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.
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Term Plans. The premium rates applicable to the business reinsured under this Agreement will not exceed the greater of:
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Term Plans. Prepaid renewal premiums will not be commissioned until they are applied to the contract.
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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.
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Related to Term Plans

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Meal Plans Residents living in Residence Facility are required to purchase a University meal plan. Information regarding the meal plan options can be obtained by contacting the meal plan office at ▇▇▇-▇▇▇-▇▇▇▇.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the base salary of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to the following:

  • Option Plans There is no share option plan or similar plan to acquire any additional shares or units or other equity interests, as the case may be, of IEM or securities convertible or exercisable into or exchangeable for, or which otherwise confer on the holder thereof any right to acquire, any such additional shares or units or equity interests, as the case may be.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.