End-of year bonus 1 Employees are entitled to an end-of-year bonus of 8.3% of the basis of calculation applicable to the employee. The bonus shall be paid with the salary for November. Employees who leave employment before 1 November are also entitled to an end-of-year bonus. The bonus shall be paid in the month following the month in which the employment ended.
End-of. ARTICLE 16 -----------------
End-of. Term Report shall mean a report prepared for the Fusion Power Coordinating Committee's endorsement and CERT approval at the end of the initial term and each subsequent term of this Agreement and which covers the Agreement’s past achievements and future plans.
End-of. ARTICLE XV
End-of. Term: 22. Upon the expiration or other termination of the term of this lease, Tenant shall quit and surrender to Owner of the demised premises, “broom clean,” in good order and condition, ordinary wear excepted, and Tenant shall remove all its property. Tenant’s obligation to observe or perform this covenant shall survive the expiration or other termination of this lease. If the last day of the term of this lease or any renewal thereof, falls on Sunday, this lease shall expire at noon on the preceding Saturday unless it be a legal holiday in which case it shall expire at noon on the preceding business day.
End-of. ARTICLE I ARTICLE II ---------- LIABILITY --------- The liability of the Reinsurer on any reinsurance under this Agreement begins on January 1, 1997, the Effective Date. The liability of the Reinsurer will continue in accordance with the terms and conditions of this Agreement, and will end at the same time as that of the Company.
End-of. ARTICLE IV ARTICLE V --------- CLAIMS ------ SETTLEMENT OF CLAIMS --------------------
5.1 Except as otherwise specifically set forth herein, the Reinsurer's liability to the Company for the reinsurance benefits shall follow the Company's liability for such amounts of benefits under the terms of its policies.
5.2 The Company shall investigate and settle or defend all claims or losses. If a contest or compromise results in a reduced claim settlement, then the Company and the Reinsurer shall participate in proportion to their respective net liabilities before the reduction. The Reinsurer will accept the good faith decision of the Company in settling the claim and shall pay the reinsurance benefit amounts in effect when the company settles with the claimant, including a proportionate share of any interest paid to the claimant subject only to the limitations set forth below. If the Company, in good faith, pays benefits for alternative services or goods in order to reduce long term claim exposure, then the Reinsurer will participate proportionately in such benefits.
5.3 The Reinsurer will reimburse the Company for its proportionate share of legal expenses incurred in the defense of a claim only if the Reinsurer has been informed in writing in advance, of the Company's intent to incur such expenses, and the Reinsurer has agreed in writing to participate in such expenses. If the Company proposes to defend a claim with respect to which the Reinsurer does not agree to participate in the defense the Reinsurer shall pay its proportionate share of the loss and the loss adjustment expenses incurred prior to the Reinsurer's decision not to so participate. Such amounts paid to the Company shall fully discharge the Reinsurer's obligation hereunder with respect to such claim. CONTESTED CLAIMS ----------------
5.4 The Company will advise the Reinsurer in writing of any potential litigation involving reinsurance under this Agreement, and will advise the Reinsurer of its intention to deny a claim or associated claims, or to contest policies reinsured under this Agreement. If the Reinsurer agrees with the Company's intentions in writing, then the Reinsurer will, in addition to its share of the claim(s), pay its proportionate share of the unusual expense of the contest, including all reasonable legal fees, investigation fees, and extra contractual obligation damages arising out of the Company's actions with respect to such claims.
End-of. ARTICLE VII ARTICLE VIII ------------ ARBITRATION -----------
End-of. ARTICLE XII ARTICLE XIII ------------ REPRESENTATIONS AND WARRANTIES ------------------------------ THE COMPANY REPRESENTS AND WARRANTS TO THE REINSURER AS FOLLOWS: ----------------------------------------------------------------
End-of. ARTICLE XIV ARTICLE XV ---------- EXECUTION --------- In witness of the above, this Agreement is signed in duplicate at the dates and places indicated, with an Effective Date of JANUARY 1, 1997. CENTRAL RESERVE LIFE INSURANCE COMPANY STRONGSVILLE, OHIO Date: December 17, 1997 ------------------------ By: Mark X. Xxxxxxx ------------------------ Title: Chief Financial Officer ------------------------ Witness: Jennxxxx Xxxi ------------------------ REASSURANCE COMPANY OF HANNOVER ORLANDO, FLORIDA Date: December 17, 1997 ------------------------ By: Craix X. Xxxxxxx ------------------------ Title: Vice President & Actuary ------------------------ Witness: Jean X. Xxx ------------------------
