Principle of benefit definition

Principle of benefit means that the outcome of the Acquisition of Land can give to a large extent benefit to the public, the nation, and the state.
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Principle of benefit means that the regulation on Personal Data Protection must be beneficial to the national interest, to especialy achieve the ideals of public welfare.
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Principle of benefit means all Trade policies and controls must be benefit the national interest, particularly to realize the public welfare aspirations.
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Examples of Principle of benefit in a sentence

  • Principle of benefit, land procurement is expected to bring positive impact to the people who need land, affected communities and the wider community.

  • In this regard, Article 2 of the 2007 UUKA states that the principle of railway operation as part of the national transportation system is based on the following: 1) Principle of benefit: Railways must be able to provide the greatest benefit to humanity, increase people's prosperity people's welfare, and develop a sustainable life for citizens.

  • The need for brokerage was not formally reported to the board until April 2014.

  • Principle of benefit (asas manfaat) which is intended to mandate that all efforts in the organization of consumer protection shall provide maximum benefit for the overall interests of the consumer and business actor.2. Principle of fairness (asas keadilan) is intended so that the participation of all people can be realized maximally and to provide opportunities for consumer and business actor to obtain their rights and fulfill their obligations in a fair manner.

  • Principle of benefit sharingThe Incentive Scheme is linked to the Company’s key performance indicators, highlights the Company’s common vision, and closely aligns the long-term interests of the Company’s management, core backbone staff and Shareholders.

Related to Principle of benefit

  • Schedule of Benefits means the section of this policy which shows, among other things, the Eligibility Requirements, Eligibility Waiting Period, Elimination Period, Amount of Insurance, Minimum Benefit, and Maximum Benefit Period.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Adoption Agreement means the written agreement pursuant to which the Employer adopts the Plan. The Adoption Agreement is a part of the Plan as applied to the Employer.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.