DCP Clause Samples
The DCP (Design and Construct Protocol) clause defines the responsibilities and procedures for a contractor who is engaged to both design and construct a project. Under this clause, the contractor is typically required to prepare detailed designs, obtain necessary approvals, and then carry out the construction in accordance with those designs. For example, the clause may specify the standards to be met, the process for submitting designs for review, and the allocation of design-related risks. Its core practical function is to clearly allocate design and construction obligations to the contractor, streamlining project delivery and reducing ambiguity over responsibilities.
DCP. If you participate in the ServiceMaster Deferred Compensation Plan (“DCP”), your eligibility to participate will end on your Separation Date. Subject to the terms and conditions of the DCP, any balance in your account will be distributed in accordance with your prior elections.
DCP. The Covered Executive will incur a termination of employment for purposes of the DCP at the time of a Qualifying Termination and accordingly will not be entitled to defer any portion of his Severance Pay to the DCP during the Severance Period. The Covered Executive’s DCP benefits will be paid to him pursuant to the terms of the DCP and the Covered Executive’s distribution election under the DCP in a manner that complies with section 409A of the Code.
DCP. Without limiting the foregoing, with respect to the DCP, CHS guarantees the payment to Members and Beneficiaries of amounts credited, or required to be credited, to the Accounts of Members or Beneficiaries under the DCP from Deferral Contributions and Matching Contributions Amounts in whatever form of payment option permitted under the DCP. The obligation of CHS shall be in addition to the obligation of the Company under the DCP. The guarantee of CHS with respect to the DCP shall extend to the obligations of the Company under that certain Community Health Systems Deferred Compensation Plan Trust to make deposits of money or other property.