Secret Commission definition

Secret Commission means a commission or profit which has not been accounted for by the principal, such as the return of a part of a sum received because of a confidential agreement or coercion.
Secret Commission means a payment to influence the recipient to recommend that their principal or client enters into a transaction with or provides a benefit to the Company, or to engage in such conduct on behalf of their principal or client, where the principal or client is not aware that the payment has been made.
Secret Commission means the receipt of a financial or a non-financial benefit from a third party as an inducement to influence the conduct of the recipient without disclosing that commission to the recipient’s principal; and

Examples of Secret Commission in a sentence

  • If anyone is unsure whether a particular act constitutes Bribery, a Facilitation Payment, Secret Commission, Money-laundering or an improper Item of Value, or has any other queries, they should ask the Board.

  • If anyone is unsure whether a particular act constitutes Bribery, a Facilitation Payment, Secret Commission, Money-Laundering or an improper Item of Value, or has any other queries, they should ask the Board or the Anti-Bribery Officer.

  • If anyone is unsure whether a particular act constitutes Bribery, a Facilitation Payment, Secret Commission, Money-laundering or an improper Item of Value, or has any other queries, they should ask the Board or the Anti-Bribery Officer.

  • If anyone is unsure whether a particular act constitutes Bribery, a Facilitation Payment, Secret Commission, Money- Laundering or an improper Item of Value, or has any other queries, they should ask the Board or the Anti-Bribery Officer.

  • Additionally, AGL and its Employees must not, directly or indirectly, authorise, undertake or participate in any form of corrupt business practice including (but not limited to): • Making any Facilitation Payment; • Making any Secret Commission; or • Engaging in Money Laundering.

  • If anyone is unsure whether a particular act constitutes Bribery, a Facilitation Payment, Secret Commission, Money-Laundering or an improper gift, hospitality or entertainment, or has any other queries, they should ask the Board.

  • Political Party Related Body Corporate Secret Commission or Kick-backincludes any political party, politician, elected official or candidate running for public office in any country.

  • Our People must not be involved in any form of Extortion or Secret Commission.

  • Our People must not be involved in any form of Bribery, Corruption, Extortion or Secret Commission, which are criminal offences.

  • A Secret Commission is an undisclosed payment (or something of value) that is offered or provided to an agent or representative of a person/company (the ‘principal’) for the purpose of influencing the conduct of the business of the principal.

Related to Secret Commission

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • Antitrust Division means the Antitrust Division of the United States Department of Justice.

  • Tax Commission means the Oklahoma Tax Commission;

  • the Commission means the Charity Commission for England and Wales;

  • European Commission means the authority within the European Union that has the legal authority to grant Regulatory Approvals in the European Union based on input received from the EMA or other competent Regulatory Authorities.

  • Department of Justice means the Antitrust Division of the United States Department of Justice.

  • FTC means the United States Federal Trade Commission.

  • Planning Commission means the Planning Commission of the City.

  • Selling Commission means three percent (3%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Trade Secret Licenses means any and all agreements providing for the granting of any right in or to Trade Secrets (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement referred to in Schedule 4.7(G) (as such schedule may be amended or supplemented from time to time).

  • Commission Filings means all reports, registration statements and other filings filed by the Company with the Commission (and all notes, exhibits and schedules thereto and documents incorporated by reference therein).

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Trade Secret License means any agreement, whether written or oral, providing for the grant by or to any Grantor of any right in, to or under any Trade Secret.

  • City Commission means the legislative body of the City of Miami.

  • Privacy Commissioner means the person occupying the position of Privacy Commissioner from time to time pursuant to the Privacy Xxx 0000.

  • State Information Commission means the State Information Commission constituted under sub-section (1) of section 15;

  • Commission means the Securities and Exchange Commission.

  • Competition Act Approval means either:

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • Ministry of Justice Guidance means Ministry of Justice Guidance in relation to Section 9 of the Bribery Act 2010 available at xxxx://xxx.xxxxxxx.xxx.xx/guidance/docs/bribery-act-2010-guidance.pdf;

  • Commissioner of Competition means the Commissioner of Competition appointed pursuant to Subsection 7(1) of the Competition Act or his designee.

  • Disclosure Order has the meaning set forth in Section 10.7.

  • Ministry of Justice Code means the Ministry of Justice's Code of Practice on the Discharge of the Functions of Public Authorities under Part 1 of the Freedom of Information Xxx 0000 as amended from time to time;