PAYMENTS TO PUBLIC OFFICIALS. PUBLIC SECTOR ORGANISATIONS 7.1 The Company does not permit Employees or Third Parties providing Services to Give Facilitation Payments, either directly or indirectly, to Public Officials (including HCPs and other individuals employed by Public Sector Organisations), regardless of whether such payments are nominal in amount. 7.2 The Company recognises that, in exceptional circumstances, payments may be demanded under duress from Employees or Third Parties providing Services. It is permissible for Employees and Third Parties to Give payments demanded under duress, where there is reasonable fear for personal safety. a) Facilitation Payments are requested but not paid; or b) payments are demanded under duress, whether paid or not. The line manager must then promptly inform the relevant Legal partner of such incidents in writing and ensure that any payments actually made are properly documented and recorded in the Company’s books and records. The line manager must also consult with the relevant Legal partner regarding the reporting of such incidents to the relevant authorities and the steps to be taken to prevent recurrence. 7.3 See Section 2 of this Policy for further requirements on payments to Public Officials and Public Sector Organisations.
Appears in 6 contracts
Samples: License, Development and Commercialization Agreement (Fibrogen Inc), License, Development and Commercialization Agreement (Fibrogen Inc), License, Development and Commercialization Agreement (Fibrogen Inc)
PAYMENTS TO PUBLIC OFFICIALS. PUBLIC SECTOR ORGANISATIONS
7.1 The Company does not permit Employees or Third Parties providing Services to Give Facilitation Payments, either directly or indirectly, to Public Officials (including HCPs and other individuals employed by Public Sector Organisations), regardless of whether such payments are nominal in amount.
7.2 The Company recognises that, in exceptional circumstances, payments may be demanded under duress from Employees or Third Parties providing Services. It is permissible for Employees and Third Parties to Give payments demanded under duress, where there is reasonable fear for personal safety.
a) Facilitation Payments are requested but not paid; or
b) payments are demanded under duressxxxxxx, whether paid or not. The line manager must then promptly inform the relevant Legal partner of such incidents in writing and ensure that any payments actually made are properly documented and recorded in the Company’s books and records. The line manager must also consult with the relevant Legal partner regarding the reporting of such incidents to the relevant authorities and the steps to be taken to prevent recurrence.
7.3 See Section 2 of this Policy for further requirements on payments to Public Officials and Public Sector Organisations.
Appears in 1 contract
Samples: License, Development and Commercialization Agreement