Common use of Account Balance Carry Forward Provisions Clause in Contracts

Account Balance Carry Forward Provisions. Unused TWSA account balances can be carried forward and combined with new TWSA credits for the following calendar year.

Account Balance Carry Forward Provisions. i) Unused TWSA account balances can be carried forward and combined with new TWSA credits for the following calendar year. ii) At the end of the second calendar year, any balances remaining from the previous year will be forfeited (i.e. spending in any one (1) year must exceed funds carry forward from year immediately preceding).