Policy Options Sample Clauses

The "Policy Options" clause defines the range of choices or alternatives available under an insurance policy or contractual agreement. It typically outlines different coverage levels, benefit structures, or optional add-ons that a policyholder can select based on their needs. For example, a life insurance policy might offer term, whole, or universal life options, each with distinct features and premiums. This clause's core function is to provide flexibility and customization, ensuring that parties can tailor the agreement to best fit their specific requirements and risk preferences.
Policy Options. The policy options discussed in this report may help further mitigate the susceptibility of MMFs to runs. Some of these options may be adopted by the SEC under its existing authorities. Others would require legislation and action by multiple government agencies and the MMF industry.
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Policy Options. The terms of reference for this study identified five possible policy actions under consideration by the Commission. These options are: • Status quo (no further EU action); • Promoting and sharing of best practices; • Encouraging self-regulation by the industry at EU level; • A Recommendation; • A Directive. The main characteristics of each option, as set out in the terms of reference for the study are: Option 1: No further EU action – This option is a baseline on which the costs and benefits of each of the policy options can be compared. Option 2: Promoting and sharing best practices - In the EU, there is currently a wide diversity of approaches to combating financial exclusion. The Commission could envisage the creation of expert groups and/or informal networks of Member States for sharing best practices. Expert groups and networks could assess the issue and the effectiveness of political actions. While reviewing national practices, Member States could compare these with those in other Member States that have more efficient systems in place, in order to update and improve their own procedures. This could bring pressure to bear and encourage governments to align their national initiatives with best practice. Option 3: Encouraging self-regulation by the industry at EU level - The Commission could encourage self-regulation by the industry with clear and effective monitoring and dispute settlement mechanisms in those countries where regulation is not in place. A possible initiative could be the coordination of national efforts via a European Code of Conduct with representatives of the banking industry in all Member States as signatories. • A commitment to lifting obstacles to the granting of Basic Bank Accounts to citizens or residents of other Member States; • The establishment of an effective complaints procedure; • The implementation of a mechanism to monitor the effectiveness of the Code.
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Policy Options. While this Policy is in force, You may apply for the following options subject to Our approval, by submitting Your application and other documents to be specified by Us to fulfill the terms and conditions set including those that We may impose or revise from time to time: 4.1 INCREASE / REDUCTION IN BASIC SUM INSURED Increase in Basic Sum Insured is not allowed. However, You may apply to Us to reduce the Basic Sum Insured anytime after the Issue Date, subject to the following conditions: (a) Any reduction of the Basic Sum Insured shall take effect from the next Policy Anniversary; and (b) All the benefits will be re-calculated based on the adjusted Basic Sum Insured after We approved and signed Your application to change the Basic Sum Insured at Our Office; and (c) The Basic Sum Insured must be at least the minimum Basic Sum Insured determined by Us at that time; and (d) The premium after the adjustment of the Basic Sum Insured must be at least the minimum premium deter mined by the Company at that time; and (e) Any terms and conditions set by the Company at the time of the Basic Sum Insured change.
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Policy Options. (a) The Ceding Company may, with the Reinsurer’s prior written consent, offer Policyholders the right to elect to receive a payment (a “Buyout Payment”) in exchange for a complete buy-back of such Policyholder’s Reinsured LTC Policy and discharge of the Ceding Company’s obligations thereunder (a “Buyout Settlement”). In the event a Policyholder elects to accept a Buyout Settlement and the Reinsurer has consented to the offering of such Buyout Settlement, the full amount of the applicable Buyout Payment shall constitute a Reinsured Liability and be reinsured under this Agreement. Upon a Buyout Payment in respect of any Reinsured LTC Policy, such policy, including any amendments, riders or endorsements attached thereto, shall cease to be a Reinsured Policy under this Agreement, and with the exception of the Buyout Payment (if the Reinsurer has consented to the relevant Buyout Settlement), the Reinsurer shall have no further liability with respect to such policy and any amendments, riders or endorsements attached thereto. For the avoidance of doubt, the Reinsurer shall have no obligation or liability with respect to any Buyout Payment if it has not given its consent to the offering of the related Buyout Settlement. (b) As an alternative to offering Policyholders an approved rate increase on a Reinsured LTC Policy, the Ceding Company may make policy changes (other than Buyout Settlements, which are addressed in Section 3.14(a)), including but not limited to the types set forth in Schedule H, utilizing actuarial methods and processes consistent with those utilized with respect to Other LTC Policies (any of the foregoing a “Policy Option”) either (i) with the Reinsurer’s prior written consent (not to be unreasonably withheld, conditioned or delayed) or (ii) as approved or non-disapproved by the appropriate Insurance Regulatory Authority, if such Policy Option is actuarially equivalent (which determination of actuarial equivalence may or may not take into account age, consistent with the approach taken by the relevant Insurance Regulatory Authority in approving or non-disapproving such Policy Option) as compared to the foregone approved rate increase; provided that, the Ceding Company proposal to the relevant Insurance Regulatory Authority with respect to such Policy Option does not have a disproportionate adverse effect on the Reinsurer as compared to the Ceding Company. A “disproportionate adverse effect” as used in the preceding sentence shall not be deemed to...
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Policy Options. Buy Out, Switching, Shared Savings Procedures Addendum 1-A Current and Future Health Benefits of the Recreation (Adopted) Employees Association
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Policy Options. 6.1 Increase and decrease [To insert brief details as to whether such action is allowed and if so, the limits sum insured on such increased or decreased sum insured.] 6.2 Add or remove riders [To insert brief details as to whether such action is allowed and if so, any limits on such actions to be taken.] 6.3 Changing policy term [To insert brief details as to whether such action is applicable.] 6.4 Policy reinstatement [To insert brief details as to whether such action is allowed and if so, any limits on such actions to be taken.] 6.5 Other Options [Please specify any policy options not mentioned above.]
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Policy Options. In complying with subparagraph (A), each State regulatory authority and each non- regulated utility shall consider— (i) removing the throughput incentive and other regulatory and management dis- incentives to energy efficiency; (ii) providing utility incentives for the successful management of energy effi- ciency programs; (iii) including the impact on adoption of energy efficiency as 1 of the goals of retail rate design, recognizing that energy effi- ciency must be balanced with other objec- tives; (iv) adopting rate designs that encourage energy efficiency for each customer class; (v) allowing timely recovery of energy efficiency-related costs; and (vi) offering home energy audits, offering demand response programs, publicizing the financial and environmental benefits asso- ciated with making home energy effi- ciency improvements, and educating homeowners about all existing Federal and State incentives, including the availabil- ity of low-cost loans, that make energy ef- ficiency improvements more affordable.
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Policy Options 
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Related to Policy Options

  • Options (1) Upon receipt of Instructions relating to the purchase of an option or sale of a covered call option, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the purchase or writing of the option by a Fund; (b) if the transaction involves the sale of a covered call option, deposit and maintain in a segregated account the Securities (either physically or by book-entry in a Securities System) subject to the covered call option written on behalf of such Fund; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any notices or other communications evidencing the expiration, termination or exercise of such options which are furnished to the Custodian by the Options Clearing Corporation (the "OCC"), the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. (2) Upon receipt of Instructions relating to the sale of a naked option (including stock index and commodity options), the Custodian, the appropriate Fund and the broker-dealer shall enter into an agreement to comply with the rules of the OCC or of any registered national securities exchange or similar organizations(s). Pursuant to that agreement and such Fund's Instructions, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the writing of the option; (b) deposit and maintain in a segregated account, Securities (either physically or by book-entry in a Securities System), cash and/or other Assets; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any such agreement and with any notices or other communications evidencing the expiration, termination or exercise of such option which are furnished to the Custodian by the OCC, the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. The appropriate Fund and the broker-dealer shall be responsible for determining the quality and quantity of assets held in any segregated account established in compliance with applicable margin maintenance requirements and the performance of other terms of any option contract.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.