Duty of loyalty definition

Duty of loyalty means a breach of fiduciary duty by an Executive which constitutes a willful failure to deal fairly with the Corporation or its stockholders in connection with a transaction in which the Executive has a material undisclosed personal conflict of interest.

Duty of loyalty means a breach of fiduciary duty by the Executive which constitutes a willful failure to deal fairly with the Company or its stockholders in connection with a transaction in which the Executive has a material undisclosed personal conflict of interest.

Duty of loyalty means each member must put the interests of the Authority over his or her own interests or the interests of family members and other persons, businesses or organizations in which they may be involved.

Examples of Duty of loyalty in a sentence

• As part of the fiduciary duty, we owe to all our clients: • Duty of loyalty; • Duty to act in clients’ best interest; • Duty to act with care in handling client matters; and • Duty to avoid conflicts of interest.

• As part of our fiduciary duty, we owe to all our clients: ● Duty of loyalty; ● Duty to act in clients’ best interest; ● Duty to act with care in handling client matters; ● Duty to avoid conflicts of interest; and ● Duty to comply with all applicable laws.

• As part of our fiduciary duty, we owe to all our clients: ● Duty of loyalty; ● Duty to act in clients’ best interest; ● Duty to act with care in handling client matters; ● Duty to avoid conflicts of interest; ● Duty to comply with all applicable laws.

• Enacted by Chapter 89, 2004 General Session 75-7-802 Duty of loyalty.

• Duty of loyalty and due care of the board’s members have been widely adopted in the doctrine for a long time.

More Definitions of Duty of loyalty

Duty of loyalty means a breach of fiduciary duty by a Director or Officer which constitutes a willful failure to deal fairly with the corporation or its stockholders in connection with a transaction in which the Director or Officer has a material undisclosed direct personal conflict of interest. For this purpose, it shall not be deemed a breach of any Director’s duty of loyalty by reason of such Director taking action, or inaction, as a Director that may be deemed to be in the best interests of his or her employer.

Duty of loyalty means conducting oneself based on the principle of doing no harm to the District as a result of one’s actions.

Duty of loyalty means the fiduciary duty of the Committee Member to refrain from any act or omission which the Committee Member knows or believes to be contrary to the best interests of the Company or the Company's stockholders in connection with a matter in which the Committee Member has a material conflict of interest.

Duty of loyalty means the duty of the Board members to act in good faith in the interest of the Bank. The duty of loyalty shall prevent individual board members from acting in their own interest, or the interest of another individual or group, at the expense of the Bank;

Duty of loyalty. A board member must never use information gained through his/her position for personal gain, and must always act in the best interests of the FJHG.

Duty of loyalty. Do not use your position in the organization to further your private interests.

Duty of loyalty. During employment with J103, employee covenants and agrees that employee will not: (1) perform any services, directly or indirectly, for any person or entity (including any client of J103) that is engaged in competition with the Business; (2) compete, directly or indirectly, with any products or services marketed or offered by J103; or (3) engage in any activities which could be deemed to be a conflict of interest with J103 or otherwise detrimental (either monetarily or reputationally) to J103.