Spousal share definition

Spousal share means one-half of the total value of all assets, to the extent that either the institutionalized spouse or the community spouse had an ownership interest at the time of the first continuous period of institutionalization.
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Spousal share means 1/2 of the couple's total countable resources at the beginning of the first continuous period of institutionalization as determined by a resource assessment.
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Spousal share means one-half (1/2) of the amount of a couple's combined countable resources, up to a maximum of $60,000 to be increased for each calendar year in accordance with 42 U.S.C. 1396r-5(g).
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Examples of Spousal share in a sentence

  • When the request is received within the 15-day limit, a hearing shall be granted.37.5(5) Spousal share.

  • Intestate leaving spouse and issue85.1 Spousal share if 2 or more persons are entitled as spouse86.

  • Example:If the Spousal share is:The community spouse asset allowance is: The community spouse asset allowance may be adjusted by any additional amount transferred under a court order or established through a fair hearing.

Related to Spousal share

  • Dissenting Share has the meaning set forth in Section 2.6 below.

  • Capital Share means a share of any class or series of stock of the General Partner now or hereafter authorized other than a REIT Share.

  • Company Share means one share of common stock of the Company, $0.01 par value per share.

  • Appraisal Shares means Shares issued and outstanding immediately prior to the Effective Time that are held by any holder who is entitled to demand and properly demands appraisal of such Shares pursuant to, and who complies in all respects with, the provisions of Section 262.

  • Company Stock Certificate has the meaning set forth in Section 1.7.

  • Rollover Shares has the meaning given in the recitals.

  • Dissenting Shares has the meaning set forth in Section 2.7.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Parent Stock Price means the average of the volume weighted averages of the trading prices of Parent Common Stock on the NYSE (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by Parent and the Company in good faith) on each of the five (5) consecutive trading days ending on the trading day that is two (2) trading days prior to the Closing Date.

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Special Voting Share means the one share of Series B special voting preference stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of shares of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Beneficiaries.

  • Non-Electing Share has the meaning specified in Section 12.11.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Common Stock Price means, with respect to the Company and each of the Peer Companies, as of a particular date, the average of the Fair Market Value over the 15 consecutive trading days ending on, and including, such date (or, if such date is not a trading day, the most recent trading day immediately preceding such date); provided, however, that if such date is the date upon which a Transactional Change of Control occurs, the Common Stock Price of a share of common stock as of such date shall be equal to the fair value, as determined by the Committee, of the total consideration paid or payable in the transaction resulting in the Transactional Change of Control for one share of Common Stock.

  • Excluded Shares has the meaning set forth in Section 2.1(b).

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Merger Consideration has the meaning set forth in Section 2.1(a).

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.