External Interests Clause Samples
The External Interests clause defines how a party’s involvement with outside businesses, investments, or relationships is disclosed and managed within the context of the agreement. Typically, it requires parties to reveal any financial or personal interests that could potentially conflict with their obligations, such as holding shares in a competitor or having a close relative employed by a supplier. This clause helps prevent conflicts of interest and ensures transparency, thereby protecting the integrity of the business relationship.
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External Interests. Every employee shall fully and truly disclose on his/her own behalf and, if married, on his/her spouse’s behalf, full details of any external directorships held and any personal business interests including partnerships, proprietorships, shareholdings and trusteeships; involvement in any other business ventures, profession, vocation, occupation, etc. involving limited or unlimited liability; personal liabilities in connection with above-said activities; and involvement in other positions external to the Company and acceptance by the Company of those external directorships, interests and/or positions on such terms & conditions as Company may prescribe in its sole discretion. In case Company do not accept or provide consent to any such directorships, interests and/or positions, employee shall withdraw from any such directorships, interests and/or positions immediately and without any demur or protest.
External Interests. WMI may request an employees’ involvement in any external activity or business be curtailed or terminated if it in any way is detrimental to the business of WMI. The external activity or business will be deemed detrimental if it affects the employee’s job performance or leads to commercial incompetence.
External Interests. 4.1 The University acknowledges that its affiliates engage in a wide variety of activities external to the University, and considers that such activities are in the public interest and of benefit both to the University and the individuals involved. These activities may from time to time give rise to conflicts of interests, whether actual, potential or merely perceived, such as a conflict of interests in relation to any employer you may have.
4.2 In keeping with its commitment to high ethical standards, and in order to protect the reputations of all involved, the University has adopted the External Interests Policy. You agree to comply with its requirements.
4.3 If, having read the policy and this document, you consider that you have interests which should be declared, please contact ▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇.▇▇. It may be necessary for a conflict declaration to be submitted and a conflict management plan to be put in place to manage any conflict.