Gift or benefit definition

Gift or benefit means a payment, distribution, expenditure, advance, deposit or donation of monies, any intangible personal property or any kind of tangible personal of real property that is not of nominal value such as a greeting card, t-shirt, mug or pen.
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Gift or benefit means a payment, distribution, expenditure,
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Gift or benefit means a thing or services with a monetary value of $100 or greater, but does not include the value of a social event paid for by a Supplier where the event is open to the Trustees generally.
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Examples of Gift or benefit in a sentence

  • A City Official shall take reasonable steps to persuade a parent, spouse, child, stepchild, or other relative within the second degree of Consanguinity or Affinity not to solicit, accept, or agree to accept any Gift or benefit which would violate Subsection (a) if the Official solicited, accepted, or agreed to accept it.

  • A City Official shall not solicit, accept or agree to accept any Gift or benefit except as authorized in Subsection (3) below.

  • Acceptance of any Gift or benefit of a value greater than $500.00 must be disclosed to Council and shall be noted in the minutes.

  • Any Employee that receives a gift that, according to this Policy, must be rejected or made available to the superior manager or the Compliance Committee, will thank the grantor and will inform him or her of the content of this Policy and must immediately inform their hierarchical superior as soon as the Gift or benefit is received.

  • To prevent undue influence and/or avoid the appearance of impropriety, Cedars-Sinai workforce members may not give or receive a Gift from a Vendor, patient, patient’s family member, physician, community benefactor, potential referral source, or others who may influence the recipient’s decision making, unless the Gift or benefit is given or accepted in accordance with this Policy.

  • In the event that the Integrity Commissioner makes that preliminary determination, he/she shall call upon the Member to justify receipt of the Gift or benefit.

  • Acceptance of any Gift or benefit of a value greater than $500.00 must be disclosed and recorded by the CAO.

  • Gift or benefit: iPad mini Value: $349.00 Donor: Fiona Armstrong, Executive Director, One-Stop Shop Strategy and Implementation Office Given to: Prize given by department to winner (randomly drawn on 26/03/2014), who completed the One-Stop Shop community engagement survey Retained: Yes Reason: Surveys with an incentive generate a stronger response and from a larger, more disinterested population base.

  • Should the Integrity Commissioner determine the receipt of a Gift was inappropriate, the Integrity Commissioner may direct the Member to return the Gift, reimburse the donor for the value of any Gift or benefit already consumed, or the Integrity Commissioner may order the Member to forfeit the Gift or remit the value of any Gift or benefit already consumed to the Town, or a Town agency, board or commission.

  • The St. Lawrence River Area of Concern includes about 80 kilometers (48 miles) of the river from the Moses-Saunders power dam to the eastern outlet of Lake St. Francis (Environment Canada 1997).


More Definitions of Gift or benefit

Gift or benefit means anything of value including but not limited to cash or monetary equivalent, fee, object of value, service, meal, travel, accommodation or entertainment;
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Gift or benefit means a payment, distribution, expenditure, advance, deposit or donation of monies, any intangible personal property or any kind of tangible personal or real property. Gift or benefit does not include either:
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Gift or benefit. – means cash, fees, admission fees, advances, vouchers, invitations, services, hospitality, travel and accommodation, entertainment or other thing or consideration, given, donated, transferred or otherwise conveyed to an employee, unless the giver, donor, transferor, or conveying person receives payment or other or other consideration of goods property, of equal or greater value to the value of what was so provided.
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Related to Gift or benefit

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Disability Benefit means the benefit set forth in Article 8.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Pecuniary benefit means benefit in the form of money, property, commercial interests or anything else the primary significance of which is economic gain. Expenses associated with social occasions afforded public servants shall not be deemed a pecuniary benefit.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Termination Benefit means the benefit set forth in Article 7.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Social Security Benefit means the Primary Insurance Amount to which a Participant becomes entitled at age sixty-five (65) under Social Security legislation in effect on the earliest of his Normal Retirement Date, early retirement date or Termination Date.

  • Actuarial equivalent means a benefit of equal value when