grandfather clause


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Any policy or rule that exempts a group of individuals, organizations, or drugs from meeting new standards or regulations—e.g., when a new subspecialty board in internal medicine is created, the physicians practising in that area may be ‘grandfathered’ into the subspecialty and not required to meet residency or other educational requirements

grandfather clause

Any policy or rule that exempts a group of individuals, organizations, or drugs, from meeting new standards or regulations; eg when a new subspecialty board in internal medicine is created, the physicians practicing in that area may be 'grandfathered' into the subspecialty and not required to meet residency or other educational requirements
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Corollary: The value of the grandfather clause, G(|Delta~), is given by
Eliminating or limiting the grandfather clause could have a significant impact on industry because, according to PHMSA, 61% of onshore natural gas transmission lines were constructed before 1970.
Either the senatorial clause and the grandfather clause are maintained in full, in which case the provinces with increasing populations would complain about being penalized even more than they currently are; or this protection is removed, in which case the provinces with declining populations would likely greet this decision with hostility.
The April supplement would go even further by eliminating the 1989 act's grandfather clause for related-party debt existing before July 10, 1989.
But that bill would keep the grandfather clause in effect for three more years, giving states more time to replace the revenue they now gain from Internet access taxes.
444 Madison's signage represents an existing non-conforming use and is permissible under a grandfather clause in the law.
But most of the 19 speakers opposed a grandfather clause to protect firms during the transition to new standards.
The bill affects 10 states that are allowed to levy taxes on Internet access under a grandfather clause in the current moratorium.
The original theory was that older plants eventually would be shut down because of inefficiencies and high maintenance costs, but the grandfather clause gave utilities motivation for keeping their oldest, dirtiest facilities going.
The exemption came in the form of a so-called grandfather clause the US negotiated with China that allows AIG to maintain its existing 100% owned branches.
The Small Business League generated about 6,000 e-mail messages urging that size standards be based on employment rather than receipts and that there should be no grandfather clause under the new size standards.