Transfer of Benefit and Risk Sample Clauses

Transfer of Benefit and Risk. The benefit and risk shall pass to the Purchaser upon dispatch of the report that the deliverable is ready for shipment. If no report is made, the benefit and risk shall pass at the beginning of the transport to the storage site. If delivery, assembly, or installation is delayed at the Purchaser’s request or for other reasons not attributable to Siemens, the risk shall pass to the Purchaser at the date and time originally scheduled.
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Transfer of Benefit and Risk. The benefit and risk shall pass to the Purchaser upon dispatch of the report that the deliverable is ready for shipment. If no re- port is made, the benefit and risk shall pass at the beginning of the transport to the storage site. If delivery, assembly, or instal- lation is delayed at the Purchaser’s request or for other rea- sons not attributable to Siemens, the risk shall pass to the Pur- chaser at the date and time originally scheduled.
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Transfer of Benefit and Risk. The benefit and risk shall pass to Customer upon report of its readiness to accept delivery failing this, at the beginning of the transport to the storage site. If delivery, assembly, or installation is delayed at Customer’s request or for other reasons not attributable to Siemens, the risk shall pass to Customer at the date and time originally scheduled.
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Transfer of Benefit and Risk. The benefit and risk shall pass to Customer upon report of its readiness to accept delivery failing this, at the beginning of the transport to the storage site. If delivery, assembly, or installation is delayed at Customer’s request or for other reasons not attributable to Yunex, the risk shall pass to Customer at the date and time originally scheduled.
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Transfer of Benefit and Risk. Responsibility for the Management Subject to the terms of this Agreement, the benefit and risk regarding the Shares pass to the Buyer as of the Closing Date. As of the Closing Date, the Buyer assumes, subject to the terms of this Agreement, the full responsibility for the Company including its management and business. It is the understanding of the parties that the earnings of the business year 2006 shall be for the benefit of the Buyer
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Transfer of Benefit and Risk. 5.1. The benefit and risk shall pass to the Purchaser upon delivery being effected ex works or upon notification to the Purchaser of readiness of the items ordered for shipment. If the Purchaser fails to collect or accept the goods, or if it infringes any other duty to cooperate, Daxtro shall be entitled to ask for the compensation of any resulting damage, including any extra expenses. From the time of readiness of the products and/or components for shipment the consignments will be stored at the expense and risk of the Purchaser at a rate of 0.1% per month as calculated on the payable contract price.
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Transfer of Benefit and Risk. 11.1 Benefit and risk shall pass to the Customer upon departure of the systems from the manufacturing facility.
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Transfer of Benefit and Risk. 10.1 The benefit and risk regarding the Products, Works and/or Services shall pass to the Customer at dispatch of the Products and/or Works ex works at DECENTLAB GMBH’s premises. In the case of a Contract for provision of Services benefit and risk shall pass to the Customer at the time of notification of the completion of Services.
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Transfer of Benefit and Risk. 9.1 Benefit and risk shall pass to the buyer at the latest upon departure of the deliveries ex works.
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Related to Transfer of Benefit and Risk

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and xxxx the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will xxxx the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].

  • Restoration of Benefits The correction method should restore the plan to the position it would have been in had the failure not occurred, including restoration of current and former participants and beneficiaries to the benefits and rights they would have had if the failure had not occurred.

  • Assignment of Benefits All rights of the Member to receive benefits hereunder are personal to the Member and may not be assigned.

  • Loss of Benefits Employees who are separated from the service by a discharge under other than honorable conditions, bad conduct, or dishonorable discharge shall not be entitled to any of the benefits of Section 3 through Section 9 of the Article (relating to military leaves without pay) except such vested rights as they may have acquired thereto by virtue of payments made into their retirement accounts.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates:

  • Description of Benefits The benefits available under this Plan will be as defined in Item F(5) of the Adoption Agreement.

  • Coordination of Benefits The coordination of benefits (COB) provision applies when a Member has health care coverage under more than one plan. Plan is defined below. The order of benefit determination rules govern the order in which each plan will pay a claim for benefits. The plan that pays first is called the primary plan. The primary plan must pay benefits according to its policy terms without regard to the possibility that another plan may cover some expenses. The plan that pays after the primary plan is the secondary plan. In no event will a secondary plan be required to pay an amount in excess of its maximum benefit plus accrued savings. If the Member is covered by more than one health benefit plan, and the Member does not know which is the primary plan, the Member or the Member’s provider should contact any one of the health plans to verify which plan is primary. The health plan the Member contacts is responsible for working with the other plan to determine which is primary and will let the Member know within 30 calendar days. All health plans have timely claim filing requirements. If the Member or the Member’s provider fails to submit the Member’s claim to a secondary health plan within that plan’s claim filing time limit, the plan can deny the claim. If the Member experiences delays in the processing of the claim by the primary health plan, the Member or the Member’s provider will need to submit the claim to the secondary health plan within its claim filing time limit to prevent a denial of the claim. If the Member is covered by more than one health benefit plan, the Member or the Member’s provider should file all the Member’s claims with each plan at the same time. If Medicare is the Member’s primary plan, Medicare may submit the Member’s claims to the Member’s secondary carrier.

  • Suspension of benefits 1. The complaining Party may, at any time thereafter, communicate in writing to the Party complained against its intention to suspend the application of benefits in 30 days upon reception of such communication,if: (a) the disputing Parties are unable to agree on a compensation within 30 days after the period for establishing such compensation has begun, or the Party complained against has failed to observe the terms of the agreed compensation within 30 days following such agreement; (b) the Panel under the Article 187 (Examination of the Implementation) finds that the Party complained against fails to bring the measure found to be inconsistent with this Agreement into compliance with the recommendations of the Panel within the period of time established; or (c) the Party complained against expresses in writing that it will not implement the recommendations. 2. The complaining Party may initiate the suspension of benefits within 30 days following the latest date between the date of the communication pursuant to paragraph 1 of this Article and the date when the Panel issued its report pursuant to Article 190 (Examination of Benefit Suspension Level). 3. The level of benefits to be suspended shall have an equivalent effect to the benefits not being received. 4. In considering what benefits to suspend pursuant to paragraph 1: (a) the complaining Party should first seek to suspend benefits in the same sector or sectors affected by the measure; and (b) if the complaining Party considers that it is not practicable or effective to suspend benefits in the same sector or sectors, it may suspend benefits in other sectors. The communication in which it announces such a decision shall indicate the reasons on which it is based.

  • Commencement of Benefits The benefits commence six (6) months from the date that disability began, which shall include the period of payment under the terms of the Short Term Income Protection Plan. Proof of disability must be submitted within six (6) months following the Qualifying Period.

  • Summary of Benefits Plan Feature Employee Co-pay - Network Only Preventive and Diagnostic Services • Examination • Cleaning • x-rays $0 $0 $0 Minor Restorative • Fillings and extractions • Oral surgery • Endodontic services1 • Periodontal services1 $0 $40-$196 based on specific service $45-$310 based on specific service $25-$145 based on specific service 1 Additional employee co-pay if approved specialist performs services. Major Restorative • Crowns • Bridges • Complete Dentures $92-$190 based on specific service $115-$291 based on specific service $249-$264 based on specific service Complete Orthodontics $1,850 co-pay D PPO “Buy Up” Option (Voluntary) Summary of Benefits Plan Feature In Network/Out of Network Class I (Preventative) 100%/100% Class II (Basic/Restorative) 80%/80% Class III (Major) 60%/60% Class IV (Orthodontia - adult ortho is included) 50%/50% Annual Deductible per Member (does not apply to Class I services) $50/$50 Orthodontia Lifetime Max $1,500/$1,500

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