In the case of simultaneous claims, the maximum SSA for both securities under the pricing procedure is 25 per cent of the accumulated outstanding benefits of the two securities or the amount of $6,000 (or another dollar amount indicated in accordance with the law). SSA will approve the smaller of the two (25 per cent of total outstanding benefits or $6,000). The applicant, the applicant`s legal guardian or the parent of a child under the age of 18 and the designated representative must submit a written pricing agreement. To validate the agreement, we also require all parties to sign the same agreement: in Titles II and XVI simultaneous claims, the title II decision maker chooses the two titles (see GN 03940.002 for the definition of the Decision maker) and the date of notification of the favourable decision under the first title must be controlled for both titles. SSA will never approve a pricing agreement under one title and will not reject it under the other title, even if the pricing agreement between decisions is filed. When a decision maker authorizes a royalty agreement that does not meet the legal requirements of the law or is otherwise exempt, SSA cannot authorize a royalty as part of the pricing process. See GN 03940.020G. and GN 03940.025B.5. for instructions for the processing of fees for toll agreements that have been poorly approved. In such a case, an SSA examiner (GN 03960.001D.12. defines “Examiner”) rejects the royalty agreement and warns the applicant and the agent that if the agent intends to levy a tax on his services in the case, he/she must file a claim. If SSA makes a partially favourable decision, the decision maker will approve the royalty agreement if the legal conditions are met and no waiver applies, and SSA will approve a royalty under the terms of the contract.
If the decision on the application is unfavourable (in Titles II and XVI simultaneous rights, this means that both decisions are unfavourable), the decision maker does not make a decision on the pricing agreement and will not disclose the royalty agreement. We accept a language in a pricing contract that allows us to adjust the legal royalty limit in force from the date we approve the pricing contract. We also accept a language that sets the percentage or royalty threshold at less than the legal limit. We cannot accept a language that sets a certain minimum amount of royalties that can result in a fee of more than 25 per cent of outstanding benefits. We can only approve a royalty agreement if the favourable decision of the application or postal or post-authorization (EP) gives rise to outstanding benefits for a single claim or at least one title in simultaneous claims.