Representation Expenses definition

Representation Expenses means all expenses incurred and documented, for free disbursements of goods and services, made for promotional or public relations purposes reasonable for the purpose of generating (also potential) benefits for the Company or the Group, including non-monetary and/or indirect benefits.

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Representation Expenses means expenses of the Foundation on holding official receptions, organizing visits to cultural and entertainment events, catering at business meetings, translation services, and other organizational expenses that are allowed in accordance with current legislation;

Representation Expenses. You will receive a lump sum representation allowance of BF 13,000.-per month, if accepted by the Belgian tax administration.

Examples of Representation Expenses in a sentence

• Representation Expenses: The national and international representation expenses are expenses of the company and therefore are not income for any officer.

• Defence Costs and Legal Representation Expenses are part of, and not in addition to, the Limit of Liability as set forth in Item 2 of the Schedule; the payment by the Company of Defence Costs and Legal Representation Expenses erodes such Limit of Liability.

• Any advancement of Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses shall be repaid to the Company by the Insureds, severally according to their respective interests, if and to the extent it is determined that such Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses are not insured under this policy.

• Notwithstanding exclusion 4.A. (iv), coverage shall extend to Defence Costs, civil fines and penalties, Prosecution and Reputation Protection Costs or Crisis Expenses on account of any D&O Claim or Legal Representation Expenses in connection with an alleged violation or breach of an occupational health and safety law, including but not limited to, any workplace death, corporate manslaughter or industrial manslaughter law anywhere in the world.

• The Company shall not otherwise be liable for any Defence Costs, Legal Representation Expenses, any other element of Loss incurred, any obligation assumed or any admission made by any Insured without the Company’s prior written consent.

• If, because of an emergency, the Company’s prior written consent to any Defence Costs, Legal Representation Expenses or Crisis Expenses cannot be requested, Defence Costs, Legal Representation Expenses and Crisis Expenses can be incurred without that consent for a period of thirty (30) days immediately following the date on which the Claim was first made or the event for which Crisis Expenses may be incurred.

• If, because of an emergency, the Company’s prior written consent to any Defence Costs, Legal Representation Expenses, Crisis Expenses or Prosecution and Reputation Protection Costs cannot be requested, Defence Costs, Legal Representation Costs, Crisis Expenses or Prosecution and Reputation Protection Costs can be incurred without that consent for a period of thirty (30) days immediately following the date on which the Claim was first made or the event for which Crisis Expenses may be incurred.

• Defence Costs, Legal Representation Expenses and Prosecution and Reputation Protection Costs are part of, and not in addition to, the Limits of Liability set forth in Item 2 of the Schedule; the payment by the Company of Defence Costs, Legal Representation Expenses and Prosecution and Reputation Protection Costs erodes such Limits of Liability.

• The Company shall pay, on behalf of an Organisation, Legal Representation Expenses for which an Organisation grants indemnification to each Insured Person, as permitted or required by law, on account of any Investigation identifying such Insured Person in writing and notified to the Insured during the Policy Period up to the amount of the sub limit set forth in Item 2 of the Schedule.

• The Company shall not otherwise be liable for any Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses, any other element of Loss incurred, any obligation assumed or any admission made by any Insured without the Company’s prior written consent.

More Definitions of Representation Expenses

Representation Expenses. As representation expenses, these being construed as all those necessary for the performance of the position, Manager may dispose of an annual amount of EIGHT MILLION PESETAS (8,000,000 Ptas.). The aforementioned amount shall be increased by 10% per year.

Representation Expenses means the expenses incurred in the provision of goods and services to third parties who are not employed by the Companies, with the aim of promoting a positive image of the Group and its business, consisting of meals, trips and entertainment.