Material Financial Relationship definition

Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift from a designated person during the immediately preceding twelve months, equivalent to at least 25% of the annual income of such designated person but shall exclude relationships in which the payment is based on arm’s length transactions.

Material Financial Relationship means any financial interest of more than five percent of total annual revenue or total annual income of a certified IDR entity or an officer, director, or manager thereof, or of a reviewer or reviewing physician employed or engaged by a certified IDR entity to conduct or participate in any review in the Federal IDR Process. The terms annual revenue and annual income do not include mediation fees received by mediators who are also arbitrators, provided that the mediator acts in the capacity of a mediator and does not represent a party in the mediation.

Examples of Material Financial Relationship in a sentence

• Material Financial Relationship shall mean a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift from a Designated Person during the immediately preceding twelve months, equivalent to at least 25% of the annual income of such Designated Person but shall exclude relationships in which the payment is based on arm’s length transactions.

• Every Designated Person shall be required to disclose their name and PAN or any other identifier authorised by law for himself and his Immediate Relatives, persons with whom such a Designated Person shares a Material Financial Relationship, phone and mobile numbers which are used by them, names of educational institutions from which the Designated Persons have graduated and names of their past employers, etc.

• Details of Persons with whom I share material financial relationship: Sl.No.Name of the PersonNote: Material Financial Relationship means a person who is a recipient of loan/gift amounting to not less than 25% of your annual income during the preceding 12 months, excluding arms’ length transactions.

• In case of any changes in such information, the Designated Person shall inform the Company of such change promptly: a) Immediate Relatives b) persons with whom such Designated Person(s) shares a Material Financial Relationship c) Phone numbers including mobile numbers which are used by the above persons In addition, the names of educational institutions from which designated persons have graduated and names of their past employers shall also be disclosed on a one-time basis to the Company.

• Designated Persons are also required to disclose the information pertaining to them, their immediate relatives and of persons with whom they share Material Financial Relationship annually and as and when the information changes in the format given in Annexure-VI.

More Definitions of Material Financial Relationship

Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall

Material Financial Relationship means a relationship in which one person is recipient of any kind of payment such as by way of loan or gift from a designated person during immediately preceding twelve months, equivalent to atleast 25% of Designated Person’s annual income but shall exclude relationships in which the payment is based on arm’s length transaction.

Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift from a designated person during the immediately preceding twelve months, equivalent to at least 25% of the annual income of such designated person, but shall exclude relationships in which payment is based on arm’s length transactions. Designated Persons shall also disclose the following information to the Company, on a one time basis: Names of educational institutions from where Designated Persons have graduated; Names of the past employers of the Designated Persons.

Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift

Material Financial Relationship means

Material Financial Relationship means a relationship that the Designated Person shares with another person by virtue of such person being a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such Designated Person’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.”

Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of loan or gift from a designated person during the immediately preceding twelve months, equivalent to at least 25% of the annual income of such