Common use of Type of Occupation Clause in Contracts

Type of Occupation. Job Xxxxxx Information about a customer’s business or occupation must be as descriptive as possible. For example, in the case of a consultant, the occupation recorded should reflect the area of consulting, such as “information technology consultant”. As another example, in the case of a professional designation, the occupation should reflect the nature of the work, such as “electrical engineer” or “family physician”. Typical examples include: • If a customer advises the occupation is “professional”, document what profession in particular (e.g. accountant, doctor, lawyer, etc.) • If a customer advises they are a consultant, document as to what business or area • If a customer is retired, document the customer’s occupation prior to retirement • If a customer is unemployed, document the customer’s previous profession or occupation Additional Documentation Requirements

Type of Occupation. Job Xxxxxx Information about a customer’s business or occupation must be as descriptive as possible. For example, in the case of a consultant, the occupation recorded should reflect the area of consulting, such as “information technology consultant”. As another example, in the case of a professional designation, the occupation should reflect the nature of the work, such as “electrical engineer” or “family physician”. Typical examples include: •  If a customer advises the occupation is “professional”, document what profession in particular (e.g. accountant, doctor, lawyer, etc.) •  If a customer advises they are a consultant, document as to what business or area •  If a customer is retired, document the customer’s occupation prior to retirement •  If a customer is unemployed, document the customer’s previous profession or occupation Additional Documentation Requirements