Joint Basis Sample Clauses

The "Joint Basis" clause establishes that certain rights, obligations, or actions under an agreement are to be undertaken collectively by two or more parties, rather than individually. In practice, this means that the parties must act together when making decisions, providing consents, or fulfilling responsibilities specified in the contract. For example, if two companies enter into a joint venture, a Joint Basis clause may require both to agree before any major project changes are made. This clause ensures coordinated action and shared responsibility, preventing unilateral decisions and promoting collaboration between the parties.
Joint Basis. Limited to a Joint and 100% Survivor Annuity with 10- Year Period Certain o The SETTLEMENT ANNUITY PURCHASE RATE (SAPR) per $1000, which is used at time of annuitization for reinsurance claims settlement shall be equal to the fixed annuity purchase rate that the Cedent would provide to an annuitant in the same class. Annuity form:
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Joint Basis. Limited to a Joint and 100% Survivor Annuity with 10-Year Period Certain
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Joint Basis. Limited to a Joint and 100% Survivor Annuity with 10-Year Period Certain • The Settlement Annuity Purchase Rate (SAPR) per $1000, which is used at time of annuitization for reinsurance claims settlement, is calculated using the following assumptions: Mortality Table Annuity 2000 (Exhibit I) Age Setback None Mortality Improvement Projection Scale G applied dynamically (Exhibit I) Sex distinct only Unisex Blend: The yield on the most recently auctioned 10-Year U.S. Treasury security (i.e., “on-the-run”), as posted in the Wall Street Journal, at the beginning of the month in which annuitization occurs plus 50 Basis Points. That interest rate shall never be less than 2.5%. Interest Rate: Expenses: None Premium Taxes: Applied by state of residence and market Age: Attained age on exercise date Frequency of payment Monthly Annuity form:
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Related to Joint Basis

  • After-Tax Basis Indemnification under Section 11.1 and Section 11.2 shall be in an amount necessary to make the Indemnified Party whole after taking into account any tax consequences to the Indemnified Party of the receipt of the indemnity provided hereunder, including the effect of such tax or refund on the amount of tax measured by net income or profits that is or was payable by the Indemnified Party.

  • Measurements and arithmetic conventions All measurements and calculations shall be in the metric system and calculations done to 2 (two) decimal places, with the third digit of 5 (five) or above being rounded up and below 5 (five) being rounded down.

  • Legal Basis The coordination of programs serving individuals with disabilities and the development of cooperative agreements between these programs has the following basis in Federal and State law: • The Rehabilitation Act of 1973, as amended by the Workforce Innovation Opportunity Act, 29 U.S.C. 701 et. seq. • 34 Code of Federal Regulations §§ 361, 363, 397 • The Americans with Disabilities Act, as amended • Maryland Education Article, §§ 21-301 – 21-304, Annotated Code of Maryland • Code of Maryland Regulations, 13A, Subtitle 11.

  • Cash Basis and Budget Laws The right of the City to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas. This Agreement shall be construed and interpreted so as to ensure that the City shall at all times stay in conformity with such laws, and as a condition of this Agreement the City reserves the right to unilaterally sever, modify, or terminate this Agreement at any time if, in the opinion of its legal counsel, the Agreement may be deemed to violate the terms of such laws.

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.