COVERAGE BY THIS AGREEMENT Clause Samples
The "Coverage by This Agreement" clause defines the scope of matters, services, or parties that are governed by the agreement. It typically outlines what specific activities, products, or relationships are included under the contract, and may clarify any exclusions or limitations. For example, it might specify that only certain transactions or geographic regions are covered, or that particular affiliates are included or excluded. This clause ensures that all parties have a clear understanding of what is and is not subject to the agreement, thereby preventing disputes over the contract’s applicability.
COVERAGE BY THIS AGREEMENT. Coverage by the provisions of this Agreement is conditioned upon the Officer’s continuous employment in an eligible capacity (periods of temporary disability and authorized leave of absence shall be considered as periods of employment) with the Bank from the effective date of this Agreement until the earlier of the date the Officer attains Retirement Age, is granted Early Retirement by the Board of Directors, is declared Disabled or dies. Benefit payments are conditioned upon the Officer’s compliance with the terms of this Agreement so long as the Officer lives and payments are due under the provisions of this Agreement.