Effective date provision Sample Clauses
An effective date provision establishes the specific date when a contract or agreement becomes legally binding and enforceable. This clause typically states whether the agreement takes effect upon signing, on a predetermined future date, or upon the occurrence of a particular event. For example, a contract might specify that its terms are effective as of January 1, regardless of when the parties actually sign. The core function of this provision is to provide clarity and certainty about when the parties’ rights and obligations commence, thereby preventing disputes over the timing of contractual duties.
Effective date provision. Section 1.1361–1(b) generally applies to taxable years of a corporation beginning on or after May 28, 1992. However, a corpora- tion and its shareholders may apply this § 1.1361–1
Effective date provision. 1. In any instance when the employee is not actively working full-time on the date participation would otherwise have become effective, participation shall not become effective until the date the employee returns to full-time active work. However, this pro- vision shall not apply for public entities (or any individual who is a member of that pub- lic entity) when the MCHCP is replacing coverage for that public entity;