Looking for an agreement? Search from over 1 million agreements now.

Code of Business Conduct And Ethics

This is an actual contract by Alpha Pro Tech.

Save time and money with our Premium Packages.
Buy all (8) recommended agreements for
$140.00 (50% savings)
Agreement Preview
Related Agreement Types:
Search This Document
EXHIBIT 10 (r)


ALPHA PRO TECH. LTD.


CODE OF BUSINESS CONDUCT AND ETHICS


The Board of Directors of Alpha Pro Tech, Ltd. (with its subsidiaries, the "Company") has adopted this code of ethics (this "Code") to:


? promote honest and ethical conduct, including fair dealing and the ethical handling of conflicts of interest;


? promote full, fair, accurate, timely and understandable disclosure;


? promote compliance with applicable laws and governmental rules and regulations;


? ensure the protection of the Company's legitimate business interests, including corporate opportunities, assets and confidential information; and


? deter wrongdoing.


All directors, officers and employees of the Company are expected to be familiar with the Code and to adhere to those principles and procedures set forth in the Code that apply to them. The Company's more detailed policies and procedures set forth in the Employee Manual are separate requirements and are not part of this Code.


For purposes of this Code, the "Code of Ethics Contact Person" will be different for various employees. The Chief Executive Officer of the Company will act as the Ethics Program Director and the Code of Ethics Contact Person for all officers, directors, managers and supervisors. All other employees will contact their supervisor or manager.


From time to time, the Company may waive some provisions of this Code. Any waiver of the Code for executive officers or directors of the company may be made only by the Board of Directors and must be promptly disclosed on a Form 8-K within five days, or by posting a notice on our website, or as otherwise may be required by SEC or American Stock Exchange rules. Any waiver for other employees may be made only by the Ethics Program Director.


I. Honest and Candid Conduct


Each director, officer and employee owes a duty to the Company to act with integrity. Integrity requires, among other things, being honest and candid. Deceit and subordination of principle are inconsistent with integrity.


Each director, officer and employee must:


? Act with integrity, including being honest and candid while still maintaining the confidentiality of information where required or consistent with the Company's policies.


? Observe both the form and spirit of laws and governmental rules and regulations, accounting standards and Company policies.


? Adhere to a high standard of business ethics.


II. Conflicts of Interest


A "conflict of interest" occurs when an individual's private interest interferes or appears to interfere with the interest of the Company. A conflict of interest can arise when a director, officer or employee takes actions or has interests that may make it difficult to perform his or her Company work objectively and effectively. for example, a conflict of interest would arise if a director, officer or employee, or a member of his or her family, receives improper personal benefits as a result of his or her position in the Company. Any material transaction or relationship that could reasonably be expected to give rise to a conflict of interest should be discussed with the Code of Ethics Contact Person.


Service to the Company should never by subordinated to personal gain and advantage. Conflicts of interest should, wherever possible, be avoided.


In particular, conflict of interest situations involving directors, executive officers and other employees who occupy supervisory positions or who have discretionary authority in dealing with any third party specified below would include the following:


? any significant ownership interest in any supplier or customer or client;


? any consulting or employment relationship with any customer/client, supplier or competitor;


? any outside business activity that detracts from an individual's ability to devote appropriate time and attention to his or her responsibilities with the Company;


? the receipt of non-nominal gifts or excessive entertainment from any entity with which the Company has current or prospective business dealings;


? being in the position of supervising, reviewing or having any influence on the job evaluation, pay or benefit of any immediate family member; and


? selling anything to the Company or buying anything from the Company, except on the same terms and conditions as comparable directors, officers or employees are permitted to so purchase or sell.


Such situations, if material, should always be discussed with the Code of Ethics Contact Person.


Anything that would present a conflict for a director, officer or employee would likely also present a conflict if it is related to a member of his or her family.


III.
-- End of Preview --
Home| About Us| FAQ| Subscription | Contact Us |

Privacy Policy   Terms of Service  54.227.76.35