On 25 May 2011, the English Court of Appeal issued judgment on a dispute over the validity of the cancellation of a marine policy under an Iran sanctions clause, the scope for renewals, and the extension to policies to be prohibited under existing EU (European Union) sanctions against Iran.he contract of insurance was a composite policy of marine insurance covering hull and machinery risks on the NITC fleet of Iranian oil tankers, and the co-assured included a Cypriot operating company, Arash Shipping Enterprises Co. Ltd, which was owned or controlled by Iranian nationals.
DEFINITION of 'Tipping' The act of providing material non-public information about a publicly-traded company to a person who is not authorized to have the information. This is an illegal act.
Definition of Tipped Employee. Any employee working in an occupation in which he or she regularly receives more than $30 a month in tips is considered a tipped employee. Minimum Hourly Cash Wages for Tipped Employees Under Minimum Wage Laws. A listing of wage and tip amounts required to be paid to tipped employees as determined by state law.