Definitions

Conflict of Interest:
A potential conflict of interest occurs when there is a divergence between private interests and professional obligations to the University such that an independent observer might reasonably question whether the professional actions or decisions are determined by personal financial gain.

Conflict of Time Commitment:
A potential conflict of time commitment exists when professional activities external to the University exceed reasonable time limits or whenever primary professional responsibility is not to the University.

Covered Individuals:
Kansas State University policy covers all full-time unclassified faculty and staff and all others who have potential or possible conflicts of interest or time commitments.

Family:
Family includes spouse, dependent children, and members of personal household.

Significant Financial Interest:
Anything if monetary value including, but not limited to, salary or other payments for services (e.g., consulting fees or honoraria), equity interests (e.g., stocks, stock options, or other ownership interests), and intellectual property rights (e.g., patents, copyrights, royalties from such rights).

1. Salary, royalties, or other remuneration from the University, including funds and holdings acquired through the Regents' retirement programs;
    
2. Income (e.g., salary, fees, or other continuing payments) in an amount of $10,000 or less per annum from any one business enterprise or entity when aggregated for the employee and members of his/her family.
    
3. Financial interest in any one business enterprise or entity if the value of those interests does not exceed a five percent ownership interest when aggregated for the employee and members of his/her family.