Examples of Applicable Period in a sentence
In addition to the foregoing conduct, during the Applicable Period, certain sales personnel within the Swiss Life PPLI Business Unit engaged in other conduct in connection with opening or administering U.S.-related PPLI Policies under circumstances in which those sales personnel either knew or should have known that their conduct was assisting U.S. clients in using their Swiss Life PPLI policies to conceal offshore assets and income from U.S. authorities and evade their U.S. tax-related obligations.
During the Applicable Period, certain sales personnel of the PPLI Carriers marketed and sold PPLI policies to some U.S. persons under circumstances in which the PPLI Carriers knew, or should have known, that such U.S. persons were using the PPLI products for the purpose of concealing offshore assets and income from U.S. authorities and evading their U.S. tax obligations.