NEO Clause Samples
The NEO clause typically refers to provisions related to "New Economic Order" or similar concepts in contracts, which address how parties will adapt to significant changes in economic conditions. This clause may specify mechanisms for renegotiation, price adjustments, or other modifications if unforeseen economic events, such as inflation spikes or currency devaluation, materially affect the contract's balance. Its core practical function is to allocate risk and provide a structured process for dealing with economic volatility, ensuring that neither party is unfairly disadvantaged by drastic market changes.
NEO. The Alameda County Human Resource Services (HRS) Employee Benefits Center (EBC) coordinates a county-wide NEO for all new employees hired into the County. The NEO is regularly scheduled for the Friday of the first week of each pay period, from 8:30
a. m. to 1:00 p.m. It is the County’s policy that NEOs are mandatory for all newly hired employees and that such new employees attend an NEO as promptly as possible after the first day of employment. In the event an employee does not attend the NEO that they were initially scheduled to attend, they will be scheduled to attend the next available NEO.
NEO. The term “NEO” shall mean each named executive officer set forth in Heritage Financial Corporation’s annual proxy statement for the applicable year. L. Net Amount-at-Risk. The term “Net Amount-at-Risk” (hereinafter “NAR”) shall be defined as the total proceeds of the Policy(ies) less the cash value of the Policy(ies).
NEO. The County Human Resource Services Employee Benefits Center (“EBC”) coordinates a county-wide NEO for all new employees hired into the County. The NEO is regularly scheduled for the Friday of the first week of each pay period, from 8:30
a. m. to 1:00 p.m. It is the County’s policy that NEOs are mandatory for all newly- hired employees and that such new employees attend an NEO as promptly as possible after the first day of employment. In the event an employee does not attend the NEO that they were initially scheduled to attend, they will be scheduled to attend the next available NEO.
NEO. Release time shall also be allowed for one (1) member designated by the Association to meet with new employees occupying a classification represented by the Association who is scheduled to attend the EBC NEO. Release time shall not exceed 30 minutes. The Association member or Association staff representative shall submit a request for release time to the Department Head’s representative at least two (2) working days prior to the date of the EBC NEO.
NEO. All books and records kept either at the address listed in item 1 above or one of the addresses listed in item 6(a) above.
NEO. The term “NEO” shall mean each named executive officer set forth in Heritage Financial Corporation’s annual proxy statement for the applicable year.
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