Simple Contract Sample Clauses

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Simple Contract. The first three elements of a simple contract must be present at all times for the contract to be valid. a. Intention - There are two presumptions: firstly that business agreements have an intention to create legal relations and secondly that social, domestic or family agreements do not. Both these presumptions can be rebutted (argued against). b. Agreement - Offer & acceptance c. Consideration - Something of value (legal) promised / exchanged by both parties.
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Simple Contract. All Simple Contracts must be estimated in terms of Delta presence in order to determine the threshold value falling within the scope of Dividend Equivalent rules. If Delta is 0.80 or higher, the amount of tax under the Derivative Agreement is defined in accordance with Section 871 (m) at the time of Dividend Equivalent payment. The fact, that Derivative Agreement has several validity terms or continuous term, doesn't exclude the fact, that the Derivative Agreement is a Simple Contract. E.g. an option agreement is considered as a Simple Contract, even if the option agreement can be fulfilled by the holder at any time before expiry of the validity term of the option agreement, if the amounts due under the Derivative Agreement are defined by reference to the same fixed amount of the US issuer’ Securities on the date of execution. Simplified calculation of Delta is provisioned for some Simple Contracts, the underlying asset of which are 10 or more Underlying Securities. If the underlying asset of a Derivative Agreement is 10 or more Underlying Securities and for Hedging of Simple Contract the Receiving and/or Transferring Party purchases an exchange-traded security, e.g. security of an exchange-traded fund (ETF), the structure of which consists of almost all Underlying Securities of the Simple Contract, Delta of the Derivative Agreement can be calculated by way of determination of the ratio of the Fair Value of the Simple Contract to minor change in the Fair Value of the exchange-traded security. Delta defined in a simplified manner must be used as Delta for each Underlying Security of the Derivative Agreement to calculate the amount of dividend equivalent.
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Related to Simple Contract

  • MASTER CONTRACT This Master Contract is entered into this 1st day of July, 2014, between Westlake Charter Schools (hereinafter referred to as “LEA”) and CARE Educational Services (hereinafter referred to as “CONTRACTOR”) for the purpose of providing special education and/or related services to LEA students with exceptional needs under the authorization of California Education Code sections 56157, 56361 and 56365 et seq. and Title 5 of the California Code of Regulations section 3000 et seq., AB490 (Chapter 862, Statutes of 2003) and AB1858 (Chapter 914, Statutes of 2004). It is understood that this agreement does not commit LEA to pay for special education and/or related services provided to any LEA student, or CONTRACTOR to provide such special education and/or related services, unless and until an authorized LEA representative approves the provision of special education and/or related services by CONTRACTOR. Upon acceptance of a LEA student, CONTRACTOR shall submit to LEA an Individual Services Agreement (hereinafter referred to as “ISA”) and a Nonpublic Services Student Enrollment form as specified in the LEA Procedures. Unless otherwise agreed in writing, these forms shall acknowledge CONTRACTOR’s obligation to provide all services specified in the student’s Individualized Education Plan (hereinafter referred to as “IEP”). The ISA shall be executed within ninety (90) days of an LEA student’s enrollment. ▇▇▇ and CONTRACTOR shall enter into an ISA for each LEA student served by CONTRACTOR. As available and appropriate, the LEA shall make available access to any electronic IEP system and /or electronic data base for ISA developing including invoicing. Unless placement is made pursuant to an Office of Administrative Hearings (hereinafter referred to as “OAH”) order, a lawfully executed agreement between LEA and parent or authorized by ▇▇▇ for a transfer student pursuant to California Education Code section 56325, ▇▇▇ is not responsible for the costs associated with nonpublic agency placement until the date on which an IEP team meeting is convened, the IEP team determines that a nonpublic agency placement is appropriate, and the IEP is signed by the LEA student’s parent.

  • Standard Contract Attachment C - (Standard Contract Provisions for Contracts and Grants)

  • Complete Contract This Contract contains all the terms agreed upon by the Parties with respect to the subject matter of this Contract and supersedes all prior agreements, arrangements, and communications between the Parties concerning such subject matter, whether oral or written.

  • Cooperative Contract The provisions and pricing of this Contract will be extended to other California local or state governmental entities. Governmental entities wishing to use this Contract will be responsible for issuing their own purchase documents/price agreements, providing for their own acceptance, and making any subsequent payments. Contractor shall be required to include in any Contract entered into with another agency or entity that is entered into as an extension of this Contract a Contract clause that will hold harmless the County of Orange from all claims, demands, actions or causes of actions of every kind resulting directly or indirectly, arising out of, or in any way connected with the use of this contract. Failure to do so will be considered a material breach of this Contract and grounds for immediate Contract termination. The cooperative entities are responsible for obtaining all certificates of insurance and bonds required. The Contractor is responsible for providing each cooperative entity a copy of the Contract upon request by the cooperative entity. The County of Orange makes no guarantee of usage by other users of this Contract. The Contractor shall be required to maintain a list of the cooperative entities using this Contract. The list shall report dollar volumes spent annually and shall be provided on an annual basis to the County, at the County’s request.

  • 190 Contract Complete This contract is the final expression of the Parties' agreement. There are no understandings, agreements, or representations, expressed or implied, which are not specified in this contract.