Type of Gift Sample Clauses

The 'Type of Gift' clause defines the specific nature or category of the gift being given under an agreement or will. It clarifies whether the gift is a specific item, a sum of money, a percentage of an estate, or a residuary interest, and may outline any conditions or limitations attached to the gift. By clearly identifying the type of gift, this clause helps prevent misunderstandings or disputes among recipients and ensures that the donor's intentions are accurately carried out.
Type of Gift. The definitions for each type of gift are found in Policy 6. a) Endowment Fund –is used for permanent endowment and term endowment gifts.
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Type of Gift. The presentation of gifts should be kept to the minimum and should involve only modest expense. Examples of gifts might include:  low value token gifts such as mugs, key rings etc  a gift to a visiting VIP  donations of cash or other items The type of gift offered will depend on the reason for giving the gift and on the recipient. Authority must be issued in writing from the Chief Executive. Before giving financial approval, the following should be established:  the reason for presenting the gift(s)  the name and position of the intended recipient(s)  details (e.g., a description) of the proposed gift(s)  the cost involved  the payment method to be used The current limits on expenditure on official gifts set out below are delegated to the Corporation from the Department for Communities and Local Government (DCLG). Any proposal to incur expenditure on gifts that are novel or contentious, or would exceed this limit will need prior written DCLG approval. The following limits on expenditure on official gifts apply (maximum total value):  to an overseas government or official – £500  for other Corporation gifts – £150. The Corporation is required to report all expenditure on all gifts to DCLG. After expenditure on a gift, employees must, as soon as practicable, provide the following information about the expenditure to the Head of Finance (with a copy to HR Shared Services):
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Related to Type of Gift

  • Type of Loans Subject to Section 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

  • Type of contract Services

  • Type of Account The Financial Institution agrees that each Collateral Account is, and will be maintained as, either (a) a “securities account” (as defined in Section 8-501 of the UCC) or (b) a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

  • Type of Option This Option is a Non-Qualified Stock Option.

  • Type of Business Circle the number that best describes your business or organization. If none of the categories apply, circle number 20 and provide a brief description.