Eligible Policyholder means a policyholder who had a policy in force with a mutual insurer at any time during the three-year period immediately preceding the date of the adoption of a plan of conversion by the mutual insurer’s board of directors, including the date of adoption of the plan of conversion, and who, therefore, is eligible to receive an equitable share of the remaining statutory surplus of the mutual insurer, after provision for the base value for voting policyholders, as a result of the conversion.
Eligible Policyholder means the Policyholder of an Eligible Policy. For Eligible Policies that identify multiple insureds, each Person so identified on the declarations page of such Policy shall be an Eligible Policyholder. Each such Eligible Policyholder that is a Record Date Policyholder shall be entitled to vote at the Special Meeting. In addition, each such Eligible Policyholder shall be entitled to an allocation of the Cash Consideration based on the Eligible Premium with respect to such Eligible Policyholder as set forth in the definition of Eligible Premium.
Eligible Policyholder. ’ means a policyholder
Examples of Eligible Policyholder in a sentence
Eligible Policyholder has the meaning given in the Eligible Policyholders’ Scheme.
Each Eligible Policyholder may purchase a maximum of five percent (5%) of the Shares offered as part of the Conversion.
The Trustee agrees to be bound by the terms of clauses 3.5 to 3.9 of the Eligible Policyholders’ Scheme, as if those clauses were set out in full in this deed and as if the Trustee were an Eligible Policyholder.
No Eligible Policyholder may purchase fewer than 250 Subscription Shares, unless the minimum amount is reduced pursuant to the oversubscription provisions of Section 5.3(c).
In addition, each Eligible Policyholder will be allocated a Basic Variable Component of consideration if the Actuarial Contribution of any of the Eligible Policies owned by the Eligible Policyholder is positive.
More Definitions of Eligible Policyholder
Eligible Policyholder means a Person who, on the Eligibility Record Date, is a named insured under a Qualifying Policy issued by Fremont Mutual; provided however, that if the Qualifying Policy lists more than one named insured, all persons identified on the Qualifying Policy as a named insured shall jointly constitute one Eligible Policyholder with respect to that Qualifying Policy. Notwithstanding anything to the contrary expressed or implied in the Plan or the articles of incorporation or bylaws of Fremont Mutual, (i) no Qualifying Policy shall have more than one Eligible Policyholder, and (ii) with respect to each Qualifying Policy for which there is more than one named insured, the act of any one of the named insureds shall constitute the act of the Eligible Policyholder for the Qualifying Policy and all of the named insureds for the Qualifying Policy shall be bound by that act. A person insured under a group policy is not an Eligible Policyholder.
Eligible Policyholder means a Policyholder who is, or is deemed for purposes of this Plan to be, the Owner on or as of the Adoption Date of one or more Eligible Policies.
Eligible Policyholder means a Person who is, or, collectively, the Persons who are, the owners on the date that the Plan is adopted by the Company's board of directors of a policy that is in force on such date. The Company and any corporation in which the Company, directly or indirectly, holds a majority of the outstanding shares entitled to vote in the election of directors shall not be Eligible Policyholders with respect to any policy that entitles the policyholder to receive consideration, unless the consideration is to be utilized in whole or part for a plan or program funded by that policy for the benefit of participants or employees who have coverage under that plan or program.
Eligible Policyholder means a Person who, on the Eligibility Record Date, is the named policyholder under a Qualifying Policy issued by MICOA; provided however, that if the Qualifying Policy lists more than one named policyholder, all persons identified on the Qualifying Policy as a named policyholder shall jointly constitute one Eligible Policyholder with respect to such Qualifying Policy. Notwithstanding anything to the contrary express or implied in the Plan or the articles of incorporation or bylaws of MICOA, (i) no Qualifying Policy shall have more than one Eligible Policyholder, and (ii) with respect to each Qualifying Policy for which there is more than one policyholder, the act of any one of such named policyholders shall constitute the act of the Eligible Policyholder for such Qualifying Policy and all of the named policyholders for such Qualifying Policy shall be bound by such act.
Eligible Policyholder means, at any time prior to the Closing Date, a person who is a Policyholder on the Adoption Date and, at any time on or after the Closing Date, a person who is a Policyholder on both the Adoption Date and the Closing Date. For the avoidance of doubt, a person who is a Policyholder on the Adoption Date and who terminates or non-renews his, her or
Eligible Policyholder means those policyholders entitled to vote on, and receive consideration under, the Plan of Conversion.
Eligible Policyholder each Person eligible under the Plan of Conversion to receive consideration in exchange for Membership Interests. Employee: an individual who was a home office or field service employee of the Company or Company Subsidiary immediately prior to the Effective Time.