Age-Graded Clause Samples

The Age-Graded clause establishes different terms, conditions, or requirements based on the age of individuals involved in an agreement or activity. For example, it may set varying eligibility criteria, benefits, or obligations for participants depending on whether they are minors, adults, or seniors. This clause ensures that the contract or policy appropriately addresses the differing legal capacities, protections, or needs associated with various age groups, thereby promoting fairness and compliance with age-related regulations.
Age-Graded. The following percentage of each Participant’s Compensation based on the Participant’s age on the last day of the Plan Year:

Related to Age-Graded

  • Voice Grade Either an analog signal of 300 to 3000 Hz or a digital signal of 56/64 kilobits per second. When referring to digital Voice Grade service (a 56-64 kbps channel), the terms "DS0" or "sub-DS1" may also be used.

  • Industry Ratings The City will only accept coverage from an insurance carrier who offers proof that it: a. Is authorized to do business in the State of Kansas; b. Carries a Best's policyholder rating of A- or better; and c. Carries at least a Class VIII financial rating; or d. Is a company mutually agreed upon by the City and Consulting Engineer/Architect.

  • Payment Grace Period The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.

  • No Ratings There are no securities or preferred stock of or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) under the 1934 Act.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].