Examples of Outside Organization in a sentence
To avoid conflicts of interest, insider information and other compliance and business issues, the Firm requires all its employees who are involved with an Outside Organization / Company (e.g. employee, consultant, officer, member of the board, investment committee, etc.) of any for-profit, not-for-profit or other entity to disclose and obtain written approval of the Firm to do so.
The Corporation may maintain insurance, at its expense, to protect itself and any person who is or was a director, officer, employee, agent or fiduciary of the Corporation or who is or was serving at the request of the Corporation as a director, officer, member, agent or fiduciary of an Outside Organization against any expenses incurred in a Proceeding, whether or not the Corporation would have the power to indemnify such person against such expenses under the Minnesota Statutes.
Such coverage shall be specifically excess of any indemnity available from an Outside Organization and any valid and collectible insurance available from or provided by an Outside Organization.
Payment of Salary Enhancements to employees shall be conditioned on receipt of funding by the Board from the Outside Organization of the gross enhancement amount plus allemployer fringe benefits.
Upon approval of such request by the Superintendent, the funding of Salary Enhancements may be commenced and shall thereafter be the sole responsibility of the sponsoring Outside Organization.