Examples of Income payor in a sentence
Income payor" means any person, partnership, firm, corporation, limited liability company, association, political subdivision, ordepartment or agency of the state or federal government owing income to an obligor and includes an obligor if the obligor is self-employed.
Income payor" means any person, partnership, firm, corporation, limited liability company, association, political subdivision, or department or agency of the state or federal government owing income to an obligor and includes an obligor if the obligor is self-employed.
Id. The Plan provides that the claims administrator will “pay your Monthly Benefit with no reduction for estimated Other Income until any Other Income payor reaches a decision” if the participant signs an agreement to reimburse the Plan “in full for any overpayment we have made as a result of [a]decision” regarding Other Income.