ownership or investment interest in any entity with which the Company Corporation has a transaction or arrangement, or b. (b) a compensation arrangement with the Corporation or with any entity, except Internet2, entity or individual with which the Company Corporation has a transaction or arrangement, or c. (c) a potential ownership or investment interest in, or compensation arrangement with, any entity, except Internet2, entity or individual with which the Company Corporation is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are substantial in nature. , A financial interest is not necessarily a conflict of interest. Under paragraph C(2) of this Article III, Section 2IX, a person who has a financial interest may have has a conflict of interest only if the Steering Committee Board of Directors or appropriate subcommittee committee decides that a conflict of interest exists. C. Procedures,