Annual Review of Reserves And Sample Clauses

Annual Review of Reserves And. Claims. Within 90 calendar days following December 31 of ------ each calendar year prior to the Settlement Date, other than December 31, 2005 (each such December 31, a "Report Date"), the Company shall deliver to the Holder Actuary and to the Trustee a written statement setting forth in reasonable detail, including all supporting calculations and methodology, the Adverse Reserve Development calculated as of the Report Date for such year. In addition, each year the Company Actuary shall provide to the Holder Actuary and the Trustee a written report stating that all such amounts have been calculated in accordance with the guidelines set forth in Exhibit B hereto. Annually following delivery of each Report, the Company shall cause the Company Actuary to meet with the Holder Actuary and review in detail with the Holder Actuary the Adverse Reserve Development occurring during such calendar year. Following each such annual meeting, the Holder Actuary shall provide a written report to the Company Actuary expressing any material issues that have come to its attention regarding the Company's calculation of the Adverse Reserve Development. All statements and reports of the Company, the Company Actuary
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Related to Annual Review of Reserves And

  • Annual Review The Board of Directors during the Contract Period shall review annually, or at more frequent intervals which the Board of Directors determines is appropriate, the Executive’s compensation and shall award the Executive additional compensation to reflect the Executive’s performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors.

  • Performance and Salary Review Company will periodically review Executive’s performance on no less than an annual basis. Adjustments to salary or other compensation, if any, will be made by Company in its sole and absolute discretion.

  • Performance Reviews Performance reviews will be conducted at least annually by the President/CEO or designee.

  • Periodic Reviews During January of each year during the term hereof, the Board of Directors of the Company shall review Executive's Annual Salary, bonus, stock options, and additional benefits then being provided to Executive. Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive serves as an employee of the Company. Prior to November 30th of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to Executive.

  • Periodic Review The Compensation Committee or the Board of Directors of the Company shall review Executive's Base Salary and Benefits (as defined below) from time to time in accordance with the normal business practices of the Company. The Company may in its sole discretion increase the Base Salary during the Term. The amount of any increase combined with the previous year's Base Salary shall then constitute Executive's Base Salary for purposes of this Agreement.

  • Period for Review and Consideration of Agreement Executive understands he/she has been given a period of 21 days to review and consider this Agreement before signing it. Executive further understands he/she may use as much of the 21 day period as he/she wishes prior to signing.

  • Performance Review The Company will periodically review Executive’s performance on no less than an annual basis and will make adjustments to salary or other compensation, as they deem appropriate in their sole and absolute discretion.

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board.

  • Resolutions, etc The Administrative Agent shall have received from the Borrower:

  • Compensation Review The compensation of the Executive will be reviewed not less frequently than annually by the board of directors of the Company.

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