Successor Owner definition

Successor Owner means the Person who is TeamCo’s successor by sale, transfer or Assignment of the Team or TeamCo’s interest under this Non-Relocation Agreement.

Successor Owner means the individual shown as such in the Data Pages when a Joint Life Contract is owned by an individual. The Successor Owner must be the spouse of the Owner on the Contract Date.

Successor Owner means an individual designated by the Owner in accordance with Section 5.06 of the Enrollment Agreement to become the Owner in the event of the Owner’s death.

Examples of Successor Owner in a sentence

• Naming or changing a Successor Owner will be effective on receipt at the Home Office of a written request for such change that is acceptable to the Company.

• Successor Owner If an owner dies prior to the death of the Life Insured, a named successor owner will, if then living, have all the owner’s rights and interest in the policy.

• SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES 28 SECTION 9.1. Eligibility Requirements for Owner Trustee 28 SECTION 9.2. Resignation or Removal of Owner Trustee 28 SECTION 9.3. Successor Owner Trustee 29 SECTION 9.4. Merger or Consolidation of Owner Trustee 29 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee 30 ARTICLE X.

• A Successor Owner succeeds to the interests of an Owner only if the Owner was not the Annuitant at the time of the Owner's death.

• A Successor Owner succeeds to the interests of an Owner only if the Owner was not the Annuitant at the time of the Owner’s death.

More Definitions of Successor Owner

Successor Owner means the individual shown as such in the Data Pages when a Joint Life Certificate is owned by an individual. The Successor Owner must be the spouse of the Owner on the Contract Date, unless a change is subsequently made in accordance with Section 6.03.

Successor Owner means the individual, at least 18 years of age, corporation or other entity authorized to become the Account Owner and assume the responsibilities and duties of the Account Owner.

Successor Owner means the person designated by an account owner to succeed the account owner in the event of the death, incompetence or permanent disability of the account owner.

Successor Owner means the individual named and added to an individually owned Contract on or after the GWBL Conversion Effective Date for purposes of providing a Joint Life Benefit under this Contract. The Successor Owner must be the spouse of the Owner on the GWBL Conversion Effective Date, or the date added, if later, but a change may subsequently be made in accordance with Section 2.03 of this Rider.

Successor Owner shall have the meaning set forth in Section 18(c).

Successor Owner is defined in the preamble.

Successor Owner means any successor owner of the Hotel.