Personal Benefit Sample Clauses
The Personal Benefit clause restricts parties from using their rights, obligations, or benefits under the agreement for anyone other than themselves. In practice, this means that a party cannot transfer, assign, or share the advantages or responsibilities of the contract with third parties, such as affiliates, family members, or unrelated businesses, unless explicitly permitted. This clause ensures that the agreement's terms are applied only to the intended parties, preventing unauthorized use or exploitation by others and maintaining the integrity of the contractual relationship.
POPULAR SAMPLE Copied 3 times
Personal Benefit. Contractor may not enter into any contract or other arrangement for the use, purchase, sale lease or rental of real property, personal property or services funded with monies of this Contract if an employee, administrator, officer or director of Contractor may receive a financial or other valuable benefit as a result. The Department may grant exceptions to this prohibition where it determines that the circumstances warrant the granting of an exception.
Personal Benefit. Unless the Company expressly permits otherwise, the Client is the person ultimately responsible for originating the Instruction in relation to each Transaction and stands to gain the commercial or economic benefit of each Transaction and/or bear its commercial or economic risk, and deals on its own account as principal and beneficial owner of the relevant Investment Products and Account and that no one other than the Client has any right or interest in the relevant Investment Products or Account.
Personal Benefit. To indemnify Indemnitee with respect to any Claim based upon or attributable to Indemnitee gaining in fact any personal profit or advantage to which Indemnitee is not entitled.
Personal Benefit. LICENSEE expressly represents and warrants that the License has been acquired to exercise the rights described in Item 4 of Schedule A hereto with respect to the Licensed Products in the Territory and not for resale or other disposition of the License to others.
Personal Benefit. 58.1 Each regular full-time employee is entitled to accrue twenty-four (24) personal benefit hours per year (to be paid at .92 hours per biweekly pay period). Regular part-time employees who work sixteen (16) hours a week or more will receive pro-rated personal benefit. Personal days may be used separately or together. A maximum of twenty-four (24) hours may be accumulated at any one time by a full-time employee.
58.2 An employee is expected to provide their supervisor with as much prior notification as is reasonably possible prior to taking such leave.
Personal Benefit. No part of the net earnings of the Collaborative shall inure to the benefit of any appointed representative to the Board, member school committee, director, officer of CASE, or any private individual (except that reasonable compensation may be paid for services rendered to or for the Collaborative), and no appointed representative to the Board, member School Committee, director, or officer of CASE shall be entitled to share in the distribution of any of the assets upon the dissolution of CASE.
Personal Benefit. No employee can authorise payments to themselves, or to related bodies/individuals where they have a personal interest. Any exceptions to this must be agreed by the Statutory Chief Finance Officer. Financial Regulation 4 – Appendix 1: Current Authorisation Limits Level 31 Level 2 Level 13 Other Covers Additional Rules Member of Chief Executive’s Management Team Head of Service Other staff nominated by their Head of Service or Director Finance Team Authoriser Budget Expenditure Electronic authorisation on efinancials, Orchard or Technology Forge Manual authorisation of order forms, yellow stickers or payment vouchers/certificate Any payment over £50,000 must be additionally approved by an officer with Financial Management authorisation, who is different from the first authoriser. Written approval must be obtained from the Statutory Chief Finance Officer for aAny payment over £1,000,000 must have been approved by the Statutory Chief Finance Officer No Limit £100,000 £10,000 £20,000 Not applicable ▇▇▇▇▇ Cash Cash Advances Reimbursement Float Top Up Any payment over £200 must be counter signed by the Statutory Chief Finance Officer who cannot also be the first signatory. £200 £100 £50 Not applicable Procurement Cards Advance payments In person payments Telephone payments Internet orders Limits are the upper limit for single transactions. Higher limits can be given in individual cases, up to the maximum single transaction Procurement card limits, on approval of the Nominated General Finance Manager or Statutory Chief Finance Officer. Up to £5,000 Up to £2,000 Up to £1,000 Not applicable Level 31 Level 2 Level 13 Other Covers Additional Rules Member of Chief Executive’s Management Team Head of Service Other staff nominated by their Head of Service or Director Finance Team Authoriser The maximum monthly limit that can be set for any card is £10,000. Limits above £5,000 must be approved as above. Actual limits for single and monthly transactions are set out in individual Procurement Card agreements. Financial Management Payment run approval or high level payment to suppliers in the finance system or online banking system. Payroll administration and pension payments Precepts to other precepting authorities Routine transfers to Government Departments (e.g. Inland Revenue. NNDR) Pension payments Authorisation of sundry debtor refunds Tax Adjustments Inter-account transactions Treasury management transactions Any cheque over £50,000 must be countersigned by an officer...
Personal Benefit. The provisions of this Schedule shall benefit the Buyer named in this Agreement only and not to the Buyer’s successors in title nor may they be assigned to any person. (save that they might be assigned as a result of the death of the Buyer which assignment must be notified to the Seller in writing)
Personal Benefit. An ERCOT business decision will result in personal gain or loss to the consultant or a Related Party, other than gains or losses common to all Suppliers, consultants, and their Related Parties. A consultant must immediately inform the Legal Department if a Conflict of Interest or even the appearance of a Conflict of Interest might exist, to allow ERCOT officers to evaluate the situation. After full disclosure by the consultant, ERCOT officers may agree to conditions that appropriately limit any potential influence from a Conflict of Interest.
Personal Benefit. Business Associate shall not at any time or in any manner, either directly or indirectly, use for the personal benefit of Business Associate, distribute, sell, market or commercialize Covered Entity Confidential Information, create derivative products or applications based on Covered Entity Confidential Information or otherwise use Covered Entity Confidential Information in any manner not expressly permitted by this BAA.