Effective Date; Plan Year Sample Clauses

Effective Date; Plan Year. This Agreement will become effective on the date established by BCN (“Effective Date”) and only after applicable premiums are paid, and it will continue unless terminated as provided in Section 14. Coverage is renewable annually if Group continues to meet eligibility requirements. The GHP’s Plan Year, as that term is defined in the Patient Protection and Affordable Care Act, as amended, and applicable regulations (collectively, “PPACA”), is the one year period beginning on the Effective Date and ending one year (or less) later on the last day of the month immediately preceding the month in which the Effective Date falls (“Effective Date Month”). Each Plan Year thereafter shall begin on the first day of the Effective Date Month and end one year later. Notwithstanding the foregoing, if Group identified a different Plan Year for the GHP when applying for coverage under this Agreement, which Plan Year must start the first day of a month (“Plan Year Start Date”), coverage shall begin on the Effective Date and shall continue until the end of the month immediately preceding the next Plan Year Start Date, which also shall be the first Renewal Date (as defined below). Thereafter, coverage under this Agreement shall commence on the Renewal Date and end one year thereafter. “Renewal Date” is the designated date upon which Group annually renews coverage and on which BCN’s rate re-determination for the next annual coverage period becomes effective. Group will notify BCN at least six months in advance of any change in the GHP Plan Year.
Sample 1Sample 2Sample 3See All (15)
AutoNDA by SimpleDocs
Effective Date; Plan Year. The Effective Date of the Plan is January 1, 2007 (the “Effective Date”). The Plan will be administered on the basis of a plan year (the “Plan Year”) which shall be the 12-month period ending on December 31 of each year.
Sample 1

Related to Effective Date; Plan Year

  • EFFECTIVE DATE OF PLAN Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders' meeting or by the consent of stockholders owning more than 50% of shares of the Common Stock within twelve months of such adoption.

  • Effective Date; Revocation Executive acknowledges and represents that he has been given [twenty-one (21)][forty-five (45)] days during which to review and consider the provisions of this Agreement and, specifically, the General Release set forth in Section 1 above. Executive further acknowledges and represents that he has been advised by the Company that he has the right to revoke this Agreement for a period of seven (7) days after signing it. Executive acknowledges and agrees that, if he wishes to revoke this Agreement, he must do so in a writing, signed by him and received by the Company no later than 5:00 p.m. Eastern Time on the seventh (7th) day of the revocation period. If no such revocation occurs, the General Release and this Agreement shall become effective on the eighth (8th) day following his execution of this Agreement and shall be final and binding on Executive.

  • Effective Date; Termination Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions:

  • Termination Date, Etc “Termination Date” shall mean in the case of the Executive’s death, his date of death, or in all other cases, the date specified in the Notice of Termination subject to the following:

  • Effective Date Certificate The Administrative Agent shall have received, with counterparts for each Lender, the Effective Date Certificate, dated the Effective Date and duly executed and delivered by the chief executive officer, an Authorized Person or the Treasurer of Micro.

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Effective Date of Agreement; Termination (a) This Agreement shall become effective when the parties hereto have executed and delivered this Agreement.

  • Notice; Effective Date of Termination (a) Termination of Executive’s employment pursuant to this Agreement shall be effective on the earliest of:

  • Effective Date and Allocations If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date.

  • EFFECTIVE DATE OF CONTRACT This contract shall not become effective until and unless approved by the City of Nashua.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!