Qualified survivor definition

Qualified survivor means the cooperative association or qualified corporation which continues to exist after a qualified merger.
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Qualified survivor means a person who is
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Qualified survivor means a person who is eligible to receive death benefits after the death of a primary party and includes only:
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More Definitions of Qualified survivor

Qualified survivor means any person (a) surviving a consolidation or merger with Holdings, Opco or Borrower or to which Holdings, Opco or Borrower sells, assigns, transfers, conveys or otherwise disposes of all or substantially all of its properties or assets taken as a whole and (b) which is a corporation, limited liability company or limited partnership organized or existing under the laws of the United States, any state of the United States or the District of Columbia.
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Qualified survivor means a Person which is the surviving entity following any acquisition of capital stock or merger, provided such surviving Person (i) after giving effect to such acquisition of capital stock or merger has a net worth equal to or greater than the net worth of the entities which were the subject of such acquisition of capital stock or merger and (ii) assumes or continues to perform, as applicable, all Obligations under the Loan Documents to which each was a party prior to such acquisition of capital stock or merger.
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Qualified survivor means a surviving spouse married to the decedent
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Qualified survivor means the surviving entity (other than Spinnaker or Spinco) after a merger or consolidation between Spinnaker or Spinco and a third Person if (and only if) such third Person is not a PGS Competitor and is not a Major Customer.
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Related to Qualified survivor

  • Qualified Successor means a person who is entitled to ownership of an Option upon the death of an Optionee, pursuant to a will or the applicable laws of descent and distribution upon death;

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of a Participant, with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the annuity which is payable during the joint lives of the Participant and the spouse, and which is the amount of benefit that can be purchased with the Participant's Vested Account Balance. The percentage of the survivor annuity under the Plan shall be 50%.

  • Qualified Preretirement Survivor Annuity is an annuity for the life of the surviving spouse of the Employee Participant or for a designated beneficiary, the actuarial equivalent of which is not less than fifty percent (50%) of the account balance of the Employee participant as of the date of his death.

  • Qualified Subsidiary means a Subsidiary that meets the definition of “a company controlled by its parent company” as defined in Rule 3a-5 under the 1940 Act.

  • Eligible Survivor means the Insured Employee's: