Direct financial interest definition

Direct financial interest means a financial interest:

Direct financial interest means ownership or part ownership of a business, including lands, stocks, bonds, debentures, warrants, partnership shares or other holdings, and also means any other arrangement where the individual may benefit from that individual's holding in or salary from that business. "Direct financial interest" includes employment, pensions, creditor relationships, real property and other financial relationships.[PL 2009, c. 360, §2 (NEW).]

Direct financial interest means ownership or part ownership by an employee of lands, stocks, bonds, debentures, warrants, partnership shares, or other holdings and also means any other arrangement where the employee may benefit from his or her holding in or salary from coal mining operations. Direct financial interests include employment, pensions, creditor, real property and other financial relationships.

Examples of Direct financial interest in a sentence

• Direct financial interest - Any source of income to, or capital investment or other interest held by, an individual, partnership, or corporation or an individual's spouse, immediate family member or parent that could be influenced by performance or non-performance of duties under the contract.

• Prohibited direct and indirect financial interest of city employee.(a) Direct financial interest.

• Direct financial interest means: an individual’s interest in a situation in which they stand to receive a financially measurable benefit over and above her/his remuneration as a member or committee member of the Regulator.

• Direct financial interest is defined as receiving, or having received during the previous two years, a significant portion of income directly or indirectly from permit holders or applicants for permits.

• Direct financial interest is defined as an ownership interest in the hospital through stock or otherwise.

More Definitions of Direct financial interest

Direct financial interest means ownership or part ownership by an em- ployee of land, stocks, bonds, deben- tures, warrants, a partnership, shares, or other holding and also means any other arrangement where the employee may benefit from his or her holding in or salary from coal mining operations. Direct financial interests include em- ployment, pensions, creditor, real prop- erty and other financial relationships.

Direct financial interest means ownership of an interest as the result of which the owner has received within the past 3 years, is currently receiving, or in the future is entitled to receive, more than $1,000 per year; or ownership of more than 3% of a business entity; or ownership of securities of any kind that represent, or are convertible into, ownership of more than 3% of a business entity.

Direct financial interest means an interest in an enterprise that consists of securities of any kind that constitute ownership of three percent (3%) or more of the total equity of the enterprise. The test for a direct financial interest shall exclude any arrangement with the Authority which is not within the definition of financial transactions contained in these Standards of Conduct.

Direct financial interest means:

Direct financial interest means a case where a Member is part of or co-owner of a building where the constituency office is located;

Direct financial interest means if a Member, a Member’s spouse or common-law partner or a relative of a Member or of a Member’s spouse or common-law partner receives a benefit from ownership of a business, property, investment or other thing, then that person has a direct financial interest. This definition is used in connection with non-arm’s lenth expenses.

Direct financial interest means any financial interest held directly by you in your name, as well as any financial interest that you hold indirectly but over which you nonetheless exert voting or dispositive control (for example, through a trust or corporate entity over which you have controlling voting power). A Direct Financial Interest does not include any indirect financial interest over which you do not exert voting or disposal control, such as a passive investment through a mutual fund or 401(k) account.