Examples of Covered Recipient in a sentence
Those payments or transfers-of-value include compensation, reimbursement for expenses, and meals provided to faculty (planners, speakers, investigators, project leads, etc.) and “items of value” (items that possess a discernible value on the open market, such as textbooks) provided to faculty and participants, if those faculty and/or participants meet the definition of Covered Recipient.
This includes compensation, reimbursement for expenses, and meals provided to faculty (planners, speakers, investigators, project leads, etc.) and “items of value” (items that possess a value on the open market, such as textbooks) provided to faculty and participants, if such faculty and/or participants meet the definition of Covered Recipient.
Moreover, under no circumstances shall the Company provide travel and lodging for the spouse, child, close family member, or other companion of a Foreign Official or other Covered Recipient.
Under Applicable Anti-Corruption Laws, the Company and individuals may be liable for making or authorizing payments or transfers of Anything of Value to third parties (including without limitation sales agents, customs and immigration agents, or freight forwarders) if such payments are made with (i) knowledge, (ii) belief, or (iii) an awareness of facts that indicate a high probability that all or part of the payments will be used to make an improper payment to a Foreign Official or Covered Recipient.
If there is doubt about the permissibility of a particular business courtesy (Gift or Payment) to a Foreign Official or another Covered Recipient, an Opinion from the Department of Justice may be sought in advance of undertaking the transaction.