How is “current director, officer, or employee” defined for purposes of the cooperation obligations and leniency protection of the corporate conditional leniency letter?
Status as a “current director, officer, or employee” is defined at the time the corporate conditional leniency letter is signed. Thus, leniency coverage for individuals who are directors, officers and employees of the applicant at the time the letter is signed will continue even if they leave their employment as long as they satisfy the obligations of the corporate conditional leniency letter.
Status as a “current director, officer, or employee” is defined at the time the corporate conditional leniency letter is signed. Thus, leniency coverage for individuals who are directors, officers, and employees of the applicant at the time the letter is signed will continue even if they leave their employment as long as they satisfy the obligations of the corporate conditional leniency letter.
Related Questions
- If a corporate conditional leniency letter is revoked, what will happen to the protection provided in the letter for the corporations directors, officers, and employees?
- Can an applicants former directors, officers, and employees be included in the scope of the conditional leniency letter?
- What is the conditional leniency letter, and why is it conditional?
