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Definition – Non-Monetary Compensation
Please note that gift certificates generally are considered cash equivalents, and therefore, will not fall within the non-monetary compensation exception. Gift certificates that are redeemable for a significant variety of items are considered cash equivalent, i.e., a $10 Wal-Mart gift card may be used to purchase a variety of items, and therefore, it is cash equivalent and does not fall within the non-monetary compensation exception. A punch card worth ten free coffees only redeemable for those ten coffees is not considered cash equivalent, and therefore, may be considered non-monetary compensation.