Excessive or luxury expenditures definition

Excessive or luxury expenditures means excessive expenditures on any of the following to the extent not reasonable or appropriate expenditures for business development, staff development, reasonable performance incentives, or other similar reasonable measures conducted in the normal course of the Organization’s business operations:
Sample 1Sample 2Sample 3
Excessive or luxury expenditures means excessive expenditures on any of the following to the extent not reasonable or appropriate expenditures for business development,
Sample 1Sample 2Sample 3
Excessive or luxury expenditures means excessive expenditures on any of the following to the extent not reasonable or appropriate expenditures, specific to an individual Officer or employee:
Sample 1Sample 2

Examples of Excessive or luxury expenditures in a sentence

  • Excessive or luxury expenditures policy means written standards applicable to the ECIP recipient and its employees that address the five categories of expenses set forth in the definition of “excessive or luxury expenditures,” and that are reasonably designed to eliminate excessive and luxury expenditures.

  • Excessive or luxury expenditures are defined as excessive expenditures on entertainment or events, office and facility renovations, aviation or other transportation services or other similar items or events, to the extent such expenditures are not reasonable expenditures for staff development, reasonable performance incentives, or other similar reasonable measures conducted in the normal course of the TARP recipient’s business operations.

  • Excessive or luxury expenditures are those that are unreasonable in that they are lavish in nature and significantly exceed the expenditures necessary to further AIG’s business objectives or goals or contribute to staff development and retention or are otherwise prohibited by law.

  • Excessive or luxury expenditures can occur in the following areas: • travel;• events;• office and facility improvements and/or renovations;• entertainment; and• other activities or events that involve expenditures which are not for staff development, performance incentives or other similar matters conducted in the ordinary course of business and which are not reasonable in amount.

Related to Excessive or luxury expenditures

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.E of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”). Capital Grant

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Independent expenditure means an expenditure by a person:

  • Ineligible Expenditures means the costs that are ineligible for payment under the terms and conditions of the Agreement, and that are described in Schedule “E” (Eligible Expenditures and Ineligible Expenditures).

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.