Material relationship definition

Material relationship means a relationship which could, in the view of the Board, reasonably interfere with the exercise of a director’s independent judgment. Without limiting the generality of the foregoing, the following persons are considered to have a material relationship with the Corporation:
Material relationship means a familial, financial, professional, employment, or other relationship that would reasonably be expected to impair the objectivity of the director’s judgment when participating in the action to be taken.
Material relationship means any relationship that could reasonably affect the independent judgment or decision making of a Public Director, which shall be subject to a one year look-back period.Circumstances in which a Public Director shall be considered to have a “material relationship” with the SEF include, without limitation: (i) such director is an Officer or an employee of the SEF, or an Officer or an employee of any of its affiliates (for the purposes of this definition “affiliate” includes parents or subsidiaries of the SEF or entities that share a common parent with the SEF or direct or indirect controlling interest holders); (ii) such director is a member of the SEF, or a director, a manager or an officer of a member (for the purposes of this definition “member” is defined according to Section 1a(34) of the CEA and any regulation promulgated thereunder, including, without limitation, CFTC Regulations 1.3(c) and 1.3(q)); or (iii) such director, or an entity of which the director is a partner, an officer or a director, received more than $100,000 in combined annual payments for legal, accounting, or consulting services from the SEF or any affiliate thereof (the term “affiliate” shall have the same meaning as stated above), except that compensation for services as a director of the registered entity or as a director of an affiliate thereof does not count toward the $100,000 payment limit, nor does deferred compensation for services rendered prior to becoming a director of the SEF, so long as such compensation is in no way contingent, conditional or revocable. All the relationships set forth in this definition shall apply to natural persons who have a Family Relationship with such Public Director.

Examples of Material relationship in a sentence

Except as described in the Disclosure Materials, no Material relationship, direct or indirect, exists between or among the Company or any of the Subsidiaries on the one hand, and the directors, officers, stockholders, affiliates, customers or suppliers of the Company or any of the Subsidiaries on the other hand.

Material relationship is a relationship that the Board determines, after a consideration of the relevant facts and circumstances, compromises the director's independence and could reasonably interfere with the exercise of the director's independent judgment.

Material relationship has not been defined by the Securities and Exchange Commission.

Material relationship can include, but are not limited to, commercial, industrial, banking, consulting, legal accounting, charitable and familial relationships.


More Definitions of Material relationship

Material relationship means a familial, financial, professional, employment or other relationship that would reasonably be expected to impair the objectivity of the director’s judgment when participating in the action to be taken.[PL 2007, c. 289, §3 (NEW).]
Material relationship means any relationship that could reasonably affect the independent judgment or decision making of a Public Director, which shall be subject to a one year look-back period.
Material relationship means a relationship between a person and a benefit corporation or any of its subsidiaries if any of the following apply: (A) The person is, or has been within the last three years, an employee other than a benefit officer of the benefit corporation or a subsidiary; (B) an immediate family member of the person is, or has been within the last three years, an executive officer other than a benefit officer of the benefit corporation or a subsidiary; or (C) there is beneficial or record ownership of five per cent or more of the outstanding shares of the benefit corporation, calculated on the assumption that all outstanding rights to acquire shares in the benefit corporation had been exercised, by (i) the person, or (ii) an entity (I) of which the person is a director, an officer or a manager; or (II) in which the person owns beneficially or of record five per cent or more of the outstanding equity interests, calculated on the assumption that all outstanding rights to acquire equity interests in the entity had been exercised.
Material relationship means a familial, financial, professional,
Material relationship means a relationship between a person and a benefit limited liability company if any of the following apply: (A) The person is, or has been within the last three years, a manager, a benefit officer or an executive officer of the benefit limited liability company; (B) an immediate family member of the person is, or has been within the last three years, a manager or executive officer of the benefit limited liability company; or (C) the person is, or has been within the last three years, a member of the benefit limited liability company and owns or has owned, directly or indirectly, five per cent or more of the transferable interests of the benefit limited liability company.
Material relationship means a relationship between a person
Material relationship means a familial, financial,