Common use of DUTY TO DISCLOSE Clause in Contracts

DUTY TO DISCLOSE. Employee will provide the CEO and Board with a report on the existence of any actual conflicts of interest. In connection with any actual conflicts of interests, Employee will confidentially disclose the existence of any conflicts of interests, including her financial interest and the minimum about of facts necessary to assess the conflict of interest, to the CEO and Board or to any special committees with Board delegated powers considering the proposed transaction or arrangement. If the Board or committee has reasonable cause to believe that Employee has failed to disclose any actual conflict of interest, it shall inform Employee of the basis for such belief and afford Employee an opportunity to explain the alleged failure to disclose.

Appears in 4 contracts

Samples: Employment Agreement (Cancer Genetics, Inc), Employment Agreement (Cancer Genetics, Inc), Employment Agreement (Cancer Genetics, Inc)

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DUTY TO DISCLOSE. Employee will provide the CEO and Board with a report on the existence of any actual or the appearance of any conflicts of interest. In connection with any actual conflicts of interestsinterests or the appearance of a conflict of interest, Employee will confidentially disclose the existence of any conflicts of interests, including her Employee’s financial interest and the minimum about of facts necessary to assess the conflict of interest, to the CEO and Board or to any special committees with Board delegated powers considering the proposed transaction or arrangement. If the Board or committee has reasonable cause to believe that Employee has failed to disclose any actual conflict of interest, it shall inform Employee of the basis for such belief and afford Employee an opportunity to explain the alleged failure to disclose.

Appears in 2 contracts

Samples: Employment Agreement (Vyant Bio, Inc.), Employment Agreement (Vyant Bio, Inc.)

DUTY TO DISCLOSE. Employee will provide the CEO and Board with a an update on or report on the existence of any actual conflicts of interest. In connection with any actual conflicts of interests, Employee will confidentially disclose the existence of any conflicts of interests, including her his financial interest and the minimum about of facts necessary to assess the conflict of interest, to the CEO and Board or to any special committees with Board delegated powers considering the proposed transaction or arrangement. If the Board or committee has reasonable cause to believe that Employee has failed to disclose any actual conflict of interest, it shall inform Employee of the basis for such belief and afford Employee an opportunity to explain the alleged failure to disclose.

Appears in 1 contract

Samples: Employment Agreement (American Caresource Holdings, Inc.)

DUTY TO DISCLOSE. Employee will provide the CEO and Board with a report on the existence of any actual conflicts of interest. In connection with any actual conflicts of interests, Employee will confidentially disclose the existence of any conflicts of interests, including her his financial interest and the minimum about of facts necessary to assess the conflict of interest, to the CEO and Board or to any special committees with Board delegated powers considering the proposed transaction or arrangement. If the Board or committee has reasonable cause to believe that Employee has failed to disclose any actual conflict of interest, it shall inform Employee of the basis for such belief and afford Employee an opportunity to explain the alleged failure to disclose.

Appears in 1 contract

Samples: Employment Agreement (Cancer Genetics, Inc)

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DUTY TO DISCLOSE. Employee will provide the CEO and Board with a report on the existence of any actual or the appearance of any conflicts of interest. In connection with any actual conflicts of interestsinterests or the appearance of a conflict of interest, Employee will confidentially disclose the existence of any conflicts of interests, including her Employee’s financial interest and the minimum about amount of facts necessary to assess the conflict of interest, to the CEO and Board or to any special committees with Board delegated powers considering the proposed transaction or arrangement. If the Board or committee has reasonable cause to believe that Employee has failed to disclose any actual conflict of interest, it shall inform Employee of the basis for such belief and afford Employee an opportunity to explain the alleged failure to disclose.

Appears in 1 contract

Samples: Employment Agreement (Vyant Bio, Inc.)

DUTY TO DISCLOSE. Employee will provide the CEO and Board with a report on the existence of any actual or the appearance of any conflicts of interest. In connection with any actual conflicts of interestsinterests or the appearance of a conflict of interest, Employee will confidentially disclose the existence of any conflicts of interests, including her his financial interest and the minimum about of facts necessary to assess the conflict of interest, to the CEO and Board or to any special committees with Board delegated powers considering the proposed transaction or arrangement. If the Board or committee has reasonable cause to believe that Employee has failed to disclose any actual conflict of interest, it shall inform Employee of the basis for such belief and afford Employee an opportunity to explain the alleged failure to disclose.

Appears in 1 contract

Samples: Employment Agreement (Cancer Genetics, Inc)

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