Franchise Board definition
Examples of Franchise Board in a sentence
Each of the Group Companies is conducting its business in compliance with applicable laws and regulations (including the regulations from time to time issued by the Lloyd's Franchise Board) and no entity has been in material breach of any such laws and regulations.
The forecast net loss to the Syndicate on any RDS (calculated using exchange rates consistent with those used in preparing the version of the Syndicate business plan for the year of account concerned that is approved by the Lloyd’s Franchise Board in October/November the year before) exceeds, without the prior written consent of the Agent (not to be unreasonably withheld or delayed), 20 per cent of the syndicate allocated capacity of the Syndicate for the year of account concerned.
The Franchise Board (being a board established by Lloyd’s with that name) having given prior written consent in accordance with paragraph 43 of the Underwriting Bye-law (No. 2 of 2003) in terms satisfactory to the Seller and the Purchaser (each acting reasonably and in good faith) that it approves or has no objection to the Purchaser, any other relevant member of the Purchaser’s Group or any other relevant person acquiring control (within the meaning of the Definitions Bye-law (No. 7 of 2005)) of FSML.
Payments for compensatory overtime hours are taxable as lump sum payments in accordance with IRS and State Franchise Board regulations and are subject to withholding as required by law.
In the event it is determined that these monies are treated as wages and taxes by the IRS and/or Franchise Board, the tax burden shall fall upon the workers and the parties shall meet to discuss whether or not to revert to the former PERS system.
The Buyer must withhold three and one third percent of the total Sales Price as state income tax and deliver the amount to the State Franchise Board in certain real estate transactions.
The Franchise Board will use its best efforts to secure approval for the Franchisee's use of any reasonably available land so requested for the purpose of providing services covered by the Franchise.
Its registration as a managing agent is not subject to any specific or exceptional directions, conditions or requirements given or imposed by the Franchise Board under paragraph 63 of the Underwriting Byelaw (No. 2 of 2003).
PURCHASERS in California agree to file an individual 592 B form with the State of California Franchise Board on behalf of Sco Biz, Inc.
AUAL and Syndicate 2012 are regulated by the FSA in the United Kingdom and, for Syndicate 2012 only, by the Lloyd’s Franchise Board.