Covered Relationship definition

Covered Relationship means a customer relationship, a vendor relationship, an employment relationship, or any other contractual or independent contractor relationship.
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Covered Relationship as defined in 5 CFR 2635.502 with an organization that submits an application for the committee’s review, or a person representing such organization. This includes situations where the MRC member’s spouse, parent, or dependent child is serving or seeking to serve as an officer, director, trustee, general partner, agent, attorney, consultant, contractor or employee of an organization that submits an application for the committee’s review and where the MRC member has,‌‌‌ within the last year, served as officer, director, trustee, general partner, agent, attorney, consultant, contractor or employee of an organization that submits an application for the committee’s review; ● An organization or entity in which an MRC member serves or is seeking to serve, whether or not for compensation, as an officer, director, trustee, general partner, or employee, has a financial interest in an application under the committee’s review; and‌ ● An employee of an external organization (e.g., technical advisors in AIDS, child survival, infectious diseases, population, basic education) participates in the review of a potential competitor’s application, which allows the MRC access to financial or other data that may be competitively useful to the reviewer’s organization.‌ The MRC must make all efforts to identify potential conflicts early in the review and selection process. Because resolution of conflicts of interest is fact driven and case specific, the MRC must coordinate with the AO and the cognizant General Counsel or Resident Legal Officer on the issues.‌
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Covered Relationship as defined in 5 CFR § 2635.502 between a member of the Recipient’s ownership or senior management and a member of a subrecipient’s ownership or senior management creates an apparent conflict of interest. In such an event, the Recipient must notify the Grants and Agreements Officer and provide detailed information, justification, and mitigation measures to ensure there is no actual conflict of interest. The Recipient must also notify the Grants and Agreements Officer of any new subrecipient agreement with:
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Examples of Covered Relationship in a sentence

  • Compliance is to be consulted for Gifts which may be purchased for Covered Relationship recipients for the Firm sponsored events.

  • Compliance is to be consulted for Gifts which may be purchased for Covered Relationship recipients for BNPP IP sponsored events.

  • You will not directly or indirectly solicit, or provide assistance to anyone else seeking to solicit, any person having or contemplating a Covered Relationship (“Covered Relationship” means a customer, vendor, employment or any other contractual or independent contractor relationship) with the Company or an Affiliate to refrain from entering into or terminating the Covered Relationship, or entering into any similar relationship with anyone else instead of the Company or such Affiliate.

  • The Company agrees that it will not consummate a transaction, the result of which would directly or indirectly cause the Company to come under the Control of another Company (a "New Parent") without first ensuring that said New Parent to the extent it is engaged in the Business, and any entity that is engaged in the Business with which the New Parent thereafter establishes a Covered Relationship, agrees to be bound by this Neutrality Agreement.

  • It is understood that the relationship between the Company and any Other Covered Entity shall be a Covered Relationship.


More Definitions of Covered Relationship

Covered Relationship means Morgan Lewis for Chairman Ring. As of September 26, 2018, Member Emanuel has no covered relationship.
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Covered Relationship means a customer relationship, a vendor relationship, an employment relationship, or any other contractual or independent contractor relationship. 17 In the case of Xx. X’Xxxxxxx, “in any state of the United States in which the Company or an Affiliate owns, operates, sells or supplies products to, any Covered Operation”.
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Related to Covered Relationship

  • Dating relationship means frequent, intimate associations primarily characterized by the expectation of affectional involvement. Dating relationship does not include a casual relationship or an ordinary fraternization between 2 individuals in a business or social context.

  • Direct relationship means that the nature of criminal conduct for which the person was convicted has a direct bearing on his fitness or ability to perform one or more of the duties or responsibilities necessarily related to the license, opportunity, or job in question.

  • Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by, and reporting to, that agency. Texas Local Government Code 176.001(3).

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from and depends on existing economic transactions between the guarantor and the owner or operator.