Medical Scheme Option definition

Medical Scheme Option means the Medical Scheme Option of the Principal Insured Person immediately prior to the Defined Event.
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Examples of Medical Scheme Option in a sentence

  • Gap Cover - A benefit equal to actual cost limited to six (6) times the Medical Scheme Tariff less the higher of the Medical Scheme Tariff or Medical Scheme Option Reimbursement Rate for Treatment received whilst as an in-patient and/or outpatient (as stated in the Defined Event).

Related to Medical Scheme Option

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Employee Option means an Option granted pursuant to Section 5.

  • Director Option means an Option granted pursuant to Section 6.

  • Approved Stock Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which shares of Common Stock and standard options to purchase Common Stock may be issued to any employee, officer or director for services provided to the Company in their capacity as such.

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.