Secret Commission definition

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
Sample 1
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.
Sample 1
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.
Sample 1

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 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.

  • 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.

  • Secret Commission ⎯ I misunderstood the legal issues which Wood & Pengelly decided.

  • Since information that is exchanged between parties interfacing with the GOVSATCOM Hub is likely to be EU Classified Information, potentially up to the level of EU Secret, Commission Decision (EU, Euratom) 2015/444 will apply to such exchange ofinformation.

  • Additionally, RMC and its Personnel must not, directly or indirectly, authorise, undertake or participate in any form of corrupt business practice including: • making any Facilitation Payment; • making any Secret Commission; or • engaging in Money Laundering.

  • Kivel's apparent knowledge and intentional withholding of information from the Company about the issues raised in item 8 above and in particular the Secret Commission and the German Deal, are further grounds for termination for cause both under the contacts and at common law for breach of fiduciary duty and the tort of deceit.

  • Additionally, TasFood Group and its Employees must not, directly or indirectly, authorise, undertake or participate in any form of corrupt business practice including: • making any Facilitation Payment;• making any Secret Commission; or• engaging in Money Laundering.

  • The Secret Commission is given as an inducement to that person to use their position to influence the conduct of their principal's business Third Party is any individual or entity (not Staff or part of Macquarie) with whom Macquarie has or plans to enter a business relationship.

  • Additionally, ADX and its Personnel must not, directly or indirectly, authorise, undertake or participate in any form of corrupt business practice including: • making any Facilitation Payment; • making any Secret Commission; or • engaging in Money Laundering.

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.

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • 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).

  • 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.

  • Commission means the Securities and Exchange Commission.

  • Competition Act Approval means that one or more of the following shall have occurred: (i) the relevant waiting period in section 123 of the Competition Act shall have expired, been waived or been terminated and the Commissioner shall have issued a letter to the Parties indicating that he does not, at that time, intend to make an application under section 92 of the Competition Act in respect of the Investment; or (ii) the Commissioner shall have issued an ARC in respect of the Investment;

  • 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 the Competition Act or a person designated or authorized pursuant to the Competition Act to exercise the powers and perform the duties of the Commissioner of Competition;

  • 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;

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Securities and Exchange Commission means the United States Securities and Exchange Commission.