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 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.
Duty of loyalty means a breach of fiduciary duty by the Executive that constitutes a willful failure to deal fairly with the Company or its shareholders in connection with a transaction in which the Executive has a material undisclosed personal conflict of interest.
Examples of Duty of loyalty in a sentence
Duty of Loyalty Board members owe a duty of undivided and unqualified loyalty to the organization.
These are the Duty of Care, the Duty of Loyalty and the Duty of Obedience.
As such, Consultant has a fiduciary duty to the Authority and must provide both a Duty of Care and a Duty of Loyalty that entails the following.
The Agency shall at all times maintain an office or agency where Bonds may be presently for transfer or exchange, and where notices, presentations and demands upon the Agency in respect of the Bonds or of this Indenture may be served.
As such, MFSOK has a Fiduciary duty to the Client and must provide both a Duty of Care and a Duty of Loyalty that entails the following.
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 obligation to exercise the power of the board and its directors in the interest of the Center rather than in their own or anyone else’s interest.
Duty of loyalty. Do not use your position in the organization to further your private interests.
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 means that Board members should exercise their independent judgment and act without personal economic conflict. If they believe that they would personally benefit from the transaction they should refer to their Board Conflicts of Interest Policy and follow the conflicts procedure to identify and