Private Benefit definition

Private Benefit means a financial benefit, a personal benefit or furthering a private interest (and includes the avoidance of a negative consequence) other than a financial benefit, a personal benefit or a private interest that:

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Private Benefit means a direct or indirect benefit not shared by the general public that could be reasonably expected to impair a Commissioner’s objectivity or independent judgment.

Private Benefit means a personal benefit or furthering a private interest (including the avoidance of a negative consequence) but does not include a benefit or interest that is of general application, affects a person as a member of a broad class, or is inconsequential (i.e. de minimis).

Examples of Private Benefit in a sentence

SVB Financial hereby acknowledges that a “change in control”, “sale event” (or similar phrase) within the meaning of the Boston Private Benefit Plans will occur at the Effective Time.
Each Boston Private Benefit Plan (as defined below) has been established, operated and administered in material compliance with its terms and the requirements of all applicable laws, including ERISA and the Code.
Nothing in this Agreement shall be deemed to (i) establish, amend, or modify any Boston Private Benefit Plan, New Plan or any other benefit or employment plan, program, agreement or arrangement, or (ii) alter or limit the ability of SVB Financial, the Surviving Corporation or any of its Subsidiaries or affiliates to amend, modify or terminate any particular Boston Private Benefit Plan, New Plan or any other benefit or employment plan, program, agreement or arrangement after the Effective Time.
Nothing in the preceding sentence shall obligate Private to provide or cause to be provided any benefits duplicative of those provided under any Piedmont Plan continued pursuant to subparagraph (a) above, including, but not limited to, extending participation in any Private Benefit Plan which is an “employee pension benefit plan” under ERISA with respect to any year during which allocations are made to Piedmont Employees under the Piedmont Qualified Plans.

More Definitions of Private Benefit

Private Benefit means "non-incidental benefits conferred on disinterested persons that serve private interests." As defined in the Tax Court ruling, American Campaign Academy v. Commissioner, 92 TC 1053 (1989)

Private Benefit means a financial or personal benefit (which includes the avoidance of a negative consequence) other than a financial or personal benefit that is:

Private Benefit means either of the following:

Private Benefit means either (1) An improvement required as a means of meeting mitigation requirements associated with a project, or (2) An enhancement or improvement where an individual or group of individuals can be identified as beneficiaries.

Private Benefit means “any direct professional or monetary benefit to an Elected Official or Directly Associated Person, except when they benefit as part of a broader class of students; any gift to such person exceeding token significance or value; or appointment of such person to a position or role inside or outside the SU”.

Private Benefit means “the receipt by the public official, public member or public employee of a gift which resulted from his holding that office.” Id. section 9-13-103(b).

Private Benefit means that the possessor has the opportunity to make a profit, or to use or be