Welfare Exemption Sample Clauses

The Welfare Exemption clause provides an exemption from certain taxes or regulatory requirements for organizations or properties used exclusively for charitable, religious, or other welfare-related purposes. In practice, this clause typically applies to non-profit entities, such as charities or religious institutions, allowing them to avoid property taxes or similar obligations as long as their activities align with the defined welfare purposes. Its core function is to support and encourage organizations that serve the public good by reducing their financial burdens, thereby enabling them to allocate more resources toward their charitable missions.
Welfare Exemption. County agrees that the County Assessor will not unreasonably withhold approval of the Welfare Exemption from Property Taxes in the event that the Property is subsequently conveyed to another organization qualified for said exemption with regard to the Property in its entirety.
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Welfare Exemption. If Borrower is comprised in whole or in part of an organization exempted under 501(c)(3) of the Internal Revenue Code, Borrower hereby covenants on behalf of itself, and its successors and assignees, that it will take all actions necessary to obtain a welfare exemption, under Article XIII of the California constitution, for low-income housing properties for the Project within twelve (12) months of receipt of a certificate of occupancy. Borrower covenants on behalf of itself, and its successors and assignees, that it will take all actions necessary to maintain such exemption.
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Welfare Exemption. The City acknowledges that Developer intends to obtain the welfare exemption from property taxes afforded under section 214(g) of the California Revenue and Taxation Code. Nothing in this Agreement shall prohibit Developer from obtaining such exemption.
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Related to Welfare Exemption

  • WELFARE PLAN Section 1: The Plan Section 2: Joint Welfare Board

  • Health and Welfare Benefit Plans During the Employment Period, Executive and Executive’s immediate family shall be entitled to participate in such health and welfare benefit plans as the Employer shall maintain from time to time for the benefit of senior executive officers of the Employer and their families, on the terms and subject to the conditions set forth in such plan. Nothing in this Section shall limit the Employer’s right to change or modify or terminate any benefit plan or program as it sees fit from time to time in the normal course of business so long as it does so for all senior executives of the Employer.

  • Welfare Benefit Plans During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Health and Welfare Benefits applies to full-time nurses only)