Duty of loyalty means a breach of fiduciary duty by an Executive which constitutes a willful failure to deal fairly with the Corporation or its stockholders in connection with a transaction in which the Executive has a material undisclosed personal conflict of interest.
Duty of loyalty means a breach of fiduciary duty by the Executive which constitutes a willful failure to deal fairly with the Company or its stockholders in connection with a transaction in which the Executive has a material undisclosed personal conflict of interest.
Duty of loyalty means each member must put the interests of the Authority over his or her own interests or the interests of family members and other persons, businesses or organizations in which they may be involved.
Examples of Duty of loyalty in a sentence
Enacted by Chapter 89, 2004 General Session 75-7-802 Duty of loyalty.
Duty of loyalty, authorization and ratification of otherwise violative conduct.
Duty of loyalty issues typically arise when there is a conflict of interest between the charity’s best interests and the personal interests of the director, as exemplified in the Self-Dealing Transactions section below.
Duty of loyalty The Directors must perform their tasks with the loyalty of a faithful representative, acting in good faith and in the Company's best interests.
Duty of loyalty (1) Editorial House’s duty of loyalty towards Client obliges Editorial House to give advice that is objective and conducive to Client’s objectives and to select third-party companies accordingly, e.g. for production processes.
More Definitions of Duty of loyalty
Duty of loyalty means a breach of fiduciary duty by a Director or Officer which constitutes a willful failure to deal fairly with the corporation or its stockholders in connection with a transaction in which the Director or Officer has a material undisclosed direct personal conflict of interest. For this purpose, it shall not be deemed a breach of any Director’s duty of loyalty by reason of such Director taking action, or inaction, as a Director that may be deemed to be in the best interests of his or her employer.
Duty of loyalty means the fiduciary duty of the Committee Member to refrain from any act or omission which the Committee Member knows or believes to be contrary to the best interests of the Company or the Company's stockholders in connection with a matter in which the Committee Member has a material conflict of interest.
Duty of loyalty means the duty of the EMC members to act in good faith in the interest of the Bank. The duty of loyalty shall prevent individual EMC members from acting in their own interest, or the interest of another individual orgroup, at the expense of the Bank;
Duty of loyalty means the duty to act in good faith in the interests of the Bank. The duty of loyalty should prevent individual Directors from acting in their own interests, or in the interests of another individual or group, at the expense of the Bank and shareholders;
Duty of loyalty. During employment with J103, employee covenants and agrees that employee will not: (1) perform any services, directly or indirectly, for any person or entity (including any client of J103) that is engaged in competition with the Business; (2) compete, directly or indirectly, with any products or services marketed or offered by J103; or (3) engage in any activities which could be deemed to be a conflict of interest with J103 or otherwise detrimental (either monetarily or reputationally) to J103.
Duty of loyalty. A board member must never use information gained through his/her position for personal gain, and must always act in the best interests of the FJHG.
Duty of loyalty means the legal obligation to act honestly and in good faith and in the best interests of the members of the Federation and/or the respective pension and benefit plan participants.