Common use of GRATUITIES AND CODES OF CONDUCT Clause in Contracts

GRATUITIES AND CODES OF CONDUCT. 12.1 The Executive shall comply with all codes of conduct from time to time adopted by the Board or the Board of Directors of Holdings. 12.2 The Executive shall not, except in accordance with Holdings’ Gift and Hospitality Policy and any other code of conduct adopted by the Board or the Board of Directors of Holdings or with the prior written consent of the Board or the Board of Directors of Holdings, directly or indirectly accept any commission, rebate, discount, gratuity or gift, in cash or in kind, from any person who has or is likely to have a business relationship with the Company or any other Group Company and shall notify the Company upon acceptance by the Executive of any commission, rebate, discount, gratuity or gift in accordance with Holdings’ Gift and Hospitality Policy or any other code of conduct from time to time adopted by the Board or the Board of Directors of Holdings.