Assignment to Surplus Pool Clause Samples

The "Assignment to Surplus Pool" clause designates certain assets, funds, or resources to be included in a surplus pool, which is typically a collective reserve or fund set aside for specific purposes. In practice, this clause outlines the criteria or conditions under which items are assigned to the surplus pool, such as excess profits, unallocated funds, or assets not immediately required for operations. By clearly defining what is included in the surplus pool and how assignments are made, this clause ensures transparency and proper management of surplus resources, helping to prevent disputes and clarify the allocation of excess assets.