Alternative Definition Sample Clauses
An Alternative Definition clause provides a different or supplementary meaning for a specific term used within a contract, distinct from the standard or commonly accepted definition. This clause typically identifies the term in question and sets out a unique interpretation that applies only within the context of the agreement, which may differ from its general legal or industry meaning. By doing so, it ensures that all parties have a clear and shared understanding of how particular terms are to be interpreted, thereby reducing ambiguity and the risk of disputes over terminology.
Alternative Definition. The Employer in its Adoption Agreement may specify any alternative definition of Disability which is not inconsistent with Applicable Law.
Alternative Definition. In lieu of applying Section 1.40(A)(1), the Employer or Participant in an initial payment election or in a change payment election may elect a percentage of reduced bona fide services resulting in a Separation from Service which percentage must be greater than 20% and less than 50% of prior average service, determined over the immediately preceding 36 months.