Total Permanent Disability definition

Total Permanent Disability means a determination by a physician approved by the Company that the Holder of a Security who is a natural person, who was gainfully employed on a full time basis at the Issue Date of such Security is unable to work on a full time basis during the succeeding twenty-four months. For purposes of this definition, “working on a full time basis” shall mean working at least forty hours per week.

Total Permanent Disability means a determination by a physician chosen by the Company that the Holder of a Security, who was gainfully employed on a full time basis at the Issue Date of such security is unable to work on a full time basis during the succeeding twenty-four months. For purposes of this definition, "working on a full time basis" shall mean working at least forty hours per week.

Total Permanent Disability means a determination by a physician approved by the Company that the Bondholder or the holder of a beneficial interest in a Bond, who is a natural person and who was gainfully employed on a full-time basis at the date they were issued such Bond, is unable to work on a full-time basis at all during the immediately succeeding 24-month period. For purposes of this definition, “working on a full-time basis” shall mean working at least 40 hours per week.

Examples of Total Permanent Disability in a sentence

• If a Security is held jointly by natural persons who are legally married, then a Repurchase Request may be made when either registered Holder of such Security dies or becomes subject to a Total Permanent Disability, the surviving Holder or the disabled Holder may request that the Company repurchase in whole and not in part, without penalty, such Security as jointly held by the Holders by delivering to the Company a Repurchase Request.

• The coverWhen it pays outLife CoverIf someone dies or is diagnosed with a terminal illness that meets our definition.Critical Illness CoverIf someone is diagnosed with a critical illness or Total Permanent Disability that meets our definition.Life or Critical Illness Cover If someone dies, or is diagnosed with a terminal illness, criticalillness or Total Permanent Disability that meets our definition.

• Subject to subsection (c) below, within 45 days of the death or Total Permanent Disability of a Holder who is a natural person (including Securities held in an individual retirement account), the estate of such Holder (in the event of death) or such Holder (in the event of Total Permanent Disability) may request that the Company repurchase, in whole and not in part, without penalty, the Security held by such Holder, by delivering to the Company a Repurchase Request.

• In the event a Security is held jointly by two or more natural persons that are not legally married, neither of these persons shall have the right to request that the Company repurchase such Security unless all joint holders of such Security have either died or suffered a Total Permanent Disability.

• Notwithstanding the foregoing sentence, if an Investment Debt Security is held jointly by a husband and wife, such Investment Debt Security shall be subject to the elective redemption provisions of this Article III upon the death or Total Permanent Disability of either spouse.

More Definitions of Total Permanent Disability

Total Permanent Disability means, with respect to a Beneficial Holder or Holder who is an individual natural person, a determination by a physician approved by the Company that such person, who was gainfully employed and working at least forty (40) hours per week as of the date on which Series C Preferred Stock was purchased, has been unable to work forty (40) or more hours per week for at least twenty-four (24) consecutive months.

Total Permanent Disability means disability of the Life Insured caused by accident or disease, resulting in complete loss or permanent paralysis and functionally irrecoverable of:

Total Permanent Disability or "Disability" means total, permanent and continuous disability where:

Total Permanent Disability means a determination by a physician approved by the Company that the Bondholder or the holder of a beneficial interest in a Bond, who is a natural person and who was gainfully employed on a full-time basis at the date they were issued such Boxx, is unable to work on a full-time basis at all during the immediately succeeding 24-month period. For purposes of this definition, “working on a full-time basis” shall mean working at least 40 hours per week.

Total Permanent Disability means the Participant has become permanently, totally and irreversibly disabled or suffers from dismemberment of limb(s) as a result of an accident.

Total Permanent Disability means when the Life Assured is totally, continuously and permanently disabled and meets either of the two definitions below:

Total Permanent Disability means, with respect to a holder of Redeemable Preferred Stock who is a natural person, a determination by a physician approved by the Company that such holder, who was gainfully employed and working on a full-time basis as of the date on which such Redeemable Preferred Stock was purchased, has been unable to work on a full-time basis for at least 24 consecutive months. In this regard, working “on a full-time basis” shall mean working at least 40 hours per week.