CAS Members Clause Samples
The "CAS Members" clause defines who qualifies as a member of the Casualty Actuarial Society (CAS) within the context of the agreement. It typically outlines the criteria for membership, such as holding specific designations, maintaining good standing, or fulfilling ongoing professional requirements. This clause ensures that references to "CAS Members" in the contract are clear and unambiguous, thereby preventing misunderstandings about eligibility or obligations tied to CAS membership.
CAS Members. A CAS Member with seniority status who has held a CAS appointment during two terms in each of the two previous academic years shall be eligible for a tuition waiver for the Member, spouse, or dependents on the following basis:
(a) the Member must hold a CAS appointment during the academic year in which the benefit is provided;
(b) the amount of the benefit shall be based on the number of courses the CAS Member has taught in the previous academic year;
(c) the maximum amount of the tuition fee to be waived for the Member, spouse and dependents combined for undergraduate or graduate courses at W ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ University shall be in accordance with the following schedule:
(i) $500 if the Member has taught 2 one-term courses or equivalent in the previous academic year;
(ii) $750 if the Member has taught 3 one-term courses or equivalent in the previous academic year;
(iii) $1000 if the Member has taught 4 or more one-term courses or equivalent in the previous academic year.
(d) credit for the tuition benefit cannot be accrued over several academic years; a Member who uses the tuition benefit and remains eligible can claim the tuition benefit in the following academic year according to the schedule set out above.