Declining Re Clause Samples
The 'Declining Re' clause establishes the right of a party, typically an insurer or reinsurer, to reduce or decline participation in a reinsurance agreement under certain conditions. In practice, this clause may specify scenarios such as changes in risk profile, regulatory issues, or failure to meet agreed terms, where the reinsurer can opt out of renewing or continuing coverage. Its core function is to provide flexibility and risk control, allowing the reinsurer to manage exposure and avoid unwanted obligations if circumstances change.
Declining Re employment. A participant may decline an offer of re- employment during any academic year. Such a decision shall not extend the period of re-employment beyond the period described in Article 24.6(B)(5)b above. At the conclusion of the re-employment period, the university may, at its option, continue to re-employ participants in this program on a year-to-year basis.
Declining Re employment. A participant may decline an offer of