Common use of Conflict of Interest Prohibition Clause in Contracts

Conflict of Interest Prohibition. The Secretary shall not, during the Term of this Agreement, individually, as a partner, joint venture, officer or shareholder, invest or participate in any business venture conducting business in the corporate limits of the City, except for stock ownership in a company whose capital stock is publicly held and regularly traded on any stock exchange, without the prior written approval of the Council. For and during the Term of the Agreement, the Secretary shall, except for a personal residence or residential property acquired or held for future use as the Secretary’s personal residence, not invest in any other real estate or property improvements within the City, without the prior written consent of the Council. Additionally, Secretary shall abide by all City Charter provisions.

Conflict of Interest Prohibition. The Secretary Manager shall not, during the Term of this Agreement, individually, as a partner, joint venture, officer or shareholder, invest or participate in any business venture conducting business in the corporate limits of the City, except for stock ownership in a company whose capital stock is publicly held and regularly traded on any stock exchange, without the prior written approval of the Council. For and during the Term of the Agreement, the Secretary Manager shall, except for a personal residence or residential property acquired or held for future use as the SecretaryManager’s personal residence, not invest in any other real estate or property improvements improveme nts within the City, without the prior written consent of the Council. Additionally, Secretary shall abide by all City Charter provisions.