Gifts definition

Gifts means, for purposes of this Policy, money, advances, personal services, gratuities, loans, extensions of credit, forgiveness of debts, memberships, subscriptions, travel, meals, charitable donations, refreshments, hospitality, promises, discounts or forbearance that are not generally available to members of the public. A Gift need not be intended to influence or reward an Employee.

Gifts means cash or other tangible items of value. The term shall not include entertainment (including, among other things, tickets to sporting and other events and food and dining) provided in furtherance of a legitimate business purpose.

Gifts mean anything of value, whether tangible or intangible, real or personal property, goods or services, that provides a personal benefit to an individual when the individual does not provide full consideration for the value of the benefit received.

Examples of Gifts in a sentence

• Nothing contained in this Agreement shall abridge the right of either Party to solicit gifts, contributions and grants (hereinafter collectively, "Gifts") independently of the other for its sole use and benefit, or prevent the creation or continuation by either Party of either new or existing funds, programs or activities for the receipt of solicitation of Gifts.

• Gifts and contributions made to either Party at any time subsequent to the effective date of this Agreement, and any grants or endowments held by either Party at the time of the execution of this Agreement, shall be the sole property of the Party receiving or holding them.

• Gifts that have recording equipment are not permitted to be used at the Centre, this includes but is not limited to Ipads, cell phones and cameras.

More Definitions of Gifts

Gifts means cash or other tangible items of value other than Entertainment.

Gifts means anything of value including a loan at a rate that is substantially less than a prevalent commercial rate, compensation for goods or services exceeding fair market value, goods or services provided for less than fair market value, gratuity, entertainment, hospitality or forbearance, unless consideration of equal or greater value is received.

Gifts means intervivos gifts and donations during the donor’s lifetime.

Gifts means the rewards provided under this Programme which includes goods, merchandise, retail, dining, shopping and book vouchers (collectively referred to as “Vouchers”), products, services, travel packages, annual fee, cash back, service tax and/ or any other rewards in this Programme.

Gifts means any item of value, such as discounts, gift cards, cash, favors, subsidies, loans, goods, services, meals outside the ordinary workplace or of excessive value, trips, accommodation or entertainment received by a third party. A third party is any individual or entity outside GAP with whom an employee may have contact in the performance of their activities. The following should be taken into account when giving or receiving gifts:

Gifts means, for the purposes of this Policy, money, advances, personal services, gratuities, loans, extensions of credit, forgiveness of debts, memberships, subscriptions, travel, meals, charitable donations, refreshments, hospitality, promises, discounts or forbearance that are not generally available to members of the public. A Gift need not be intended to influence or reward an Employee.

Gifts means any gift of a substantial value or of a cash or non-cash nature or the offer of gratuitous services whether actual or potential and whether offered/made directly or indirectly or whether made to an Employee or to his/her Immediate Family. “Gifts” shall exclude any gifts of a festive seasonal nature, which are consumable or a “souvenir” items such as calendars, diaries, desk diaries, which have no monetary value or of low monetary value (less than RM250).