What is a dormant agreement?
What is a dormant agreement?
Dormant contract or dormant product means any commodity futures or option contract or other agreement, contract, transaction or instrument in which no trading has occurred in any future or option expiration for a periodof twelve complete calendar months and in which there is no open interest; provided, however, no …
What is an inactive contract?
Inactive Contract means any Contract for which performance has been completed or that has terminated, whether or not performance under any such Contract has been completed or has terminated prior to the Distribution Date, including inactive Contracts and Contracts in the close-out process.
What is a term in an agreement?
A contractual term is “any provision forming part of a contract”. Each term gives rise to a contractual obligation, breach of which can give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract.
What is a dormant employee?
A dormant employment contract is an employment contract with an employee who has been absent from work due to long term illness (generally: 2 years or longer), is not working for the employer and thus no longer receives a salary or any other related benefits, but is nevertheless kept “on the payroll” of the employer.
What does inactive date mean?
Dates. You can search by Inactive Date, which is when the contract becomes or became inactive. The Published Date, which means the date the government agency published the contract, or by Updated Date, as sometimes agencies will change a contract end date or start date.
What does inactive mean in science?
inactive – (chemistry) not participating in a chemical reaction; chemically inert; “desired amounts of inactive chlorine” chemical science, chemistry – the science of matter; the branch of the natural sciences dealing with the composition of substances and their properties and reactions.
What is a 1 1 contract?
The 1+1 refers to a two-year deal with a player option on the second season. The player who signs it is under contract for one season, and can extend that for one additional season, or become a free agent again at the end of the year.
How agreement is different from contract?
An agreement exists where there is a mutual understanding regarding rights and responsibilities among parties to a business arrangement. A contract is an agreement between respective parties that creates legally binding obligations.
What is the meaning for inactivity?
inactive, idle, inert, passive, supine mean not engaged in work or activity. inactive applies to anyone or anything not in action or in operation or at work. on inactive status as an astronaut inactive accounts idle applies to persons that are not busy or occupied or to their powers or their implements.
What is the over 38 rule?
Over 38 Contract — An Over 38 Contract is any contract that covers 4 or more seasons where the player is 38 years old or will turn 38 years old during the contract’s term. Essentially, salary for the last year of a 4 or 5-year contract with a player that is 35 or older is re-allocated over prior seasons.
What is the definition of a dormant company?
Definition of Dormant company. Dormant company means a company which does not pursue nor has the financial capacity to pursue a business plan or purpose, whether or not it is a development stage company.
What is the meaning of dormant in botany?
Definition of dormant. (2) botany : not actively growing but protected (as by bud scales) from the environment —used of plant parts 4 : associated with, carried out, or applied during a period of dormancy dormant grafting.
What is the meaning of the word Dor · Mant?
dor·mant | ˈdȯr-mənt . 1 heraldry : represented on a coat of arms in a lying position with the head on the forepaws. 2 : marked by a suspension of activity: such as.
What happens to dormant plants in the winter?
In winter, some plants survive as dormant seeds or bulbs, and some animals enter the dormant state of hibernation. Not active but capable of renewed activity. Volcanoes that have erupted within historical times and are expected to erupt again are dormant.