Term Plans Sample Clauses
The 'Term Plans' clause defines the duration and schedule for the performance of obligations under an agreement. It typically outlines the start and end dates of the contract, and may specify milestones, renewal options, or conditions for extension. For example, it might state that services will be provided for an initial one-year term, with automatic renewal unless either party gives notice. This clause ensures both parties have a clear understanding of the timeline for their commitments, reducing uncertainty and helping to manage expectations regarding the contract's lifespan.
Term Plans. You may purchase a Service either on a month-to-month plan or under a Term Plan. If you chose a Term Plan, you will be agreeing to commit to keeping and paying for the Service for a fixed number of months (for example, 12 or 24 or 36 months). A Term Plan will begin when the applicable Service is first installed or activated. When your current Term Plan ends, you may be given the option to select a new Term Plan or to receive the Service by paying on a month-to month basis, at a charge that may be higher than under a Term Plan.
Term Plans. The premium rates applicable to the business reinsured under this Agreement will not exceed the greater of:
Term Plans. Prepaid renewal premiums will not be commissioned until they are applied to the contract.
Term Plans. The reinsurance net amount at risk of the policy is the policy face amount, less the Company’s retention as stated in Exhibit A, multiplied by the Reinsurer’s share as stated in Exhibit C.