Common use of No Personal Benefit Clause in Contracts

No Personal Benefit. You will not receive or accept for your own benefit, either directly or indirectly, any commission, rebate, discount, financial gratuity or profit from any Person having or proposing to have one or more business transactions with the Company, without the prior approval of the Board, except that you may accept dinners, event tickets and other customary gifts with values of less than US$200, as long as there is no frequent pattern of such customary gifts from any person or entity, or related group of persons or entities, that would give rise to the perception of a conflict of interest.

Appears in 6 contracts

Samples: Aquinox Pharmaceuticals, Inc, Employment Agreement (Aquinox Pharmaceuticals, Inc), Employment Agreement (Aquinox Pharmaceuticals (Usa) Inc)

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No Personal Benefit. You will not receive or accept for your own benefit, either directly or indirectly, any commission, rebate, discount, financial gratuity or profit from any Person having or proposing to have one or more business transactions with the Company, without the prior approval of the Board, except that you may accept dinners, event tickets and other customary gifts with values of less than US$200500, as long as there is no frequent pattern of such customary gifts from any person or entity, or related group of persons or entities, that would give rise to the perception of a conflict of interest.

Appears in 4 contracts

Samples: Aquinox Pharmaceuticals, Inc, Aquinox Pharmaceuticals, Inc, Aquinox Pharmaceuticals (Usa) Inc

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No Personal Benefit. You will not receive or accept for your own benefit, either directly or indirectly, any commission, rebate, discount, financial gratuity or profit from any Person having or proposing to have one or more business transactions with the Company, without the prior approval of the Board, except that you may accept dinners, event tickets and other customary gifts with values of less than US$200CDN$500, as long as there is no frequent pattern of such customary gifts from any person or entity, or related group of persons or entities, that would give rise to the perception of a conflict of interest.

Appears in 2 contracts

Samples: Aquinox Pharmaceuticals, Inc, Aquinox Pharmaceuticals (Usa) Inc

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