Excepted Business definition
Examples of Excepted Business in a sentence
These Underwriting Guidelines shall not apply to Non-Covered Business and/or Excepted Business.
Any business resulting from any such inconsistent action shall be Excepted Business and, in addition to other rights available to AUL, any underwriting results arising from any breach of this Section 2.02(b) will, at AUL’s option, exercised within 5 Business Days of the later of the date such business is bound and the date on which AUL discovers or is notified that such business was bound, be excluded from the determination of the Profit Commission.
In performing its obligations under this Agreement, AUL shall at all times comply with the Business Framework, Underwriting Guidelines and, to the extent applicable, the Operating Guidelines; provided, however, that the Business Framework and Underwriting Guidelines shall not apply to Excepted Business.
For the avoidance of doubt, this Business Framework shall not apply to Non-Covered Business and Excepted Business.
In performing its obligations under this Agreement, AUI shall at all times comply with the Business Framework, Underwriting Guidelines and, to the extent applicable, the Operating Guidelines; provided, however, that the Business Framework and Underwriting Guidelines shall not apply to Excepted Business.
Such exceptions in this Section 2(c) are hereinafter referred to as the "Excepted Business Activities." Excepted Business Activities shall include, without limitation, the activities identified on Exhibit A attached to this Employment Agreement.
Sellers or CIT in their sole discretion shall determine whether Sellers’ or CIT’s employment of Excepted Business Employees or Leave Employees shall continue on or after the Closing Date.
These Underwriting Guidelines shall not apply to Excepted Business.
Any business resulting from any such inconsistent action shall be Excepted Business and, in addition to other rights available to AUI, any underwriting results arising from any breach of this Section 2.02(b) will, at AUI's option, exercised within 5 Business Days of the later of the date such business is bound and the date on which AUI discovers or is notified that such business was bound, be excluded from the determination of the Profit Commission.