material relationship means one actually known of a personal, familial or business nature between the Broker and affiliated licensees and a client which would impair their ability to exercise fair judgment relative to another client.
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.
More Definitions of material relationship
material relationship has not been defined by the Commission. However, the Commission has indicated that it will probably construe as a "material relationship" any relationship which tends to prevent arms length bargaining in dealings with a company, whether arising from a close business connection or family relationship, a relationship of control or otherwise. It seems prudent, therefore, to consider that the undersigned would have such a relationship, for example, with any organization of which the undersigned is an officer, director, trustee or partner or in which the undersigned owns, directly or indirectly, 10% or more of the outstanding voting stock, or in which the undersigned has some other substantial interest, and with any person or organization with whom the undersigned has, or with whom any relative or spouse of the undersigned (or any other person or organization as to which the undersigned has any of the foregoing other relationships) has, a contractual 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 in which an attorney-in-fact, trustee, manager, officer or director of a captive insurer, any member of such a person’s immediate family or any business with which such a person is affiliated receives compensation or payment of any other items of value from the captive insurer or a consultant or service provider to the captive insurer of an amount greater than $15,000 within any one 12-month period.
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.