Sentences with phrase «upon death or disability»

The company should have a binding buy - sell agreement which would state that upon the death or disability of a shareholder the stock owned by the deceased would be sold to the surviving members at a prearranged price.

Putting all major assets, like investments and a house, in a single trust, make it easier to decide how these assets are handled upon death or disability.

Not exact matches

The employment agreements also provide for certain payments to the executives upon death or «disability.»

Federal loans are discharged upon the borrower's death (or permanent disability, in some cases).

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):

«The vesting of each executive's awards will accelerate upon termination of his employment for any reason (including a resignation for good reason) other than cause, death or disability (as such terms are defined in such executive's employment agreement) if such termination takes place upon or within two years following a change in control (as defined in such executive's employment agreement) that occurs during the term of his employment agreement and such executive signs a general waiver and release that has become effective.»

And if the House of Representatives shall not choose a President whenever the right of choice shall devolve upon them, before the fourth day of March next following, then the Vice-President shall act as President, as in the case of the death or other constitutional disability of the President.

Terms for private loans are much more stringent and may be less forgiving if you chance upon unexpected problems or issues that may occur down the road (such as disability, death or any other disruption of your payment schedule due to unforeseen circumstances).

You can also get loan forgiveness upon death or permanent disability.

This is a contract among the owners to buy a deceased owner's share of the business at an agreed upon price in the event of death, disability, or retirement.

Points do not constitute property of any person and may not be brokered, bartered, attached, pledged, gifted, sold, or transferred upon disability, death, upon operation of law, or in connection with any domestic relations dispute and / or other legal proceeding.

There are different levels of planning that should be considered for business interests and personal affairs in the event of a short - term absence, long term or permanent disability, and upon their death.

This strategy ensures a smooth transition of the company upon death, disability or retirement, prevents discord, and helps secure the success of the business into future generations.

And if the House of Representatives shall not choose a President whenever the right of choice shall devolve upon them, before the fourth day of March next following, then the Vice-President shall act as President, as in the case of the death or other constitutional disability of the President.

An interest based upon a reasonable expectation of pecuniary advantage through the continued life, health and bodily safety of another person, and, consequently, loss by reason of their death or disability; or

Bonuses — Any Simple Annual Reversionary Bonuses get accrued to your plan from the end of the first year of the policy and are eligible to be paid upon Maturity, Death or Accidental Total Permanent Disability

An agreement that guarantees the payment of a stated amount of monetary benefits upon the death of the insured, or under other circumstances specified in the contract, such as total disability.

For example, if there were two people who signed the mortgage, does the payout of the outstanding balance only occur upon the death or permanent disability of the last of the mortgagors?