ABP definition
Examples of ABP in a sentence
Discussions of the generation policy will cover the extent to which use will be made of existing instruments, such as: • reduction of working hours by a maximum of 184 hours per year with continuing pension accrual; • use of additional personal budget to reduce the standard annual hours; • awareness and use of transition arrangement VUT (early retirement) for employees employed before 2006 (conditional purchasing arrangement for former service); for this ABP scheme, UMCs pay 2.6% of the salary.
If the IPA determines that Seller has failed to perform a material covenant or obligation set forth herein that is tied to a Designated System or that a Designated System as built (i) is in material non-conformance with the requirements of the ABP or (ii) is materially non-conforming with the information previously submitted by Seller to the IPA about that Designated System as reasonably determined by the IPA, then the IPA shall provide notice of the material deficiency to Seller.
In the event that Seller fails to demonstrate, and the IPA is unable to verify, fulfillment of such attributes in connection with the IPA’s review of the ABP Part II Application of such Designated System, the Designated System shall be removed from this Agreement.
If Seller fails to cure the material deficiency or the IPA determines in its reasonable discretion that the Designated System’s material deficiency continues, the IPA shall have the right to remove the Designated System from this Agreement after the twenty (20) Business Day cure period, or alternatively to impose other discipline on Seller under the ABP.
In accordance with Section 5.6 of the Agreement, if Seller is an Equity Eligible Contractor, as indicated in Schedule A to the Product Order, and the Advance of Capital has been approved by the IPA based on information in Seller’s ABP Part I Application for such Designated System, IPA shall notify Buyer and Seller of such approval.