No Governor may Sample Clauses

No Governor may. 12.1. buy any goods or services from the Academy Trust; 12.2. sell goods, services, or any interest in land to the Academy Trust; 12.3. be employed by or receive any remuneration from the Academy Trust (other than the Principal whose employment and/or remuneration is subject to the procedure and conditions in Article 14) 12.4. receive any other financial benefit from the Academy Trust; unless: 12.4.1. the payment is permitted by Article 13 and the Governors follow the procedure and observe the conditions set out in Article 14; or 12.4.2. the Governors obtain the prior written approval of the Charity Commission and fully comply with any procedures it prescribes.
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No Governor may. 1. ( a) buy any goods or services from the Academy Trust;
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No Governor may buy any goods or services from the Trust;
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No Governor may. (a) buy any goods or services from the Academy Trust; (b) sell goods, services, or any interest in land to the Academy Trust; (c) be employed by or receive any remuneration from the Academy Trust (other than the Principal or a Staff Governor whose employment and/or remuneration is subject to the procedure and conditions in Article 6.8) (d) receive any other financial benefit from the Academy Trust; unless: (i) the payment is permitted by Article 6.7 and the Governors follow the procedure and observe the conditions set out in Article 6.8; or (ii) the Governors obtain the prior written approval of the Charity Commission and fully comply with any procedures it prescribes.
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No Governor may. (a) buy any goods or services from the Academy Trust; (b) sell goods, services, or any interest in land to the Academy Trust; (c) subject to the provisions of Articles 6.7 and 6.8, be employed by or receive any remuneration from the Academy Trust (other than the Principal, Staff Governors and any other Governor who is an employee of the Academy Trust whose employment and/or remuneration is subject to the procedure and conditions in Article 6.8) (d) receive any other financial benefit from the Academy Trust; unless: (i) the payment is permitted by Article 6.7 and the Governors follow the procedure and observe the conditions set out in Article 6.8; or (ii) the Governors obtain the prior written approval of the Charity Commission and fully comply with any procedures it prescribes.
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No Governor may. (a) buy any goods or services from the Trust; (b) sell goods, services, or any interest in land to the Trust; (c) be employed by, or receive any remuneration from the Trust; (d) receive any other financial benefit from the Trust; unless: (i) the payment is permitted by sub-clause (4) of this clause and the Governors follow the procedure and observe the conditions set out in sub- clause (5) of this clause; or (ii) the Governors obtain the prior written approval of the Commission and fully comply with any procedures it prescribes. (a) A Governor may receive a benefit from the Trust in the capacity of a beneficiary of the Trust. (b) A Governor may be employed by the Trust or enter into a contract for the supply of goods or services to the Trust, other than for acting as a Governor. (c) A Governor may receive interest on money lent to the Trust at a reasonable and proper rate not exceeding 2% per annum below the base rate of a clearing bank to be selected by the Governors. (d) A company of which a Governor is a member may receive fees remuneration or other benefit in money or money’s worth provided that the shares of the company are listed on a recognised stock exchange and the Governor holds no more than 1% of the issued capital of that company. (e) A Governor may receive rent for premises let by the Governor to the Trust if the amount of the rent and the other terms of the lease are reasonable and proper. (a) The Trust and its Governors may only rely upon the authority provided by sub- clause 5(4) if each of the following conditions is satisfied: (i) The remuneration or other sums paid to the Governor do not exceed an amount that is reasonable in all the circumstances. (ii) The Governor is absent from the part of any meeting at which there is discussion of: • his or her employment or remuneration, or any matter concerning the contract; or • his or her performance in the employment, or his or her performance of the contract; or • any proposal to enter into any other contract or arrangement with him or her or to confer any benefit upon him or her that would be permitted under sub-clause 5(4); or • any other matter relating to a payment or the conferring of any benefit permitted by sub-clause 5(4). (iii) The Governor does not vote on any such matter and is not to be counted when calculating whether a quorum of Governors is present at the meeting. (iv) The other Governors are satisfied that it is in the interests of the Trust to employ or to contract with that G...
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Related to No Governor may

  • No Governmental Review Such Buyer understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

  • No Government Review The Purchaser understands that neither the SEC nor any securities commission or other governmental authority of any state, country or other jurisdiction has approved the issuance of the Securities or passed upon or endorsed the merits of this Agreement, the Securities, or any of the other documents relating to the Placement, or confirmed the accuracy of, determined the adequacy of, or reviewed this Agreement, the Securities or such other documents.

  • LAW TO GOVERN This Agreement is executed and delivered in the State of Texas and shall be governed, construed, and enforced in accordance with the laws of the State of Texas.

  • No Governmental Prohibition No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or restraining order shall have been enacted, entered, promulgated or enforced by any court or governmental or regulatory authority or instrumentality which prohibits the consummation of the transactions contemplated hereby.

  • Jury or Court Witness Duty The Employer shall grant leave of absence without loss of seniority to an employee who is called as a juror or witness in any court. The Employer shall pay such an employee the difference between the normal earnings and the payment received for jury service or court witness, excluding payment for travelling, meals, or other expenses. The employee will present proof of service and the amount of pay received.

  • NEW YORK LAW TO GOVERN THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

  • LEASE GOVERNS Tenant agrees that the provisions of this Lease, including without limitation Section 11.1, shall govern any damage or destruction and shall accordingly supersede any contrary statute or rule of law.

  • No Government Approval You understand that no state or federal authority has reviewed this Investment Agreement or the Note or made any finding relating to the value or fairness of the investment.

  • No General Solicitation or Advertising Neither the Company, nor any of its Subsidiaries or Affiliates, nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with the offer or sale of the Securities.

  • NO DRUGS OR ALCOHOL For reasons of safety and public policy, in any Contract resulting from this procurement, the use of illegal drugs and/or alcoholic beverages by the Contractor or its personnel shall not be permitted while performing any phase of the work herein specified.