Personal Gain Clause Samples
The Personal Gain clause prohibits individuals involved in an agreement from using their position or access to confidential information for their own benefit beyond what is permitted by the contract. In practice, this means that employees, contractors, or representatives must not exploit company resources, insider knowledge, or business opportunities for personal enrichment or to benefit third parties without authorization. This clause serves to prevent conflicts of interest and protect the integrity of the business relationship by ensuring that all actions taken are in the best interest of the organization, not for individual advantage.
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Personal Gain. This insurance does not apply to any liability arising from/out of or based upon or in consequence of Insured Person having gained in fact any personal profit, remuneration or advantage to which such Insured Person was not legally entitled.
Personal Gain. An action taken by the Indemnitee with the intent of realizing unlawful personal gain; or
Personal Gain. Efforts by any employee that benefit an IDPH employee personally or professionally and where the “effort” is outside of the scope of normal job duties. Examples of efforts qualifying as “personal gain” include, but are not limited to: using IDPH data for a dissertation or other graduate work, using IDPH data in consulting work, or in other supplemental employment.
Personal Gain. Efforts by any employee that benefit an IDPH employee personally or professionally and where the “effort” is outside of the scope of normal job duties. Examples of efforts qualifying as “personal gain” include, but are not limited to using IDPH data for a dissertation or other graduate work, in consulting work, or in other supplemental employment. Research1: A systematic investigation, including research development, testing, and evaluation, designed to develop or contribute to generalizable knowledge. Activities that meet this definition constitute research for the purposes of this policy, regardless of whether or not they are conducted or supported under a program that is considered research for other purposes. Examples of “research” are included in Appendix A of IDPH Policy #CO 07-12- 004, Research Agreement and Research and Ethics Review Committee.
Personal Gain. First, the conditions that surround the creation of concession agreements are highly conducive to corruption, exhibiting three of five key causes of corruption identified by the World Bank: lack of institutional restraints, lack of transparency of actors, and lack of general accountability.44 In the context of 43. See, e.g., id.
Personal Gain. Section 1. The members of the Sigma Iota Epsilon at Indiana University ▇’▇▇▇▇▇ School of Public and Environmental Affairs fraternity shall not have any monetary personal fraternity members shall receive items or benefits that fall only into the following categories: Hotel/lodging, use of fraternity equipment, use of facilities during Sigma Iota Epsilon at Indiana University ▇’▇▇▇▇▇ School of Public and Environmental Affairs meetings or events, any membership benefits provided at the national level, any fraternity clothing that is provided, reimbursement for certain fraternity expenses as defined by the executive board, ability to participate in meetings and events and any other benefits the executive board deems necessary excluding the dispersal of cash.
A) This excludes a faculty advisor or professional board members working for a salary or not as defined by fraternity agreements with these individuals.
Personal Gain. 12.1 The Employee shall not, except with prior written approval of the Company, during the term of the Employment Agreement, accept or solicit any commission, allowance, gift or consideration whatsoever from (potential) customers, suppliers or competitors of the Company. Any unsolicited consideration received by the Employee shall be returned immediately and the Employee shall forthwith inform the Company. Usual promotional gifts with limited or no commercial value shall not be regarded as consideration of the purpose of this article. In case of doubt, the Employee shall always consult with the Company.
Personal Gain. 3.2.1 Exercise the powers invested for the good of all members of the South African National Quran Council rather than for his or her personal benefit.
Personal Gain. An action taken by the Indemnitee with the intent of realizing unlawful personal gain, including without limitation, in connection with the purchase and sale by such Indemnitee of securities in violation of Section 16(b) of the Exchange Act or any similar successor statute; or