Outside Business Interests definition

Outside Business Interests means any investment or ownership interest resulting from or related to an Access Person’s Outside Business Activities. Some examples of Outside Business Interests include, without limitation, direct ownership of property not used for the relevant Access Person’s or her/his family’s residential use, ownership interests in joint ventures, partnerships, etc. in which the Access Person actively takes part in the conduct of the business of such joint venture, partnership, etc.
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Outside Business Interests means any interests or activities undertaken by a District employee for financial or other remuneration outside their role at the District, including, but not limited to, private consulting, or owning, operating or being employed by a private business. Ownership of a private business does not include a financial interest in a legal entity engaged in business for profit which comprises no more than five percent (5%) of the equity of the business or no more than five percent (5%) of the assets of the business. In other words, if a District employee owns five percent (5%) or less of a business and is not otherwise employed by the business, then that business interest is not covered required to be disclosed in accordance with Board Policy and Regulation 44511.
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Examples of Outside Business Interests in a sentence

  • The foregoing notwithstanding, the Employee has disclosed to the Company his other outside business interests ("Outside Business Interests") which are listed on Schedule "1" hereto and the Company with this full knowledge has consented to the Employee's continuance thereof.

  • Moreover, the Company agrees to permit the Employee to involve himself in other similar Outside Business Interests, on condition that they similarly be disclosed and are added to Schedule "1" prior to their being commenced.

  • Employee may also invest his assets and manage, protect and support the profitability of such assets, as well as devote such reasonable time as is required by such Outside Business Interests, subject to the limitations set forth in this Section 5(b).

  • The foregoing notwithstanding, Employee has disclosed to the Company his other outside business interests ("Outside Business Interests") which are listed on Schedule "1" hereto and the Company with this full knowledge has consented to Employee's continuance thereof.

  • Moreover, the Company agrees to permit Employee to involve himself in other similar Outside Business Interests, on condition that they similarly be disclosed and are added to Schedule "1" prior to their being commenced.

  • RELATED PARTY DEALINGS Outside Business Interests; Business Opportunity.

  • For the avoidance of doubt consent will not be given in relation to any Outside Business Interests which, in the view of the Company compete, or are likely to compete, directly or indirectly with, the business of the Company, or which could give rise to a conflict of interest or interfere with the efficient performance of your duties.

  • For further information, reference the Outside Business Interests Policy – Deutsche Bank Group.

  • Moreover, the Company agrees to permit the Employee to involve himself in other similar Outside Business Interests, on condition that they similarly be disclosed prior to their being commenced.

  • Outside Business Interests Employees are expected to give their full and undivided attention to their Company duties.