Qualifying Disability definition

Qualifying Disability means, with respect to any Bondholder or beneficial holder, a determination of disability based upon a physical or mental condition or impairment arising after the date such Bondholder or beneficial holder first acquired Bonds. Any such determination of disability must be made by the Applicable Governmental Agency responsible for reviewing the disability retirement benefits that the applicable Bondholder or beneficial holder could be eligible to receive.

Qualifying Disability means, as applicable, the earliest to occur of: (i) Participant’s “disability” within the meaning of Treas. Reg. Section 1.409A-3(i)(4), or (ii) Participant’s Separation from Service that is incurred after Participant has become disabled and qualified to receive benefits under the Company’s long-term disability plan.

Qualifying Disability means a total and permanent disability as defined in Section 22(e)(3) of the Code, which we determine is expected to prevent you from thereafter engaging in any gainful employment.

Examples of Qualifying Disability in a sentence

• However, where a stockholder requests the redemption of his or her Share due to a disability, and such stockholder does not have a “Qualifying Disability” under the terms described above, the board of directors may redeem the stockholder’s Shares in its sole discretion on the special terms available for a Qualifying Disability.

• If persons are joint registered holders of Shares, the request to repurchase the Shares may be made if either of the registered holders has a Qualifying Disability.

• If the stockholder is not a natural person, such as a partnership, corporation or other similar entity, the right to an Exceptional Repurchase upon Qualifying Disability does not apply.

• A disability determination by a governmental agency for purposes other than those listed above, including but not limited to worker's compensation insurance, administration or enforcement of the Rehabilitation Act or Americans with Disabilities Act, or waiver of insurance premiums will not be considered a Qualifying Disability.

• A disability determination by a governmental agency for purposes other than those listed above, including but not limited to worker’s compensation insurance, administration or enforcement of the Rehabilitation Act or Americans with Disabilities Act, or waiver of insurance premiums will not be considered a Qualifying Disability.

More Definitions of Qualifying Disability

Qualifying Disability means a Disability, as defined below, which the Committee determines is expected to prevent Grantee from thereafter engaging in any gainful employment. For purposes of this Agreement, a “Disability” shall mean a total and permanent disability as defined in section 22(e)(3) of the Code. The determination of whether Grantee’s Disability is a Qualifying Disability shall be made by the Committee in its sole discretion, and such determination shall be final.

Qualifying Disability has the meaning set forth in Section 6.1.

Qualifying Disability means a physical or mental impairment that substantially limits one or more "major life activities".

Qualifying Disability means any medically determinable physical or mental impairment resulting in the Participant’s inability to perform the duties of his or her position of employment or any substantially similar position of employment, where such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months. The Company will determine whether or not the Participant has incurred a Qualifying Disability based on such evidence as the Company deems necessary or advisable.

Qualifying Disability means a one hundred percent permanent total disability rating, or a permanent and total unemployability disability rating as determined by the United States Department of Veterans Affairs and certified by the secretary of the Louisiana Department of Veterans Affairs, or his designee, in a final adjudication of the initial rating decision, or as determined or certified by the proper state entity that adjudicates such claims for guardsmen in accordance with worker's compensation laws of this state."

Qualifying Disability with respect to the 2012 Performance Units has the meaning set forth in Section 4.4.

Qualifying Disability means that the Grantee has been determined to be disabled under the long-term disability plan sponsored by the Company under which the Grantee is covered at the time of the Grantee’s termination. If the Grantee is not covered under such a plan at the time of the Grantee’s termination, “Qualifying Disability” means the Company’s reasonable determination that the Grantee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months.