Examples of Restricted Staff in a sentence
Restricted Staff are required to obtain written pre-approval of all personal transactions in Restricted Investments.
Restricted Staff may freely invest in (i) direct obligations of the federal government or its agencies, or any state or municipality; (ii) bank certificates of deposit; (iii) SEC-registered mutual funds; and/or (iv) exchange-traded funds and notes (and derivatives thereon) in which the largest underlying holding represents no more than 20% of the value of such fund or note (“Permitted Investments”).
Restricted Staff may also choose to engage in purchases and sales of individual securities or derivatives on securities as well as acquisitions and dispositions of interests in blind pool investment funds (e.g., private investment partnerships) (“Restricted Investments”).
Restricted Staff are required to follow these rules and to cause them to be followed for all transactions by or on behalf of immediate family members (including spouse, domestic partner, and minor children) who share their household, or by any account with respect to which they have an interest in, investment discretion over, or otherwise control.
Restricted Staff who make only Permitted Investments are not subject to these procedures.
All Restricted Staff must disclose to the Foundation a list of all personal investment accounts in which Restricted Investments may be held, such as current brokerage accounts, retirement accounts, mutual fund accounts, 529 plan accounts, UGMA and UTMA accounts (“Restricted Staff Accounts”), and must update the list promptly when a new account is opened.
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Agency will ensure that there is no overlap of teams or Associates with any existing Agency advertiser that markets or sells Competing or Antithetical Products or Services and will take reasonable steps to ensure the confidentiality of Advertiser’s information including, restricting access to systems and erecting a “virtual wall” so that none of the Restricted Staff working on Advertiser’s business shares any information with people working on Competing or Antithetical Products or Services.
However, Restricted Staff are required to follow the special restrictions and preclearance procedures in this policy for any Restricted Investments.
Notwithstanding the foregoing, as described in Part C regarding “Personal Investment Activity of Foundation Staff,” Restricted Staff (defined below) are required to disclose any material non-public information they may obtain about public companies to the Chief Investment Officer and the COO/GC for purposes of maintaining the Foundation’s “Do Not Trade” list.