No splitting of contract Clause Samples

The "No splitting of contract" clause prohibits the division of a single contract into multiple smaller agreements or parts. In practice, this means that the parties must treat the contract as a unified whole and cannot separate its obligations, deliverables, or payments into distinct contracts to circumvent terms, thresholds, or legal requirements. This clause ensures that the contract is executed and enforced as intended, preventing parties from avoiding specific obligations or regulatory thresholds by artificially splitting the agreement.
No splitting of contract. If this locked-in retirement account is not eligible for the lump-sum payment option referred to in section 9 of this Addendum, money in this locked-in retirement account must not be divided and transferred to 2 or more locked-in retirement accounts, life income funds, pension plans or annuities or any combination of them if that transfer would make the money in any one or more of them eligible for a lump-sum payment option under section 9 of this Addendum or section 69 (1) or (2) of the Act.
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No splitting of contract. If this life income fund is not eligible for the lump-sum payment option referred to in section 10 of this addendum, the money in this life income fund must not be divided and transferred to 2 or more locked-in retirement accounts, life income funds, pension plans or annuities or any combination of them if that transfer would make the money in any one or more of them eligible for a lump-sum payment option under section 10 of this addendum or section 69 (1) or (2) of the Act.
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Related to No splitting of contract

  • Signing of Contract 46.1 Upon the expiry of the fourteen days of the Notification of Intention to enter into contract and upon the parties meeting their respective statutory requirements, the Procuring Entity shall send the successful Tenderer the Contract Agreement. 46.2 Within fourteen (14) days of receipt of the Contract Agreement, the successful Tenderer shall sign, date, and return it to the Procuring Entity. 46.3 The written contract shall be entered into within the period specified in the notification of award and before expiry of the tender validity period.

  • Printing of Contract Each party agrees to assume the responsibility and associated costs of printing of their contract, unless the parties mutually agree to do otherwise.

  • Grouping of contracts To the extent practicable, contracts for goods shall be grouped in bid packages estimated to cost $100,000 equivalent or more each.

  • TIME OF CONTRACT This Contract shall commence on , and shall terminate on . Certificate(s) of Insurance must be current on day Contract commences and if scheduled to lapse prior to termination date, must be automatically updated before final payment may be made to Contractor. The final invoice must be submitted within 30 days of completion of the stated scope of services.

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.