Beneficiary Contract definition

Beneficiary Contract means a contract referred to in paragraph 7 (e) of Schedule 4 to this Agreement;
Sample 1

Examples of Beneficiary Contract in a sentence

  • Failure to report the cancellation of any Beneficiary Contract for which a voucher has been issued within this timescale may be regarded as a breach of these Terms and Conditions and result in the initiation of the Issue Escalation Procedure.

  • Where Beneficiary Contracts or connections are not reported to the Authority within 10 days of the date of the relevant Beneficiary Contract, the Authority reserves the right not to issue a voucher to the relevant Beneficiary, or to make payment for the connection whichever is applicable.

  • At the end of 2005, 192 kg of methamphetamine were found in a container in the Hong Kong SAR.

  • However repair work on one of the city trams damaged in the earthquake has taken priority as it isn’t eating into reserves.We are almost there and should have the tram complete except for signwriting in about a months time.

  • The Beneficiary Contract was between the Bakkers and third party beneficiaries of the property purchasers (i.e., mortgage or title companies of the property purchasers).

  • The Firm responded on March 16, providing documents showing that Hughes had been charged with assault and theft, and that the charges had been dismissed after Hughes attended a diversion program.

  • Change in Beneficiary Contract holders can change the beneficiary as long as the new beneficiary is an eligible member of the family of the current beneficiary.

  • Courts soon found, however, that many third party beneficiaries could not be classified within the two categories.” (footnotes omitted)); Jessica Ansell Hauser, Nonconsensual Repeal of Third-Party Beneficiary Contract Rights: Senior Creditors Under Subordination Agreements, 8 Cardozo L.

  • Further, Alliance-One argued that the Breach of Third-Party Beneficiary Contract claim would fail because the contract between Accordia and Alliance-One governing policy administration services expressly stated that it was not intended to benefit third parties.

  • The Defendant is not entitled to judgment as a matter of law when taking all the factual allegations as true in these two counts.H. Plaintiff’s Count Three, the Third-Party Beneficiary Contract Claim.

Related to Beneficiary Contract

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Plan Agreement means a written agreement, as may be amended from time to time, which is entered into by and between an Employer and a Participant. Each Plan Agreement executed by a Participant and the Participant’s Employer shall provide for the entire benefit to which such Participant is entitled under the Plan; should there be more than one Plan Agreement, the Plan Agreement bearing the latest date of acceptance by the Employer shall supersede all previous Plan Agreements in their entirety and shall govern such entitlement. The terms of any Plan Agreement may be different for any Participant, and any Plan Agreement may provide additional benefits not set forth in the Plan or limit the benefits otherwise provided under the Plan; provided, however, that any such additional benefits or benefit limitations must be agreed to by both the Employer and the Participant.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • additional spouse means a spouse by the party to the marriage who is additional to the party to the marriage;

  • Termination Benefit means the benefit set forth in Article 7.

  • Monetary Contribution means the monetary contribution payable by the Developer under clause 6 of this agreement;

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Eligible Ground Lease means a ground lease containing terms and conditions customarily required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease, and shall include the following: (a) a remaining term (exclusive of any unexercised extension options) of 30 years or more from the date the applicable Property first becomes an Eligible Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor; (c) the obligation of the lessor to give the holder of any mortgage Lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including ability to sublease; and (e) clearly determinable rental payment terms which in no event contain profit participation rights.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Company Contract means any Contract: (a) to which the Company is a party; (b) by which the Company or any of its assets is or may become bound or under which the Company has, or may become subject to, any obligation; or (c) under which the Company has or may acquire any right or interest.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • land reform beneficiary , in relation to a property, means a person who -

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.