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escape clause |
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escape clause n. a provision in a contract which allows one of the parties to be relieved from (get out of) any obligation if a certain event occurs. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The proposed automatic enrollment provisions come with escape clauses allowing workers to opt out of their 401(k) plans, but the legislation fails to address state-mandated household savings guidelines threatening individuals who accumulate modest sums. On Jacobsen's ideal platform, an absolute architectural morality prevails--there can be no mistakes and no excuses, no afterthoughts and no escape clauses, about the siting of the individual components of the scheme. Ironically, it doesn't meet any of the tests of the so-called Balanced Budget Amendment the administration is sponsoring as Proposition 58 - which may explain why that proposal contains more escape clauses than Britney Spears' wedding vows. |
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