Beneficiary or recipient definition

Beneficiary or recipient means the individual or organization for whom federal funds are intended.
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Beneficiary or recipient means the individual or organization for whom federal funds are intended. “CPE” means the Kentucky Council on Postsecondary Education.
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Examples of Beneficiary or recipient in a sentence

  • If the Participant, Beneficiary, or recipient refuses to reimburse the payment, the Board may, at its discretion, bring legal action to recover the payment, or may deduct the amount of payment from any future benefit payments that the Participant or Beneficiary may become entitled to under the Plan.

  • If, upon the acceptance of an application for assistance for a Beneficiary, or thereafter, the Trustee receives non-cooperation or non-compliance with its reporting or accounting requirements from the Beneficiary, or recipient on behalf of a Beneficiary, of Trust funds, the Trustee may, in the Trustee's sole discretion, withhold, withdraw, or postpone funds, support and/or distributions already earmarked for such Beneficiary.

  • When the Plan Administrator discovers a payment "made in error" the Plan Administrator will notify the Participant, Beneficiary, or recipient of payment, indicating the circumstances and amount of payment, together with a request for reimbursement.

Related to Beneficiary or recipient

  • 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.

  • 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.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Other Participant means a cooperative project participant other than the United States.

  • 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.

  • Executor means any executor, administrator or other person administering the estate of a deceased person;

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.

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

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

  • Spouse means, an individual who,

  • Participant has the meaning specified in Section 10.06(d).

  • legal personal representative means the personal or other legal representative of the shareholder;

  • Eligible Individual means any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

  • Grantee means the Party receiving funds under this Contract. May also be referred to as "Contractor" in certain attachments.

  • Eligible beneficiary means a resident of this state who:

  • Authorized Employee means an employee of Processor who has a need to know or otherwise access Personal Data to enable Processor to perform their obligations under this Addendum or the Agreement.

  • de facto spouse means a person of the opposite sex to the employee who lives with the employee as the husband or wife of the employee on a bona fide domestic basis, although not legally married to that person.

  • Managing Employee means a general manager, business manager, administrator, director, or other individual who exercises operational or managerial control over, or who directly or indirectly conducts the day-to-day operation of an institution, organization, agency or business entity;

  • Grant Recipient means the national government or a national government entity authorised to control or spend money under this Act or an incorporated or unincorporated body not otherwise authorised to control or spend money under this Act;

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • 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.

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Allocation Platform Rights Document means a document containing the information of the maximum amount of allocated Physical Transmission Rights (identified by CAI) that can be nominated by a market participant per Bidding Zone border per day per hour and per direction taking into account the volume of Daily Transmission Rights initially acquired and any possible curtailments which occurred before the issuance of the Rights Document. Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.