Voluntary Settlement definition

Voluntary Settlement means any fees, fines, or penalties paid by an Insured to a governmental authority pursuant to a Settlement Program for the actual or alleged inadvertent non-compliance by a Plan with any statute, rule or regulation; provided that Voluntary Settlement shall not include (i) any costs to correct the non-compliance, or any other charges, expenses, taxes or damages; or (ii) any fees, fines, or penalties relating to a Plan which, as of the earlier of inception date of this Policy or the inception date of the first policy in an uninterrupted series of policies issued by the Insurer of which this Policy is a direct or indirect renewal or replacement, any Insured Person knew to be actually or allegedly non-compliant.
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Voluntary Settlement means any fees, fines or penalties paid by an Insured to a governmental authority pursuant to a Voluntary Settlement Program for the actual or alleged inadvertent non-Settlement by a Plan with any statute, rule or regulation; provided Voluntary Settlement shall not include (i) any costs to correct the non-compliance, or any other charges, expenses, taxes or damages; or (ii) any fees, fines or penalties relating to a Plan which, as of the earlier of the inception date of this Policy or the inception date of the first policy in an uninterrupted series of policies issued by the Underwriter of which this Policy is a direct or indirect renewal or replacement, any Insured Person knew to be actually or allegedly non- compliant.
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Voluntary Settlement means any fees, fines, penalties or sanctions paid or agreed to be paid by an Insured to a governmental authority pursuant to a Settlement Program for the actual or alleged inadvertent non-compliance by an Insured Plan with any statute, rule or regulation; provided Voluntary Settlement shall not include (i) any costs to correct the non-compliance, or any other charges, expenses, taxes or damages; or (ii) any fees, fines, penalties or sanctions relating to an Insured Plan which, as of the earlier of the inception date of this coverage section or the inception date of the first policy in an uninterrupted series of policies issued by the Insurer of which this coverage section is a direct or indirect renewal or replacement, any Insured Person knew to be actually or allegedly non-compliant.
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Examples of Voluntary Settlement in a sentence

  • It is the policy of the court to encourage settlements at any stage of the proceedings and the civil master calendar judge may, at the request of a party to the action, set a cause for a Voluntary Settlement Conference on any date convenient to the court and counsel.

  • The Voluntary Settlement Conference shall be conducted by family law attorneys who shall be appointed by the Court to serve as Superior Court Settlement Officers.

  • Therefore the Court offers Voluntary Settlement Conferences as a mechanism for such good faith efforts.

  • Both parties or their attorneys shall appear and shall be given preference to be set first on the Voluntary Settlement Conference schedule.

  • Voluntary Settlement Conferences shall be conducted by a panel of two Settlement Conference officers; one shall be designated as Senior Settlement Conference Officer.

  • At the time a party files an At-Issue or Counter-At-Issue Memorandum the party may attach to the At-Issue or Counter-At-Issue Memorandum a “Request for Voluntary Settlement Conference.” All documents required to be filed for trial with the At-Issue or Counter-At-Issue Memorandum are required to be filed and to be complete.

  • If a Voluntary Settlement Program, or other comparable program is established by the University during the term of the Agreement, Unit Members shall be covered by the provisions of the Program under the same terms and conditions as other full-time personnel.

  • The parties must use the Stipulation and Order for Voluntary Settlement Conference (form ALA FL-045).

  • Upon the joint request of ALL counsel, and subject to availability, the Court will set a telephonic or video Voluntary Settlement Conference.

  • Voluntary Settlement AgreementsIf a potentially responsible party is willing to resolve its liability voluntarily, Section 122 of CERCLA90 gives EPA the discretion to enter into an administrative settlement agreement with that party instead of pursuing an enforcement action through a judicial or administrative order under Section 106, or a cost-recovery action under Section 107.

Related to Voluntary Settlement

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Mandatory Settlement Date means the earliest of:

  • Early Settlement has the meaning specified in Section 5.9(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent.

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • Early Settlement Rate has the meaning specified in Section 5.9(b).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Individual Settlement Payment means the amount payable from the Net

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.