Financial Interdependence definition

Financial Interdependence means that the domestic partners have entered into a contractual commitment for financial responsibility or have joint ownership of significant assets (such as home, car, bank accounts) and joint liability for debts (such as mortgages and major credit cards). Financial interdependence is demonstrated by meeting at least two of the following conditions:

Examples of Financial Interdependence in a sentence

• If the Employee and Plus One Qualifying Adult cease to reside together, or cease to share common financial obligations described in the Financial Interdependence Documents, the Plus One Qualifying Adult is no longer eligible to be a Dependent of the Employee.

• If you live in a jurisdiction that has not adopted a policy of allowing legal registration for domestic partners, you must submit a notarized Alternative Affidavit of Domestic Partnership and a sworn Declaration of Financial Interdependence.

• Assignment of a durable property power of attorney or health care power of attorney.Loss of Eligibility; Changes to Common Address or Financial Interdependence Documents.

• The scoring exceptions for adult felony offenses where domestic violence was pleaded/proven will score as 1 point per standard scoring rules, and are eligible for the expanded sentence range under the repeat violent/serious violent and repeat domestic violence column.

• If the information on the Financial Interdependence Documents or Driver’s license or Government issued Identification Card changes, the Employee must notify the Plan Administrator within 31 days and provide copies of the new documents, or risk loss of eligibility for the Plus One Qualifying Adult.

• The Plus One Qualifying Adult must be financially interdependent with the Employee, sharing common financial obligations, as evidenced by three or more of the following documents (Financial Interdependence Documents), and continue to do so for the Plus One Qualifying Adult to remain eligible.

• Changes that are being introduced are encountering resistance from university employees, which is especially the case with non-integrated universities, i.e. those that have an organisational structure comprising faculties (as legal persons), each of which has its own management and administrative structure.

• Additional hours are expected to be provided as the Mission’s capacity to produce more radio material increases.

• In the case of a Domestic Partner, as of the first of the month following the date the requirements have been satisfied and a Statement of Financial Interdependence form is approved.

• If the information on the Financial Interdependence Documents or Driver’s license or Government issued Identification Card changes, the Employee must notify the Plan Administrator within 31 days and provide copies ofthe new documents, or risk loss of eligibility for the Plus One Qualifying Adult.Note: Federal and/or State tax implications may arise when enrolling a Plus One Qualifying Adult as a Dependent under the Plan.