ANNUAL REVIEW CLAUSE Clause Samples

ANNUAL REVIEW CLAUSE. ( to cancel) It is a condition of this policy that ninety (90) days prior to each annual anniversary date the premium changed will be reviewed by Underwriters in light of amendments to exposures, loss experience, and anticipated activity hereunder. Any change to occur in the premium or rates as set forth herein in the following annual periods (i.e. 9/16/2006 - 9/15/2007) will be agreed solely by Underwriters reviewing the Assured's exposures, loss experience and anticipated activity. Individual annual declarations shall run to their natural expiry date. 1. COVERAGE: This Section insures against ALL RISKS of physical toss or damage from any cause (including theft), except as hereinafter excluded. Nevertheless, this policy will only pay claims in respect of actual total loss of the subject matter insured, always subject to the sue and labour, salvage charge and removal of debris extensions included hereunder. It is understood and agreed that if, by order or direction of any governmental body or agency, it is necessary to cause or inflict or suffer any damage to the property insured, insurance against the perils insured is extended to cover the loss or damage incurred always following a peril insured against. 2. PROPERTY INSURED: Covers all offshore exploration, production and/or development property: and onshore property, plant, equipment, terminal and pipeline of any description including, but not by way of limitation: A. Platforms, including all facilities, oil and/or gas production installations including drilling rigs and similar properties and all permanent property attached hereto, including but not limited to completed well structures, productions equipment, fuel in storage, machinery, tools, tanks, supplies, buildings and contents upon or attached to offshore structures, wellhead equipment an conductor pipe risers above the water bottom and lateral lines and/or pipelines within 1,000 feet of any platform (measured from the riser out), as scheduled herein, which may be at risk of the Assured, or for which the Assured may be legally or contractually liable. B. Offshore Pipelines, including catholic protection, in and along the seabed and including product in lines owned by the Assured, and products of others in owned pipelines where the Assured is responsible by law or contract, as scheduled herein, but excluding loss of or damage to pipelines within 1,000 feet of platforms (measured from the riser out). Coverage afforded under this paragraph is subjec...
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Related to ANNUAL REVIEW CLAUSE

  • Annual Reviews Within thirty (30) days after each annual anniversary of the Effective Date of this Agreement, the Company shall review Employee’s performance of his duties pursuant to this Agreement and advise Employee of the results of that review; provided, however, that Company may elect to conduct a partial-year performance review in order to synchronize Employee’s annual review date with that of the Company’s other executives. In connection with each such review, the Company shall evaluate whether any increase in Employee’s compensation under Section 2, below, is appropriate.

  • Annual Review The Board of Directors during the Contract Period shall review annually, or at more frequent intervals which the Board of Directors determines is appropriate, the Executive’s compensation and shall award the Executive additional compensation to reflect the Executive’s performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors.

  • Log Reviews All systems processing and/or storing PHI COUNTY discloses to 11 CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY 12 must have a routine procedure in place to review system logs for unauthorized access.

  • Design Review ‌ (a) Where so specified in Schedule A (Scope of Goods and Services) or as otherwise instructed by the City, the Supplier shall submit design-related Documentation for review by the City, and shall not proceed with work on the basis of such design Documentation until the City’s approval of such Documentation has been received in writing. (b) None of: (i) the submission of Documentation to the City by the Supplier; (ii) its examination by or on behalf of the City; or (iii) the making of any comment thereon (including any approval thereof) shall in any way relieve the Supplier of any of its obligations under this Agreement or of its duty to take reasonable steps to ensure the accuracy and correctness of such Documentation, and its suitability to the matter to which it relates.

  • SCHEDULE FOR PERFORMANCE REVIEWS 7.1 The performance of the Employee in relation to his performance agreement shall be reviewed for the following quarters with the understanding that the reviews in the first and the third quarter may be verbal if performance is satisfactory: