Whenever the following terms are used in this Chapter, they shall be defined as provided in this section.
A. "Appointee" means all appointed members of any board, commission or committee and of any subcommittee thereof.
B. "Employee" means any full-time, part-time, or contractual employee of the Village, whose employment duties are subject to the direction and control of an employer with regard to the material details of how the work is to be performed, but does not include an independent contractor.
C. "Financial interest" means any economic interest or relationship, whether by ownership, trust, purchase, sale, lease, contract, option, investment, employment, gift, fee or otherwise; whether present, promised or reasonably expected; whether direct or indirect; whether or not legally enforceable; whether in the person or in a parent or subsidiary corporation, or in another subsidiary of the same parent corporation. A financial interest shall include, but is expressly not limited to, any economic interest, as set forth above, of a spouse or minor child, as well as any economic interest held by an agent on behalf of an officer, appointee or employee, his spouse or minor child, by a business entity managed or controlled by, or by a trust in which an officer, appointee or employee has a substantial interest. A business entity is controlled by an officer, appointee or employee when that person's spouse or minor child, singly or in the aggregate, possess a majority ownership interest in the entity. An officer, appointee or employee has a substantial interest in a trust when that person, the spouse or minor child, singly or in the aggregate, have a present or future interest worth more than one thousand dollars ($1,000.00). "Financial Interest" shall not include ownership through purchase at fair market value of less than one percent (1%) of the share of a parent, subsidiary or other affiliated corporation whose shares are registered and traded on a nationally recognized securities market. "Financial Interest" shall also not include authorized compensation or salary paid to an officer, appointee or employee for services rendered to the Village, or any economic benefit generally available to the residents of the Village.
D. "Officer" means any person elected or appointed to an office of the Village, as defined in the Village Charter and Articles 3.1 and 5 of the Illinois Municipal Code, regardless of whether the official is compensated.
E. "Recuse" means to refrain from participation in the discussion, deliberation, consideration and voting on a matter. A person who is recused from participation in a matter shall not sit with the board, commission or committee while the matter is under consideration, and shall not be counted toward a quorum of that body for purposes of the consideration of such matter.
(MC-7-2009, Added, 01/05/2010)