Common use of Sample Language Clause in Contracts

Sample Language. Upon confirmation, I will resign from my position as managing member of ▇▇▇▇▇▇▇ Venture Capital, LLC, and I will become a non-managing member of this entity. During my appointment, I will not manage this entity or provide any other services to it. Instead, I will receive only passive investment income from it. As Under Secretary, I will not participate personally and substantially in any particular matter that to my knowledge has a direct and predictable effect on the financial interests of ▇▇▇▇▇▇▇ Venture Capital, LLC, unless I first obtain a written waiver, pursuant to 18 U.S.C. § 208(b)(1).

Sample Language. Upon confirmation, I will resign from my position as managing member of ▇▇▇▇▇▇▇ Venture Capital, LLC, and I will become a non-managing member of this entity. During my appointment, I will not manage this entity or provide any other services to it. Instead, I will receive only passive investment income from it. As Under Secretary, I will not participate personally and substantially in any particular matter that to my knowledge has a direct and predictable effect on the financial interests of ▇▇▇▇▇▇▇ Venture Capital, LLC, or its underlying holdings, unless I first obtain a written waiver, pursuant to 18 U.S.C. § 208(b)(1).