Commutation plan definition

Commutation plan means a plan for extinguishing the outstanding liabilities of a
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Commutation plan means a plan for extinguishing the outstanding liabilities of a commercial run-off insurer.
Sample 1Sample 2Sample 3
Commutation plan means a plan for extinguishing the
Sample 1Sample 2

Examples of Commutation plan in a sentence

  • A If, for good cause shown, the Department determines that any one or more of these requirements in this regulation should be modified or waived, the Department shall have the ability to approve an Insurance Business Transfer Plan or Commutation plan with such modification or waiver.

  • If, for good cause shown, the Department determines that any one or more of these requirements in this regulation should be modified or waived, the Department shall have the ability to approve an Insurance Business Transfer Plan or Commutation plan with such modification or waiver.

  • On the other hand, in the case of educational software, the distribution of the roles among the members of the student team and the evaluation of the contribution of each mem- ber are both very important factors in the project evaluation process.• Commutation plan: This criterion relates to moving from one phase of the devel- opment process to the next phase: In the context of business software development, the moving from one phase to another is controlled by some specific predetermined milestones.

  • COMMITMENT DESCRIPTIONMake the record of committees, boards and councils easier to use for the general public, public administration and research institutions.

Related to Commutation plan

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Data Sharing Agreement A formal agreement that documents what data is being shared and how the data can be used between the Parties. ‘‘Data Sharing Code of Practice” the code of practice issued by the Information Commissioner in respect to the sharing of personal data.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Mitigation plan means a proposal that includes the process or means to achieve carbon dioxide mitigation through use of mitigation projects or carbon credits.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Severance Agreement means the Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Conservation Plan means a document that outlines how a project site will be managed using best management practices to avoid potential negative environmental impacts.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Indigenous Peoples Plan or “IPP” means any of the plans acceptable to the Bank, adopted by the Borrower, through UCPyPFE-UEP, and/or the pertinent Participating Province when applicable as set forth in the Operational Manual, all prepared and to be carried out following the requirements of the Indigenous Peoples Planning Framework.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Reclamation plan means a plan submitted by an applicant for a permit which sets forth a plan for reclamation of the proposed surface coal mining operations pursuant to subsection 2 of section 38-14.1-14.

  • Health benefits plan means a benefits plan which pays or

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • standard term sheet has the meaning ascribed thereto in NI 41-101;

  • Plan 3 means the teachers' retirement system, plan 3

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Privatization contract or “contract” means an agreement or

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.