Policy Election Clause Samples

A Policy Election clause defines the process by which a party selects a specific insurance policy or coverage option under a contract. Typically, this clause outlines the available policy choices, the method and timing for making the election, and any requirements for notifying the other party of the selection. For example, a contractor may be required to choose between different levels of liability insurance and inform the client of their choice before work begins. The core function of this clause is to ensure that all parties are clear on which insurance coverage applies, thereby reducing uncertainty and potential disputes regarding risk allocation.
Policy Election. OP shall operate in accordance with the District’s Charter Policy specified in Addendum A-1 and other policies specified in ▇▇▇▇▇▇▇▇ ▇-▇, as they currently exist or as they may be amended, so long as any such amendment does not constitute a Material Breach of this Agreement. If both Parties agree that an amendment amounts to a Material Breach, then the Parties may agree to operate under a prior (non-amended) policy so long as the prior policy is in compliance with the then-current Applicable Laws.
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Policy Election. OP elects to operate in accordance with TISD Board Policies specified in ▇▇▇▇▇▇▇▇ ▇-▇, attached to this agreement.
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Policy Election. OP shall operate in accordance with the District’s Charter Policy specified in Addendum A-1 and other policies specified in ▇▇▇▇▇▇▇▇ ▇-▇, as they currently exist as of March 1, 2020. OP may, in its sole discretion, adopt an update or successor policy to any policy specified in Addendum A-2 but must take specific action to do so. The District is not required to notify OP of changes to its policies; rather, OP shall monitor publicly available notices of District policy adoption and amendments. If, after execution of this Agreement, OP determines that a policy specified in Addendum A-2 and not otherwise required by state or federal law is not suited to the needs of the School, it will provide notice of its intent to remove the policy from ▇▇▇▇▇▇▇▇ ▇-▇ or alter the manner and/or extent of the policy’s application to the District twenty- one (21) calendar days prior to the date on which it plans to cease operating in accordance with the policy. During the twenty-one-day notice period, OP will provide the District the opportunity to present any concerns about cessation in a meeting attended by the Superintendent and Executive Director. ▇▇ agrees to give concerns due consideration and negotiate solutions in good faith. OP may cease operating the School in accordance with the policy upon an affirmative vote of OP’s board of directors and agrees to give due consideration to any further alternatives proposed by the District at a later date.
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Policy Election. IMO elects to operate in accordance with all current or future PSJA Board Policies unless specifically exempted as specified in ▇▇▇▇▇▇▇▇ ▇-▇, attached to this agreement. IMO may request exemptions to additional policies by making a case for such exemptions and submitting them for the consideration of the Board of Trustees.
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Policy Election. OP elects to operate in accordance with The District Charter Policies specified in Addendum A1, attached to this agreement.
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Related to Policy Election

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Public Benefit It is ▇▇▇▇▇▇▇’▇ understanding that the commitments it has agreed to herein, and actions to be taken by ▇▇▇▇▇▇▇ under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of ▇▇▇▇▇▇▇ that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to ▇▇▇▇▇▇▇ failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that ▇▇▇▇▇▇▇ is in material compliance with this Settlement Agreement.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.