Reasonable Method Sample Clauses

The Reasonable Method clause defines the standard or approach that parties must use when performing certain actions or making decisions under a contract. Typically, it requires that actions be carried out in a manner that a reasonable person would consider appropriate under similar circumstances, such as choosing a delivery method or calculating a payment. This clause ensures that both parties act fairly and sensibly, reducing ambiguity and potential disputes by setting an objective benchmark for conduct.
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Reasonable Method. If, with respect to any Protected Property, Treasury Regulations or other official written guidance issued by the Internal Revenue Service (“Guidance”) do not explicitly provide for the manner in which Code Section 704(c) is applied, the relevant Company (and each Subsidiary) shall use the “reasonable method” (within the meaning of the Treasury Regulations Section 1.704-3(a)(1)) that results in the most beneficial tax treatment to the Protected Members; provided, however, that the relevant Company (or Subsidiary) shall not be required to use such method in the future if applicable Guidance or case law determines that such method is not a “reasonable method” (within the meaning of the Treasury Regulations Section 1.704-3(a)(1)).
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  • Billing Method 2.6.1 To receive payment for services rendered pursuant to this contract the Contractor shall submit a fully completed invoice for work previously performed to: 2.6.2 At a minimum, the invoice shall detail the following information: 2.6.2.1 Unique invoice number; 2.6.2.2 Contractor’s name, address, and telephone number; 2.6.2.3 Date of invoice and/or billing period; 2.6.2.4 Applicable Contract No.;

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  • Accounting Method For both financial and tax reporting purposes, the books and records of the Company shall be kept on the accrual method of accounting applied in a consistent manner and shall reflect all Company transactions and be appropriate and adequate for the Company’s business.

  • Payment Methodology The Grantee shall be reimbursed for actual, reasonable, and necessary costs based upon the Grant Budget, not to exceed the Maximum Liability established in Section 1. Upon progress toward the completion of the Scope, as described in Section A of this Grant Contract, the Grantee shall submit invoices prior to any reimbursement of allowable costs.

  • Allocation Method (Choose one of a. or b.): a. [ ] All the same. Using the same allocation method as applies to the Signatory Employer under this Election 28. b. [ ] At least one different. Under the following allocation method(s): .