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<br />23.' Special Conditions - Beyond those conditions contained in this contract, special conditions may <br />be incorporated into a grant award letter. These mnditions upon acceptance by the Contractor <br />of the grant become a part of this contract, and IElgally binding under it. Contractor failure to <br />object in writing to special conditions or other terms within ten (10) days of th,e date the grant <br />award letter is received by I:he Contractor shall constitute acceptance of same for the purposes <br />of this paragraph. <br /> <br />24, Conflict of interest <br /> <br />a. No employee of the Contractor shall perform or provide part-time services for <br />compensation, monetary or otherwise, to a consultant or consultant firm that has been <br />retained by the Contractor under the authorily of this Contract. <br /> <br />b. The Contractor a~lrees that no person at any time exercising any function of <br />responsibility in connection with this project on behalf of the Contractor shall have or <br />acquire any personal financial or economic interest, direct or indirect, which will be <br />materially affected by this contract, except to the extent that he. may receive <br />compensation for his performanc'-e pursuant to this contract. <br /> <br />c. A personal financial: or economic interest includes, but is not limited to: <br />i) any businesil entity in which the pen50n has a direct or indirect monetary interest; <br />ii) any real property in which the pers.on has a direct or indirect monetary interest; <br />Hi) any source Clf income, loans, or giflil received by or promised to the person within <br />twelve (12) months prior to the execution date of this contract; <br />iv) any business entity in which the p.,rson is a director, officer, gemlral or limited <br />partner. trustee, employee, or holds any position of management. <br /> <br />For purposes of this subsection, indirect investment or interest means any inveslment or interest <br />owned by the spouse, parent, brother, sister, son, daughter., father-in-law, mother-in-law. <br />brother-in-law, sister-in-law, son-in-law, or daught"r-in-law of thE' person by an agent or his/her <br />behalf. by a general, limited or silent partner of the person, by any business entity controlled by <br />said person. or by a trust in which he/she has substantial interest. A business entity is <br />controlled by a person if that person, his/her agent, or a relative as defined above possesses <br />more than fifty percent (50%) of the ownership interest Said person has a substantial economic <br />interest in a trust when the person or an above-defined relative has a present or future interest <br />worth more than one thousand dollars ($1,OOO.OCi). <br /> <br />d. In the event a conflict of interest, as described in this Paragraph 24, cannot be <br />avoided without frustrating the purposes of this contract. the person involved in such <br />a conflict of interest shall submit to the Contractor and the State a full disclosure <br />statement settin!~ forth the details of such conflict of interest. In cases of extreme <br />and unacceptabl,e conflicts of interest, as determined by the State, the State reserves <br />the right to terminate the contract for calise, as provided in Paragraph 8 above. <br />Failure to file a clisclosure statement required by this Paragraph 24 shall constitute <br />grounds for termination of this contract for cause by the State. <br /> <br />25. Intearation - This contract as written with attachments and references, is intended as the <br />complete integration 01' all understanding between the parties at this time and no prior or <br />contemporaneous additions, deletion. or amendment hereto shall have any force or effect <br />whatsoever, unless emlJodied in a written contract amendment incorporatin~1 such changes, <br />executed and approved pursuant to applicable law. <br /> <br />Page -..2..of ,JL Pages <br />