Corrupt Payment definition

Corrupt Payment means: (a) the direct or indirect payment, promise, offer or authorization of anything of value to any government official to induce him or her to violate a lawful duty or improperly help the Customer and/or Allevi to obtain or retain business; (b) the direct or indirect payment, promise, offer or authorization of any illegal contributions relating to political activity in order to help the Customer and/or Allevi obtain or retain business; and (c) the payment, promise, offer or authorization of anything of value to any director, officer, employee or representative of any customer or supplier, to encourage the recipient to violate any lawful duty he or she owes to his or her employer.
Sample 1
Corrupt Payment means the offering, authorization, commitment, or provision of anything of value, e.g., cash or cash cards, travel, gifts or gift cards, scholarships for family members, etc., either directly or indirectly to a Government Official or to an officer, director, employee, agent, representative or consultant of a commercial entity, in an attempt to induce the recipient:  To grant favorable action, including the award of business to Iochpe-Maxion; To refrain from official action contrary to the interests of Iochpe-Maxion; To use his or her influence to secure action or inaction of a third party to advance the interests of Iochpe-Maxion; To receive special treatment so Iochpe-Maxion can avoid fines/citations, etc.; and/or Otherwise to obtain an improper business advantage.
Sample 1
Corrupt Payment means the offering, authorization, commitment, or provision of anything of value (e.g., cash, travel, gifts, scholarships for family members, etc.), either directly or indirectly to a Government Official (defined below) or to an officer, director, employee, agent, representative, or consultant of a commercial entity or a private party, in an attempt to induce the recipient:• To misuse his or her position to grant action favorable to Intuitive Surgical’s interest;• To refrain from official action contrary to Intuitive Surgical’s interests;• To use his or her influence to secure action or inaction of a third party to advance Intuitive Surgical’s interests; or• To otherwise obtain for Intuitive an improper business advantage.
Sample 1

Examples of Corrupt Payment in a sentence

  • UTC will terminate the employment of any employee who authorizes, offers, promises, or makes, directly or indirectly, any Corrupt Payment by or on behalf of UTC.

  • It is the policy of Iochpe-Maxion not to make a Corrupt Payment under any circumstances, directly or indirectly.

  • The Awardee shall also comply with the EST Corrupt Payment and Gifts Policy and the EST Code of Conduct at Appendices A and B respectively.

  • Under no circumstances shall any contribution be offered or made that would create an irreconcilable conflict of interest for a UTC employee (see CPM 7: Conflict of Interests), constitute or create the appearance of a Corrupt Payment, violate applicable law, or otherwise create the appearance of impropriety or harm the reputation of UTC.

  • Under no circumstances shall any Political Contribution be offered or made that would constitute or create the appearance of a Corrupt Payment.

  • Reaching the Corrupt Payment RecipientThe FCPA prohibits making a corrupt payment, but not receiving one.

  • Each member of the UTC Board of Directors, all other UTC directors (employee or non-employee), and all UTC officers and indirect/salaried employees shall annually represent in writing that he or she is either aware or not aware of a Corrupt Payment, or other violation of this Policy, that has not been formally reported to UTC ethics and compliance personnel or legal counsel.

  • To ensure appropriate investigation, and that refusal is not based upon knowledge of a Corrupt Payment, Operating Unit legal counsel shall contact each respondent who either reports awareness of matters or refuses to provide a written representation.

  • Please note that gifts, entertainment or travel that may be permitted by the GME Procedure may still be a Corrupt Payment prohibited by this Procedure if made for an improper purpose.

  • It is the policy of Intuitive Surgical to not make a Corrupt Payment under any circumstances, either directly or indirectly.

Related to Corrupt Payment

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • Kickback, as used in this clause, means any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided to any prime Contractor, prime Contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contract or in connection with a subcontract relating to a prime contract.

  • Corrupt activities means any corrupt activities as contemplated in the Prevention and Combating of Corrupt Activities Act 2004 (Act no. 12 of 2004)

  • Applicable Anti-Corruption and Bribery Laws means international, federal, state, provincial and local laws, rules, regulations, directives and governmental requirements currently in effect and as they become effective relating in any way to the Contractor’s provision of goods and/or services to Authority, including without limitation “FCPA” or any applicable laws and regulations, including in the jurisdiction in which the Contractor operates and/or manufac- tures goods for the Authority, relating to anti-corruption and bribery.

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or non-U.S. anti-corruption or anti-bribery laws or regulations.

  • U.S. Source Withholdable Payment means any payment of interest (including any original issue discount), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, and other fixed or determinable annual or periodical gains, profits, and income, if such payment is from sources within the United States. Notwithstanding the foregoing, a U.S. Source Withholdable Payment does not include any payment that is not treated as a withholdable payment in relevant U.S. Treasury Regulations.

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Anti-Bribery Laws means the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977, as amended, and all other applicable anti-corruption and bribery Laws (including the U.K. Xxxxxxx Xxx 0000, and any rules or regulations promulgated thereunder or other Laws of other countries implementing the OECD Convention on Combating Bribery of Foreign Officials).

  • Non-United States Tax Person Any Person other than a United States Tax Person.

  • Bribery means the act of unduly offering, giving, receiving or soliciting anything of value to influence the process of procuring goods or services, selecting consultants, or executing contracts.

  • Anti-Bribery Law means any bribery, fraud, kickback, or other similar anti-corruption law or regulation to which You are subject in relation to the arrangements contemplated by these Terms (including without limitation the Xxxxxxx Xxx 0000 and the Criminal Finances Act 2017);

  • Government Official means any officer or employee of a Governmental Authority or any department, agency or instrumentality thereof, including state-owned entities, or of a public organization or any person acting in an official capacity for or on behalf of any such government, department, agency, or instrumentality or on behalf of any such public organization.

  • UK Bribery Act means the United Kingdom Xxxxxxx Xxx 0000.

  • Trafficking of persons means the recruitment, transportation, transfer, harbouring or receipt of persons, by means of the threat of or use of force or other forms of coercion, of abduction, of fraud, of deception, of the abuse of power or of a position of vulnerability or of the giving or receiving of payments or benefits to achieve the consent of a person having control over another person, for the purpose of exploitation. Exploitation shall include, at a minimum, the exploitation of the prostitution of others or other forms of sexual exploitation, forced labour or services, slavery or practices similar to slavery, servitude or the removal of organs.

  • United States Tax Person A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any State thereof or the District of Columbia, an estate whose income from sources without the United States is includible in gross income for United States federal income tax purposes regardless of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States Tax Persons have the authority to control all substantial decisions of the trust, all within the meaning of Section 7701(a)(30) of the Code (or, to the extent provided in the applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as United States Tax Persons).

  • Sanctions and Export Control Laws means any applicable Law related to (a) import and export controls, including the U.S. Export Administration Regulations, (b) economic sanctions, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the European Union, any European Union Member State, the United Nations, and Her Majesty’s Treasury of the United Kingdom or (c) anti-boycott measures.

  • Privacy Laws means the Act; and the Information Privacy Principles set out in the Act or any "code of practice" approved under the Act that applies to any of the parties to this Contract.

  • Corruption means the abuse of entrusted power for private gain. It may include improperly influencing the actions of another party or causing harm to another party. The gain or benefit may be for the person doing the act or for others.

  • National Road Traffic Act means the National Road Traffic Act, 1996 (Act 93 of 1996);

  • Local Government Act means the Local Government Act, R.S.B.C. 2015, c. 1, as amended, replaced, restated, or re-enacted from time to time;

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Government record or "record" means any paper, written or

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.