External Equity Clause Samples
The External Equity clause defines how a company manages and discloses ownership interests or investments held by parties outside the organization. Typically, this clause outlines the rights, restrictions, and procedures related to issuing shares or equity to external investors, such as venture capitalists or third parties, and may set conditions for approval or notification. Its core practical function is to ensure transparency and control over changes in company ownership, thereby protecting the interests of existing stakeholders and maintaining organizational stability.
External Equity. An in-range progression may be considered where market data establishes that individuals employed outside the campus performing substantially similar work are receiving higher salaries than those employed on the campus. An external equity analysis will consider total compensation and job related factors of an employee as compared to other external employee groups performing substantially similar work. In determining whether or not to grant an in-range progression under this provision, campuses may consider whether or not the existence of external market differential in salaries for employees performing substantially similar work is negatively impacting the campus' ability to recruit and retain individuals within the classification.
External Equity. The Manager may issue additional Units to new members, or may issue a unit from a new class of units;