POLICY EXCEPTIONS. Except as otherwise specifically stated this Policy does not cover matters based on or arising from, during or out of:
6.1. A cause of action that may give rise to a claim, which arose prior to the effective date of the Policy;
6.2. A Business Act;
6.3. Defamation, or any other type of injuria where the Insured is cited as a defendant. If a claim of an aggrieved party is successful, an excess payment in the amount of one thousand Namibian Dollars (N$1000.00) will be levied before a legal practitioner is appointed;
6.4. Civil matters based on illegality or malice on the part of the Insured, including civil debt collection with a capital value less than five thousand Namibian Dollars (N$5000.00)
6.5. Matters in which the Insured does not have:
6.5.1. A personal interest;
6.5.2. A reasonable prospect of success.
6.6. Legal Costs awarded against the Insured in terms of a Court Order or any body provided for in the Labour Act, Act 6 of 1992 or Act 11 of 2007;
6.7. Matters which are reasonably capable of being resolved satisfactorily without legal representation;
6.8. Political activities by the Insured;
6.9. Any claim against the Insurer;
6.10. Any act by the Insured other than in his private capacity, for private purposes;
6.11. Events, conditions or circumstances of general public interest which may affect public interest or society generally;
6.12. Criminal charges in respect of an offence:
6.12.1. Which is of a type of which the Insured has been charged with or convicted of within a period of two years preceding the date upon which the present offence was allegedly committed;
6.12.2. For which an admission of guilt fine is payable.
6.13. Any act or activity which is calculated or directed to overthrow or influence any state, municipality, tribal or other public authority with force, warlike activity or means of fear to bring about any civil commotion, public disorder, riots or public disobedience;
6.14. Any attempt to perform any acts referred to above;
6.15. Any expropriation proceedings;
6.16. Bail money needed for the release of the Insured;
6.17. Not more than one claim shall be allowed under this policy relating to or arising from the same set of facts or circumstances or cause of action.
6.18. Any offence relating to property where the value of the property is less than five hundred (N$500.00).
POLICY EXCEPTIONS. Except as otherwise specifically stated, this Policy does not cover matters referred to in clause 2.1 based on or arising from during or out of:
5.1 A cause of action that may give rise to a claim which arose prior to the Effective Date of the policy;
5.2 Matters in which the Insured does not have:
5.2.1 An interest;
5.2.2 A reasonable prospect of success in the view of the Insurer;
5.3 Costs awarded against the Insured in terms of an Order of Court or other body provided for by the Labour Act;
5.4 Matters which are reasonably capable of being resolved satisfactorily without representation;
5.5 Political activities by the Insured;
5.6 Any claim by the Insured against the Insurer or its affiliated companies
5.7 Events, conditions or circumstances of general public interest which may affect public interest or society generally
5.8 Any activity or act which is calculated to overthrow or influence any state, municipality, tribal or other public authority with force, warlike activity or means of fear bring about any civil commotion, public disorder, riots or public disobedience
5.9 Matters based on illegality or malice on the part of the Insured
5.10 Any criminal matters instituted against the Insured
5.11 Matters with a capital value of less than N$10,000
5.12 Any debt due to the Insured that is less than sixty (60) days in arrears
5.13 Any matter instituted by or against the State or any State Owned Enterprise
5.14 Any expropriation proceedings
5.15 Any matter in which a nulla bona (no attachable assets) return of service is received from the Messenger / Sheriff in respect of a warrant of execution
5.16 Civil proceedings are not covered in the event that the gross annual turnover of the business exceeds the limit listed in the Schedule of Insurance; 6. PREMIUMS, SCHEDULE OF INSURANCE, PAYMENT OTHER INSURANCES AND DUTIES OF THE INSURED
6.1 The following shall be reflected in the Schedule of Insurance:
6.1.1 The monthly premium;
6.1.2 Particulars of employees employed by the Insured;
6.1.3 The first amount payable.
6.1.4 The maximum limit of indemnity from time to time.
6.2 The Insured shall take all reasonable steps to ensure that any damage in respect of an event is mitigated.
6.3 The Insured shall notify the Insurer if the amount of employees exceed the limit ascribed to the category of insurance for which the Insured has applied.
POLICY EXCEPTIONS. Employees absent due to an approved FMLA leave of absence, a work related injury, scheduled time off, jury duty or bereavement leave will not be recorded as being absent for the purposes of this policy. Employees prevented from reporting to work due to emergency weather conditions that affect the entire Facility will not be considered absent or tardy if they telephone the Facility and report their inability to come to work on time.
POLICY EXCEPTIONS. In the event that a business area or department is unable to comply with an approved Policy or Standard, an exception may be requested and submitted to the Policy Coordinator for initial review and onward presentation with recommendations to the ISGC and other interested parties. An exception also allows for non-compliance with a Policy or Standard for either an approved period, or indefinitely. This can be caused by technical limitations within an application or system or may be a result of a fundamental change to a business process or be in-line with specific business goals. In the case of an exception, a member of the ISSC must formally accept the risk and retain accountability for non-compliance. Refer to the policy exception procedure for further information.
POLICY EXCEPTIONS. These exceptions apply to all Sections of this Policy
POLICY EXCEPTIONS. The SIC may grant certain exemptions from the requirements of this Policy for a particular contract or investment, provided that:
A. Seventy-five percent of the SIC membership vote in favor of granting such exemption at a meeting of the SIC, and
B. The exemption granted pursuant to this Policy is clearly documented with an explanation of the basis for such exemption and discussed in public at the meeting of the SIC.
POLICY EXCEPTIONS. Exceptions to Information Security Policy are to be submitted to the Corporate IT&S Information Security Policy key contact for review and approval.
POLICY EXCEPTIONS. Under UPMIFA, the calculation of historic dollar value has been eliminated, thus relieving the burden of restricting the income distribution when the endowment market value falls below the original gift value (underwater) and instead requires prudence to be exercised. Ministry Trust, LLC. has adopted guidelines for spending to identify and administer underwater irrevocable endowments. The market values of irrevocable endowment investments are compared to their original gift values as of December 31 each year. If the market value is less than 80% of the original gift value, neither the Spending Policy payout, nor the income portion of the Cost Recovery Fee, will be distributed from the endowment for the upcoming year. The Spending Policy payout will be reinvested in the Fund until the market value of the investment recovers to 80% of the original gift value, measured as of December 31. Exceptions to this Policy must be approved by Ministry Trust, LLC. The Spending Policy is reviewed periodically to consider if appropriate adjustment is necessary. Approved by Ministry Trust, LLC. on August 6, 2020, and amended from time to time.
POLICY EXCEPTIONS. Under UPMIFA, the calculation of historic dollar value has been eliminated, thus relieving the burden of restricting the income distribution when the endowment market value falls below the original gift value (underwater) and instead requires prudence to be exercised. Ministry Trust, LLC. has adopted guidelines for spending to identify and administer underwater irrevocable endowments. The market values of irrevocable endowment investments are compared to their original gift values as of December 31 each year. If the market value is less than 80% of the original gift value, neither the Spending Policy payout, nor the income portion of the Cost Recovery Fee, will be distributed from the endowment for the upcoming year. The Spending Policy payout will be reinvested in the Fund until the market value of the investment recovers to 80% of the original gift value, measured as of December 31. Exceptions to this Policy must be approved by Ministry Trust, LLC. The Spending Policy is reviewed periodically to consider if appropriate adjustment is necessary. Approved by Ministry Trust, LLC. on August 6, 2020, and amended from time to time. 28 v5.0_00000000 Account Number/s ( To be assigned by Ministry Trust ) Organization Name: Street Address: City, Zip: Phone: Account Authorized Personnel W/D Auth. Ministry ClientView Name 1: Phone: Title: Email: Name 2: Phone: Title: Email: Name 3: Phone: Title: Email: 29 v5.0_00000000 Account Authorized Personnel (cont.) W/D Auth. Ministry ClientView Name 4: Phone: Title: Email: Withdrawal requests must be submitted to The Ministry Fund on your ministry’s/agency’s stationery via email, fax, or US mail. Signature: Date: Print Name: Title: Phone: Email: Account information available through Ministry ClientView is for inquiry purposes only. Information cannot be altered onscreen. No account activity (including withdrawals, wires, and transfers) can be initiated through Ministry ClientView. Data can be exported to the user’s file for spreadsheet applications or saving as a .pdf document. Please be aware that the first 10 business days of the month are needed to summarize and report activity through the prior month-end. Our goal is to fulfill account withdrawals within 10 business days. Account liquidations may take longer. 30 v5.0_05252021
POLICY EXCEPTIONS. The following clause of the current SEM policy does not apply to Company subsyndication partners listed in Exhibit X and Y. For the avoidance of doubt, this clause of the third party SEM policy is waived for those listed in Exhibit X and Y. [*]
