Gifts and Meals

When you interact with clients, vendors, or any other business contacts in your role at Cadence OneFive, any giving or receiving of gifts will be seen as related to work. This policy is intended to avoid real or perceived influence over business decisions made by Cadence OneFive, and avoid any perception that we are trying to sway the decisions of our counterparties, vendors, clients, or potential clients.

If you need approvals or have questions, contact the HR Policy Team by email. See company directory for email address.

Receiving Gifts

You are prohibited from soliciting gifts from the company’s counterparties, vendors, customers, or potential customers .

You are prohibited from accepting any gifts of cash or cash equivalents like gift cards, or gifts like trips or tickets regardless of value, from anyone who has, is seeking, or may reasonably be expected in the future to seek a business relationship with the company.

You may accept unsolicited non-cash gifts worth up to $50.

Giving Gifts

The following prohibitions apply to giving gifts to any third-parties, including those who have, are seeking, or may reasonably be expected in the future to seek a business relationship with the company :

- Do not send any gifts, even small ones, to elected officials.

- Do not send gifts exceeding $25 in value to anyone employed by a government entity.

- Do not send gifts exceeding $50 in value to anyone employed by a private company.

To the extent you intend to purchase a gift with company funds, you must obtain the approval of the Policy Team prior to purchasing the gift.

Industry Events

Employees may accept complementary tickets to industry conferences and nonprofit galas when the offering organization is either the organizer of the event or an event sponsor whose sponsorship includes complementary tickets (i.e. they may not purchase a ticket for you at general offer).

Business Meals

Sharing meals with clients, vendors, and other business contacts can help build professional relationships. However, employees must use good judgment to avoid excessive expenditures so as to avoid any appearance that the employee or the company is attempting to inappropriately influence the business decisions of such clients, vendors, or business contacts.

Receiving Business Meals

Employees may accept occasional business meals valued at up to $25.

Do not accept frequent or lavish meals from any individual or company currently doing or seeking business with Cadence OneFive.

Employees should decline invitations for meals at extravagant, elite, or expensive restaurants extended by any individual or company currently doing or seeking business with Cadence OneFive.

Paying for Business Meals

Cadence OneFive doesn’t “wine and dine” our prospective customers as part of our regular sales practice.

It is acceptable to occasionally pay for meals with existing clients, vendors, or business contacts up to $30 per person so long as there is a clear business development purpose to such meal. Paying $100 or more, in total, at any one meal requires the prior approval of the Policy Team.

When paying for a business meal attended by more than one employee, one employee present should initiate payment, and should charge the meal to a company-issued payment card when possible.

Document any business meal on an expense report or annotation on the credit card transaction. Include names, companies, and titles of all participants along with the purpose.

Administration

Violating this policy may result in disciplinary action up to and including termination of an employee’s employment with the company. Any questions about this policy or any particular circumstances covered by this policy should be directed to the Policy Team.