Continued Accrual Clause Samples
The Continued Accrual clause ensures that certain rights, obligations, or benefits continue to accumulate or remain in effect even after a specific event, such as termination or expiration of an agreement. For example, this clause may allow for the ongoing accrual of interest on outstanding payments or the continued vesting of benefits until all obligations are fully satisfied. Its core practical function is to prevent the unintended loss of accrued rights or benefits due to the ending of a contract, thereby protecting the interests of the parties involved.
Continued Accrual. Continuity of a regular employee’s service will not be broken by absence
a. Absence by reason of industrial disability;
b. Authorized absence or leave of absence without pay for less than thirty (30) days in a calendar year;
c. Applicable state and federal laws shall govern absence due to military or National Guard service.
Continued Accrual. In the event that you do not provide Informal Earned Income Documentation, monthly payments will continue to accrue each month at the last- calculated amount, subject to annual escalations as provided in Section 8(c). Only by providing updated Informal Earned Income Documentation will these amounts change.
Continued Accrual. If Student does not provide Monthly Payments, the amounts will continue to accrue each month at the last-calculated Monthly Payment amount. Only by providing updated income documentation to Funder will this amount change.