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Posted by / 13-Feb-2018 04:42

Contract law backdating

Then I'd hand them a standard NDA that: Most folks will chuckle, review it, and sign.They might want a little while to read it; treat it like it's not a big deal, just like you would an NDA for a regular new employee.No life insurance company nor any of its agents shall knowingly make, issue, or deliver in this state any policy or contract of life insurance which purports to be issued or to take effect as of a date more than three months before the application therefor was made, if thereby the premium on such policy or contract is reduced below the premium which would be payable thereon, as determined by the nearest birthday of the insured at the time when such application was made.In determining the date when an application was made, under this section the date of execution of the application or the date of medical examination, where such examination is required, whichever is later, shall govern.Now, a year into his employment, we want to make sure that he signs one.My question is, what language should I use in the contract to cover not just from the signing date but from a date a year ago?

In 1972, a new revision (APB 25) in accounting rules resulted in the ability of any company to avoid having to report executive incomes as an expense to their shareholders if the income resulted from an issuance of “at the money” stock options.Quite often a will be in conjunction with a spot delivery or Yo-Yo financing scam where the dealership led you to believe that your deal was finalized, only to call you back at a later date to change the structure of your agreement.A dealership might choose to backdate a contract for convenience, or because the lender’s acceptance of the deal was based on the original sale date, but more often than not it is because the dealer has found a way to make more money and needs to rewrite the contract so that they can pocket the extra profit.The term “customer-provided documents” includes all those listed in the comment to # 1 above, in­clu­ding but not limited to RFP responses. No changes to the Company’s standard terms and conditions without prior approval from Legal.This is an internal-controls requirement arising from the Sar­banes-Oxley Act; it helps keep the Company from incurring material obligations without management approval.

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In essence, the revision enabled companies to increase executive compensation without informing their shareholders if the compensation was in the form of stock options contracts that would only become valuable if the underlying stock price were to increase at a later time.

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