Sentences with phrase «on death or disability»

Sum assured is paid on death and on death or disability of the policyholder, all the future premiums are funded by the company.

Not exact matches

Also, if a majority of the Board is comprised of persons other than (i) persons for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to fill vacancies caused by death or resignation or to fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii) performance shares and performance units pay out pro rata based on performance through the end of the last calendar quarter before the time the participant ceased to be an employee.

Except for those executives who have an employment agreement that expressly provides for payment of an Award under the Bonus Plan in limited circumstances, in the event a participant's employment is terminated for any reason prior to the date of payment of an Award under the Bonus Plan, such participant will not be entitled to any bonus under the Bonus Plan, provided that in the event that a participant's employment terminates during the performance period due to (i) death or (ii) disability, the Committee may, at its sole discretion, authorize the Company to pay, on a prorated basis, an Award determined in accordance with the terms and conditions of Bonus Plan.

«Every withdrawal will include an earnings portion, meaning that if the owner makes a nonqualified withdrawal, he or she is going to pay a penalty tax on earnings unless the withdrawal qualifies for an exemption, such as the death or disability of the beneficiary,» he said.

The following table quantifies for each named executive officer the value of his unvested restricted shares and stock options, the vesting of which would be accelerated upon death or permanent disability (assuming the officer died or became permanently disabled on May 31, 2014):

(a) There are risks and dangers associated with participation in ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») events and activities which could result in bodily injury, partial and / or total disability, paralysis and death.

Article II, Section 1, Clause 6 In Case of the Removal of the President from Office, or of his Death, Resignation, or Inability to discharge the Powers and Duties of the said Office, the Same shall devolve on the Vice President, and the Congress may by Law provide for the Case of Removal, Death, Resignation or Inability, both of the President and Vice President, declaring what Officer shall then act as President, and such Officer shall act accordingly, until the Disability be removed, or a President shall be elected.

Filling a Vacancy on the National Ticket: In the event of death, resignation or disability of a nominee of the Party for President or Vice President after the adjournment of the National Convention, the National Chairperson of the Democratic National Committee shall confer with the Democratic leadership of the United States Congress and the Democratic Governors Association and shall report to the Democratic National Committee, which is authorized to fill the vacancy or vacancies.

«Of those patients who survive the initial hemorrhage, 30 % will go on to have a secondary stroke within two weeks of the initial event, which can cause further disability or death,» said Powers.

This Notice does not apply to health information collected or maintained by The Wistar Institute (the «Company») on behalf of the non-health employee benefits that it sponsors, including disability benefits, life insurance, accidental death and dismemberment insurance, and workers» compensation insurance.

It only makes sense for people who are otherwise on their way to an early death or disability, as is the case for multiple sclerosis patients.

footnote ** IRA distributions received before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance premiums (after you've received at least 12 consecutive weeks of unemployment compensation).

After the account has been open five tax years, earnings can be withdrawn tax and penalty - free for any of these reasons: age 59 1/2, disability, death, or a first - time home purchase (lifetime limit for exemption on first - time home purchase is $ 10,000)

But you might be forced to refinance or sell your home before you break even on your points if you face an unexpected life challenge like divorce, death of a spouse, disability or a job loss or transfer.

Borrower benefits: RISLA offers its borrowers options like loan forgiveness in the case of death or permanent disability, forbearance for up to 12 months for borrowers who go back to school, and co-signer release after 24 months of on - time payments

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of Disability Insurance: Optional policy that guarantees loan payments will be made in case of disabilitydisability

NCLC attorneys also recommend ensuring that future originations are based on sound underwriting and include provisions for flexible repayment and discharges in situations such as school closure, death, or disability.

Income taxes are not due on earnings from after - tax Roth accounts, provided the account has met the following conditions: 1) five - year holding period, and 2) one of these qualifying events: age 59 1/2, disability, or death.

Currently, federal student loans are eligible for forgiveness in cases of death or disability but the taxes must be paid on the amount forgiven which can end up being a financial burden to either the individual or their family.

Payment protection can pay off your loan in the event of death, or make payments on your behalf in the event of disability or other protected events.

Loan forgiveness granted for death or permanent disability of the borrower or if the student on whose behalf a parent obtained the loan dies

Term life and disability coverage could reduce, pay off or make the loan payments on your covered cPort loan in the event of your death or disability from a covered illness or injury.

Payment protection is a voluntary debt cancellation program from Alaska USA that cancels your loan balance or your monthly loan payment (depending on the package selected) in the event of disability or death up to the agreement maximum.

Reevaluate your death benefit on an ongoing basis — especially as you earn more, change jobs, have a child, get married, get divorced, experience a serious illness or disability, begin caring for an aging parent, have a death in the family, or start a business.

Exempt federal and private education loans discharged due to death or total and permanent disability of a borrower from income tax on the amount discharged;

Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability, withdrawals made on account of the beneficiary's receipt of a scholarship.

Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability and withdrawals made on account of the beneficiary's receipt of a scholarship.

Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability, withdrawals made on account of the beneficiary's receipt of a scholarship, or rollovers.

Once the five - year requirement is met, distributions will be free from federal income taxes if taken: (1) after age 59 1/2 (2) on account of disability or death, or (3) to pay up to $ 10,000 of the expenses of purchasing a first home.

Most lawyers and law firms and malpractice insurers think of backup attorneys in cases of disaster, like death or disability, but, if you're intent on ramping up your vacation time, you should think of backup attorneys in terms of convenience.

In the event that you have been injured or lost a loved one in an accident, you could be on the brink of a financial disaster caused by enormous medical bills and income lost due to disability or wrongful death.

In serious injury cases resulting in death, disability, or a serious impairment of bodily function, the victims of these accidents can seek additional damages from the at - fault driver based on his or her negligence.

In any such case, if the person entitled to bring the action was at the time the personal injury, death, or property damage occurred under the age of 18 years, under legal disability, or imprisoned on criminal charges and the claim is not against the Illinois Department of Corrections or any past or present employee, the limitation period does not begin to run until the person reaches the age of 18, the disability is removed, or the person ceases to be imprisoned.

While most of the medication errors that occur have either little effect on the patient, others can cause permanent long - term injury, disability, or even death.

Nobody likes to think about their death or disability, but you've got family, employees and clients who rely on you.

If Participant's employment with Micro or any Affiliate is terminated for any reason other than death, disability... or retirement... prior to the time when all Shares have become Unrestricted Shares..., Restricted Shares... shall be repurchased by Micro at the lower of (x) the Purchase Price and (y) the Fair Market Value of such Shares on the Repurchase Date.

(In Case of the Removal of the President from Office, or of his Death, Resignation, or Inability to discharge the Powers and Duties of the said Office, the same shall devolve on the Vice President, and the Congress may by Law provide for the Case of Removal, Death, Resignation or Inability, both of the President and Vice President, declaring what Officer shall then act as President, and such Officer shall act accordingly, until the Disability be removed, or a President shall be elected.)

Key man insurance, commonly referred to as key person insurance, is essentially life and / or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illness.

For years, companies both large and small have purchased and owned both key man life and key man disability insurance policies on the lives of their strategic people so that business continuity can be maintained in the unforeseen circumstances of a death or disability.

PMI has nothing to do with death or disability and is meant to pay off your lender if you were to default on your loan.

In return for a premium, insurance company agrees to pay a particular amount to the policyholder or his / her beneficiary on the happening of certain events like death of the insured, critical illness and personal disability.

Provides the benefit of waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

Provides the benefit of waiver of all future premiums payable Guarantees security of income to the family on earlier occurrence of untimely death, accidental permanent total disability or critical illness.

Payment Protection Option is an insurance rider available on the Grow - Up ® Plan that will cover premium payments in the event you, the policyowner, can not pay the monthly premium due to disability or death.

Accidental cover, on the other hand, insures you against financial risk that could occur due to accidental permanent disability or loss of income in case of a death of the earning member.

Other factors which may determine eligibility for both approval and death benefit amount are mobility (use of a cane, walker or wheelchair), current income based on active work (disability isn't considered active income), and need based amounts to cover debts.

With Michigan being a «no - fault» state, the liability coverage required on your policy mainly serves to provide coverage if you are involved in an accident out of state when you are considered to be «at - fault», and inside the state line in extreme cases like causing death or permanent disability or disfigurement.

The goal when valuing a key person for life and disability insurance is to get the correct amount of coverage based on the specific needs of the business but that also corresponds to the realistic loss associated with the death or disability of the key employee from the insurance company's viewpoint.

These agreements are crucial for small and closely held companies, as in many cases, the death or disability of a business owner creates a significant financial burden on the business as well as the remaining partners.