Automatic Inclusion Clause Samples

Automatic Inclusion. The terms and conditions of the Fifth-Year Op- tion shall, if exercised, be as set forth below. The Fifth-Year Option shall also contain all permissible non-compensation terms from the player’s year-four contract carried for- ▇▇▇▇ unchanged. The Fifth-Year Option shall be deemed a part of every Rookie Contract of a player selected in the first round by virtue of this Agreement and may not be separately attached to such Rookie Contract.
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Automatic Inclusion primary cover 1. Acquisition with – business activities similar to those covered 1.1 If the total property and business interruptions values are no greater than the limit for this extension stated in the statement of cover, no contribution will be paid for the pro rata period commencing from the attachment date up to renewal date. 1.2 If the total property and business interruption values exceed the limit for acquisitions stated in the statement of cover a contribution is to be agreed for period commencing from attachment date of the cover up to the renewal date. 2. Acquisition with – business activities not similar to those covered An additional contribution will be required by the Company for the pro rata period commencing from the attachment date of the cover up to renewal date irrespective of the property and business interruption values. If the participant decides not to conclude the acquisition the cover which applied for the interim period becomes void and no contribution will be paid for such interim period irrespective of the total property damage and business interruption values.
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Automatic Inclusion. This Policy automatically extends to include the interests and property, in respect of which there is no existing insurance, of any new acquisition or new entity formed by or merged with the Insured hereinafter referred to an “acquisition”, subject to the terms and conditions of this Policy and the following premium considerations: i) Acquisition with - business activities similar to those of the Insured: a) if the total Property Damage/Engineering and Business Interruption values are no greater than the limit of liability stated in the Specification for this general extension, a pro rata premium shall be paid for the period from the date of acquisition to expiry of the Period of Insurance. b) if the total Property Damage/Engineering and Business Interruption values exceed the limit of liability stated in the Specification for this general extension, an additional premium shall be required by the Insurers for the period from the date of acquisition to expiry of the Period of Insurance. ii) Acquisition with - business activities not similar to those of the Insured: an additional premium shall be required by the Insurers for the period from the date of acquisition to expiry of the Period of Insurance irrespective of the Property Damage/Engineering and Business Interruption values. If the Insured decides not to conclude the acquisition, the insurance which applied for the interim period becomes void and no premium shall be paid for such interim period irrespective of the total Property Damage/Engineering and Business Interruption values.
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Related to Automatic Inclusion

  • Automatic Payments You can agree with a seller who accepts PayPal to use PayPal as the payment method for future purchases with that seller. This agreement is between you and the seller and allows you to pay the seller on a one-time, regular or sporadic basis. Depending on the seller you wish to pay, you might also be able to directly instruct PayPal to make future payments to the seller on your behalf on a one-time, regular or sporadic basis. Examples of automatic payments that can be arranged by you either with a seller or with PayPal include those that PayPal calls a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "preauthorised transfer" or "preapproved payment." You authorise and instruct PayPal to pay the third party (or another person they direct) amounts from your payment method for the amounts you agree to owe and as presented to PayPal by that third party. You may cancel an automatic payment up to 3 business days before the date of the next scheduled payment from your account settings or by contacting us. Once you contact PayPal to cancel an automatic payment, all future automatic payments under your agreement with that seller will be stopped. If you cancel an automatic payment, you may still owe the seller money for the purchase or have additional obligations to the seller for any goods or services that you receive but have not paid for. If you have authorised an automatic payment and PayPal performs currency conversion for an automatic payment transaction, PayPal will use the transaction exchange rate (including PayPal's currency conversion fee) in effect at the time the automatic payment transaction is processed.

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Termination Following a Change in Control (a) In the event of the occurrence of a Change in Control, the Executive's employment may be terminated by the Company or a Subsidiary during the Severance Period and the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events: (i) The Executive's death; (ii) If the Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits pursuant to, the long-term disability plan in effect for, or applicable to, Executive immediately prior to the Change in Control; or