Modest Gift definition

Modest Gift means a Gift that has a current market value of one hundred dollars ($100.00) or less;
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Modest Gift means a gift, present, honorarium or similar asset offered without compensation that has a current market value of one hundred dollars ($100.00) or less, and "Gift" has a corresponding meaning but without a value attribution;
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Modest Gift means a Gift that has a current market value of two hundred and fifty dollars ($250.00) or less;
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Examples of Modest Gift in a sentence

  • When Directors, Officers and Managers are invited to address or otherwise contribute to an external organization in a seminar, symposium or lecture forum, solely as a result of their position with the Corporation, fees or honoraria (if in excess of an amount equal to the value of a Modest Gift or such higher amount as the Board may stipulate) shall be turned over to the Corporation.

  • If a gift valued at more than a Modest Gift is received by the Chair of the Board, the Vice Chair or the Past Chair of the Board will determine whether it should be retained, returned or donated to charity, having regard to the principles set out in this Code of Conduct.

  • If a gift valued at more than a Modest Gift is received by a Director, Officer, Committee Member or a related person, the Chair of the Board (in the case of a Director or Officer) and the Chair of the Committee (in the case of a Committee Member) will determine whether it should be retained, returned or donated to charity, having regard to the principles set out in this Code of Conduct.

  • The financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting in accordance with the accounting principles generally accepted in India (GAAP) and provisions of the Companies Act 1956, read with the Companies (Accounting Standard) Rules, 2006 (Accounting Standard Rules) as well as applicable pronouncements of the Institute of Chartered Accountant of India.

  • When Directors, Officers and Committee Members are invited to address or otherwise contribute to an external organization in a seminar, symposium or lecture forum, solely as a result of their position with the Corporation, fees or honoraria (if in excess of an amount equal to the value of a Modest Gift or such higher amount as the Board may stipulate) shall be turned over to the Corporation.

  • When Directors, Officers and Committee Members are invited to address or otherwise contribute to an external organization in a seminar, symposium or lecture forum, solely as a result of their position with the Association, fees or honoraria (if in excess of an amount equal to the value of a Modest Gift or such higher amount as the Board may stipulate) shall be turned over to the Association.

  • If a gift valued at more than a Modest Gift is received by a Committee Chair, the Chair of the Board will determine whether it should be retained, returned or donated to charity, having regard to the principles set out in this Code of Conduct.

  • Principle 3: Modest Gift Giving and Receiving Petrofac recognises the giving and receiving of gifts as part of normal business relations provided these are not intended to unfairly influence or could be perceived as unfairly influencing business decisions or transactions, such as, but not limited to, the award of contracts to or by Petrofac.

Related to Modest Gift

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