Material Feature Sample Clauses
A Material Feature clause defines specific characteristics or elements of a product, service, or agreement that are considered essential to its value or function. In practice, this clause identifies which features or attributes are so important that their absence or alteration would significantly impact the parties’ expectations or obligations—such as a key software capability in a technology contract or a critical safety component in a manufacturing agreement. Its core function is to ensure that both parties clearly understand which aspects are non-negotiable, thereby reducing disputes and providing a basis for remedies if these features are not delivered as agreed.
Material Feature. Material Feature" means any feature of a Plan that could reasonably be expected to be of material importance, in the aggregate, to the sponsoring employer or the participants (or their dependents or beneficiaries) of that Plan, which could include, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided under such Plan, the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan, and the costs and expenses incurred by the sponsoring employer or Participating Companies for implementing and/or maintaining such Plan.
Material Feature. “Material Feature” means any feature of a Plan that would reasonably be expected to be of material importance to the sponsoring employer or the participants (or their dependents or beneficiaries) (in the aggregate) of that Plan, which could include, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided under such Plan and the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan.
Material Feature. Material Feature means any feature of an Employee Benefit Plan that could reasonably be expected to be of material importance to the sponsoring employer or the participants and beneficiaries of the Employee Benefit Plan, which could include, depending on the type and purpose of the particular Employee Benefit Plan, the class or classes of employees eligible to participate in such Employee Benefit Plan, the nature, type, form, source, and level of benefits provided by the employer under such Employee Benefit Plan and the amount or level of contributions, if any, required to be made by participants (or dependents or beneficiaries) or the employer to such Employee Benefit Plan.
Material Feature. 4 1.47 Person.....................................................................4 1.48 SEC........................................................................4 1.49 Subsidiary.................................................................4
Material Feature. 4 1.38 Medical Plan ......................................................................................... 4 1.39 Non-Employee Director ................................................................................ 4 1.40 Non-Employee Director Plan ........................................................................... 5 1.41 Non-parties .......................................................................................... 5
Material Feature. Material Feature" means any feature of a Plan that could reasonably be expected to be of material importance to the sponsoring employer or the participants (or their dependents or beneficiaries) (in the aggregate) of that Plan, which could include, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided under such Plan, the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan, and the cost, administrative responsibilities, and other obligations of the Plan's sponsor or Participating Company.
Material Feature. Material Feature" means any feature of a Plan that could reasonably be expected to be of material importance, in the aggregate, to the sponsoring
Material Feature. 7 1.44 Merger Agreement................................................ 7 1.45