SPECIAL DISCLOSURES Clause Samples
The SPECIAL DISCLOSURES clause requires parties to provide specific information that may be relevant to the agreement or transaction. This can include disclosures about legal, financial, or regulatory matters that could affect the parties’ rights or obligations, such as pending litigation, conflicts of interest, or compliance issues. By mandating these disclosures, the clause ensures transparency and helps prevent misunderstandings or disputes arising from undisclosed material facts.
SPECIAL DISCLOSURES. The opportunity for teacher to respond appropriately to students with medical, physical, and emotional conditions requires prior disclosure and recommended treatment of said conditions. A teacher shall be notified as soon as such conditions are known where permissible by law.
SPECIAL DISCLOSURES. A. DEPOSIT OF FUNDS & DISBURSEMENTS Unless directed in writing to establish a separate, interest-bearing account together with all necessary taxpayer reporting information, all funds shall be deposited in general escrow accounts in a federally insured financial institution including those affiliated with Escrow Holder (“depositories"). All disbursements shall be made by Escrow Holder's check or by wire transfer unless otherwise instructed in writing. The Good Funds Law (California Insurance Code 12413.1) mandates that Escrow Holder may not disburse funds until the funds are, in fact, available in Escrow Holder's account. Wire transfers are immediately disbursable upon confirmation of receipt. Funds deposited by a cashier's or certified check are generally available on the next banking day following deposit. Funds deposited by a personal check and other types of instruments may not be available until confirmation from Escrow Holder's bank which can vary from 2 to 10 days. B.
SPECIAL DISCLOSURES. Upon written request to the appropriate Committee once during any twelve (12) month period, a Participant or Beneficiary shall be furnished with a written statement, based on the latest available information, of the total benefits accrued, or the earliest date on which such bene fits will become non-forfeitable. Prior to the distribution of any benefits to which any Participant or Beneficiary may be entitled, he must be provided with a written explanation of the terms and condi tions of the various distribution options that are available and must in turn, file a written election with the appropri ate Committee. Upon termination of employment, an Employee who has been a Participant in the Plan is entitled to a written explanation of and accounting for any vested deferred bene fits which have accrued to his account and of any applicable options regarding the disposition of those benefits. Such information will also be provided to the Social Security Ad ministration by the Internal Revenue Service on the basis of information required to be reported by the Committee.
SPECIAL DISCLOSURES