Common use of Resolution of Conflicts of Interest Clause in Contracts

Resolution of Conflicts of Interest. The Executive and the Company recognize that it is difficult and possibly impossible to provide an exhaustive list of actions or interests that constitute a ‘conflict of interest.” Moreover, the Executive and the Company recognize that there are many borderline situations. In some instances, full disclosure of facts by the Executive to the Company’s General Counsel may be all that is necessary to enable Company or its affiliate to protect its interests. In others, if no improper motivation appears to exist and the interests of the Company or its affiliate have not suffered, prompt elimination of the outside interest causing the conflict of interest will suffice. In still others, it may be necessary for the Company to terminate the employment relationship. The Company and Executive agree that the Company’s Board of Director’s determination of whether a conflict of interest exists will be conclusive. The Company reserves the right to take such action as, in its judgment, will end the conflict. The Company’s termination of the employment relationship solely because the Executive violates this Section 2.5 shall be a Voluntary Termination for purposes of this Agreement. At the end of each calendar year, the Executive must report to the Company’s Board of Directors all of their and their spouse’s investment holdings.

Resolution of Conflicts of Interest. The Executive Employee and the Company recognize that it is difficult and possibly practically impossible to provide an exhaustive list of actions or interests that constitute a ‘"conflict of interest.” " Moreover, the Executive Employee and the Company recognize that there are many borderline situations. In some instances, full disclosure of facts by the Executive Employee to the Company’s 's General Counsel may be all that is necessary to enable Company or its affiliate Affiliate to protect its interests. In othersother instances, if no improper motivation appears to exist and the interests of the Company or its affiliate Affiliate have not suffered, prompt elimination of the outside interest causing the conflict of interest will suffice. In still others, it may be necessary for the Company to terminate the employment relationship. The Company and Executive Employee agree that the Company’s 's Board of Director’s 's determination of whether a conflict of interest exists will be conclusive. The Notwithstanding the foregoing, the Company reserves the right to take such action as, in its judgment, will end the conflict. The Company’s 's termination of the employment relationship solely because the Executive Employee violates this Section 2.5 shall be a Voluntary Termination for purposes of this Agreement. At the end of each calendar year, the Executive must report to the Company’s Board of Directors all of their and their spouse’s investment holdings.

Resolution of Conflicts of Interest. The Executive and the Company recognize that it is difficult and possibly impossible to provide an exhaustive list of actions or interests that constitute a ‘conflict of interest.” Moreover, the Executive and the Company recognize that there are many borderline situations. In some instances, full disclosure of facts by the Executive to the Company’s General Counsel may be all that is necessary to enable Company or its affiliate to protect its interests. In others, if no improper motivation appears to exist and the interests of the Company or its affiliate have not suffered, prompt elimination of the outside interest causing the conflict of interest will suffice. In still others, it may be necessary for the Company to terminate the employment relationship. The Company and Executive agree that the Company’s Board of Director’s determination of whether a conflict of interest exists will be conclusive. The Company reserves the right to take such action as, in its judgment, will end the conflict. The Company’s termination of the employment relationship solely because the Executive violates this Section 2.5 shall be a Voluntary Termination for purposes of this Agreement. At the end of each calendar year, the The Executive must report to the CompanyParent’s Board of Directors all of their his and their his spouse’s investment holdingsholdings and other information reasonably requested by the Parent in order to complete its annual, quarterly, and periodic filings with the SEC and other governmental bodies.

Resolution of Conflicts of Interest. The Executive and the Company recognize that it is difficult and possibly practically impossible to provide an exhaustive list of actions or interests that constitute a ‘“conflict of interest.” Moreover, the Executive and the Company recognize that there are many borderline situations. In some instances, full disclosure of facts by the Executive to the Company’s General Counsel may be all that is necessary to enable Company or its affiliate Affiliate to protect its interests. In othersother instances, if no improper motivation appears to exist and the interests of the Company or its affiliate Affiliate have not suffered, prompt elimination of the outside interest causing the conflict of interest will suffice. In still others, it may be necessary for the Company to terminate the employment relationship. The Company and Executive agree that the Company’s Board of Director’s determination of whether a conflict of interest exists will be conclusive. The Notwithstanding the foregoing, the Company reserves the right to take such action as, in its judgment, will end the conflict. The Company’s termination of the employment relationship solely because the Executive violates this Section 2.5 shall be a Voluntary Termination for purposes of this Agreement. At the end of each calendar year, the Executive must report to the Company’s Board of Directors all of their and their spouse’s investment holdings.