COIRC Glossary

A benefit is anything reasonably regarded as pecuniary gain or pecuniary advantage, including benefit to any other person in whose welfare an Institution Employee has a direct and substantial interest. (Regents’ Rule 03.01.4) Pecuniary gain or advantage includes monetary, financial or economic gain or advantage.

Any company or corporation, any partnership, sole proprietorship, firm, franchise, association, organization, holding company, joint stock company, receivership, trust (business, real estate, estate planning, or otherwise), enterprise, or any other legal entity whether organized for profit or not-for-profit, including any entity controlled by, controlling, or under common control with any such entity, but excluding TTUS or any of its constituent entities.

(TTUHSC) A conflict of commitment refers to a situation where an Employee engages in external activities, either paid or unpaid, that interfere with his/her obligation and commitment to the Institution. Employees should evaluate and arrange their external interests in order to avoid compromising their ability to carry out their obligations to the Institution. A conflict of commitment occurs whenever an Employee’s outside activities exceed the permitted limits or whenever an Employee’s professional loyalty is not to the Institution.