Occupation Right definition

Occupation Right means a licence to occupy the Unit without interruption or disturbance by the Operator and to the use in common with all other residents of the Village and all other persons from time to time authorised by the Operator of the Common Areas on the terms and conditions set out in this Agreement.
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Occupation Right means a right of occupation in respect of any dwelling in the Estate which is registered in the deeds office as a registered life right in terms of a retirement scheme or registered leasehold right;
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Occupation Right means your right to occupy a Dwelling under this Licence.
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Examples of Occupation Right in a sentence

  • The fee ceases when your unit is vacated, or when your Metlifecare Occupation Right Agreement (ORA) is terminated (whichever is later).

  • Metlifecare assures you that your Occupation Right Agreement (ORA) provides you with the right to live in your unit for the rest of your life.

  • Your Metlifecare Occupation Right Agreement (ORA) means that you have the right to live in your home for the rest of your life.

  • This Occupation Right Agreement shall terminate upon the death of the Resident, or, where two Residents have jointly signed this Occupation Right Agreement, upon the death of the surviving Resident.

  • The rules shall not be contrary to the terms of this Occupation Right Agreement and in the event of any conflict the terms of this Occupation Right Agreement shall prevail.

  • The Operator is not obliged to accept any prospective Resident who does not meet the Operator’s normal entry criteria or whose offer for an Occupation Right Agreement does not meet market value or conditions.

  • The Operator shall notify the Resident of the rules and any changes thereto, and the Resident agrees to comply with such rules and regulations and changes thereto as a condition of the continuation of this Occupation Right Agreement.

  • The Operator and the Resident may only vary the Occupation Right Agreement by mutual agreement.

  • As such, if the Resident marries or enters into a civil union, there is no change to the Occupation Right Agreement and it remains in the name of the original Resident.

  • Terms not explained here have the same meaning as in the Occupation Right Agreement.


More Definitions of Occupation Right

Occupation Right means your right to occupy a residential unit under this Licence.
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Occupation Right means a right of occupation in respect of any dwelling in the development which i s registered in the deeds office.
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Related to Occupation Right

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • employment zone means an area within Great Britain designated for the purposes of section 60 of the Welfare Reform and Pensions Act 1999 and an “employment zone programme” means a programme established for such an area or areas designed to assist claimants for a jobseeker’s allowance to obtain sustainable employment;

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • SAR means a stock appreciation right granted under the Plan.

  • Restricted Employee means any person who at the Termination Date was employed by the Company in an executive or senior managerial capacity or who could materially damage the interests of the Company or any Group Company if they were involved in any Capacity in any business concern in competition with the Company and with whom the Employee had material contact or dealings during the Restricted Period.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Option means a stock option granted pursuant to the Plan.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Transferable development right means a right to develop and use land that

  • Continuous Status as an Employee, Director or Consultant means the employment or relationship as a Director or Consultant is not interrupted or terminated. The Board, in its sole discretion, may determine whether Continuous Status as an Employee, Director or Consultant shall be considered interrupted in the case of: (i) any leave of absence approved by the Board, including sick leave, military leave, or any other personal leave; or (ii) transfers between locations of the Company or between the Company, Affiliates or their successors.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • ISO means any Option intended to be and designated as an incentive stock option within the meaning of Section 422 of the Code.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.