Customary Standard definition

Customary Standard has the meaning specified in Section 7.

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Customary Standard means that the Gift is consistent with the value of gifts typically exchanged between representatives of organizations as a matter of custom and protocol in the host country (or the country of the person offering the Gift). The Gift should have a symbolic or trivial value, which is open to a certain degree of interpretation based on specific local and regional circumstances, it constitutes a globally applicable maximum limit in respect of the kind of Gift that may be given or accepted. In any event, the Gift must always comply with the other criteria in this Policy in order not to violate the Integrity Code. In terms of Hospitality, it means it is consistent with a day or part of a day at a sporting, cultural, entertainment, conference, convention or other event, including a ticket or accreditation, local transportation to and from the event, and meals throughout the day that is the prevailing standard in the host country.

Customary Standard means that the Gift is consistent with the value of gifts typically exchanged between representatives of organisations as a matter of custom and protocol in the host country (or the country of the person offering the Gift). The Gift should have a symbolic or trivial value, which is open to a certain degree of interpretation based on specific local and regional circumstances, it constitutes a globally applicable maximum limit in respect

Examples of Customary Standard in a sentence

• The Contractor shall re-perform, without additional compensation, any services not meeting this Customary Standard of Care.

• The Contractor will re-perform, without additional compensation, any services not meeting this Customary Standard of Care.

• The Contractor shall be and remains liable to the City for the accuracy and competency of its work within the Customary Standard of Care.

• The Contractor shall be and remains liable to the County for the accuracy and competency of plans, specifications, or other documents, within the Customary Standard of Care.

• MCC shall perform the Management Services in a commercially reasonable manner and shall apply at least the same standard of care, diligence and prudence in such performance as it does with respect to its own or its Affiliates' lease portfolios, and shall not discriminate against Purchaser in favor of any other Person, including MCC or any Affiliate of MCC, for whom it provides similar services, nor shall it offer priority to Purchaser (such standard, the "Customary Standard").

• Contractor will re-perform, without additional compensation, any services or Work not meeting this Customary Standard of Care.

More Definitions of Customary Standard

Customary Standard means that the Gift is consistent with the value of gifts typically exchanged between representatives of organisations as a matter of custom and protocol in the host country (or the country of the person offering the Gift).