Bribery and Corruption definition

Bribery and Corruption. – means offering, promising, giving, accepting or soliciting an advantage as an inducement for an action which is illegal, unethical or a breach of trust, as well as the abuse of entrusted power for private gain. It includes conduct that amounts to US Bribery, UK Bribery or Australian Bribery or Corrupt Commission (each of which is a term defined in Section 6).

Bribery and Corruption means the abuse of entrusted authority to personal advantage, including the offering, promise, provision, acceptance or solicitation of a personal benefit in return for an illegal or ethically unacceptable action, the breach of a duty of loyalty or any other improper action,

Bribery and Corruption referred herein this Policy shall means any action which would be considered as an offence of giving, promises, offers, solicits, receiving or agrees to receive for himself or for any other person any ‘gratification’.

Examples of Bribery and Corruption in a sentence

• The Authority may terminate this Framework Agreement by serving notice on the Supplier in writing with effect from the date specified in such notice where the conduct prohibited in Clauses 9.1 or 9.2 (Prevention of Bribery and Corruption) has occurred.

• The Authority may terminate this Framework Agreement by serving notice on the Supplier in writing with effect from the date specified in such notice where the conduct prohibited in Clauses 9.1 or 9.2 or 9.3 (Prevention of Bribery and Corruption) has occurred.

• If you have any questions concerning the PFG Bribery and Corruption Policy, please contact the Compliance Department.

• The Authority may terminate this Framework Agreement by serving notice on the Supplier in writing with effect from the date specified in such notice where the conduct prohibited in Clauses 10.1 or 9.2 (Prevention of Bribery and Corruption) has occurred.

• Subject to Clause 36.1, the Supplier’s total aggregate liability in respect of the indemnities in Clauses 8.4.5 (samples of Goods) 24.2.5 (VAT), 29.12 (Third Party IPR Claim), 30.3.9 (Protection of Customer Data), 30.4.5 (Protection of Personal Data), 30.5.10 (Confidentiality), 39.4 (Prevention Bribery and Corruption) and 42.3.2 (Prevention Fraud) (and, in each case, whether before or after the making of a demand pursuant to the indemnities therein) shall be unlimited.

More Definitions of Bribery and Corruption

Bribery and Corruption. Vodafone: (a) has a comprehensive anti-bribery policy and programme; (b) shall comply with Applicable Law relating to anti-bribery and anti-corruption; and (c) shall not give or receive any bribes, including in relation to any foreign public official.

Bribery and Corruption under the MACC Act means any action which would be considered as an offence of offering, giving, promising, receiving or soliciting ‘gratification’ or something of value in an attempt to illicitly influence the decisions or actions of a person with a position of trust within an organisation.

Bribery and Corruption means the abuse of entrusted authority to personal advantage, including the offering, promise, provision, acceptance or solicitation of a personal benefit in return for an illegal or ethically unacceptable action, the breach of a duty of loyalty or any other improper action, or the offering of a remuneration to a person, company or agency for such an action, and especially criminal offences as defined in sections 298, 299, 333, 334 of the German Criminal Code (StGB). Personal benefits include all forms of gifts, loans, fees, rewards or other inducements (taxes, services, donations, etc.).

Bribery and Corruption means legislation and rules relating to bribery and corruption, including but not limited to the Bribery Act 2010, previous UK laws (the common law offence of bribery, the Public Bodies Corrupt Practices Act 1889, the Prevention of Corruption Act 1906 as supplemented by the Prevention of Corruption Act 1916 and the Anti-Terrorism, Crime and Security Act 2001), the United Nations Convention against Corruption, the US Foreign Corrupt Practices Act of 1977 as amended, OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related implementing legislation, any anti-bribery or anti corruption related provisions in criminal and anti-competition laws and/or anti-bribery or anti-corruption laws in any other jurisdiction relevant to your activities under our Introducer Terms of Business;

Bribery and Corruption means any action which would be considered as an offence of giving or accepting gratification. In practice, this means offering, giving, accepting or soliciting any item of value or gift in an attempt to illicitly influence the decisions or actions of a person in order to gain any commercial, contractual, regulatory or personal advantage.

Bribery and Corruption means “A “bribe” is the direct or indirect offer, authorization, gift or promise to give anything of value to a government/public official or any other person, with the intent to obtain or retain business or gain an improper advantage. This includes facilitation payments. For the sake of clarity, bribery and corruption include, inter-alia, the following:

Bribery and Corruption or “Bribe” means offering, promising, providing, demanding or receiving Anything of Value in exchange for obtaining or retaining business or securing an improper advantage in either the public or private sectors or extortion, embezzlement, or any improper inducement for personal gain or advantage, illegally or unethically or in breach of trust. Bribes or payments received or given include Anything of Value - providing lavish/inappropriate gifts, hospitality, and entertainment, inside information, or sexual or other favors; offering employment to a relative; underwriting travel expenses; abuse of function; or other significant favors. Bribery also includes advantages provided directly, or indirectly through a Business Partner (defined hereafter). Bribery and Corruption also include Kickbacks and Facilitation payments (defined hereafter).