Reduced Clause Samples
A "Reduced" clause establishes that certain obligations, payments, or liabilities under an agreement will be decreased under specified circumstances. For example, this clause might apply if a party only partially performs its duties, or if an event occurs that lessens the value or scope of what is being provided. By clearly defining when and how reductions apply, the clause helps ensure fairness and predictability, preventing disputes over the appropriate adjustment of obligations or payments.
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Reduced. A reduced appointment is one in which the academic staff member works on a year-round basis at less than full time, for some part of each year at full time, or for some part of each year at less than full time.
Reduced. In the event of a reduced settlement of a claim, the amount payable by Connecticut General will be Connecticut General's share of the reinsurance amount payable for the benefit less that proportion of the reduction in settlement which the amount of benefit reinsured at the date of claim bears to the total amount at risk for the benefit under the policy at the time of the claim.
Reduced. Reduced responsibility is a reduction in the normal overall workload of a faculty member agreed upon between the University and the member. It does not include a reduction in some components of a faculty member's workload based upon an increase in other components where the member's overall workload remains a normal one.
Reduced. Subject to Section 1.5(b)(ii), the Purchase Price will be reduced, in the event the number of Billing Units is less than 208,000, by the product of (A) $58.41 per unit, multiplied by (B) the difference between 208,000 and the actual number of Billing Units.