Contract Holder definition

Contract Holder means the person to whom the Benefit Plan is issued. Any other person approved for coverage with the Contract Holder under this plan is a dependent. Under Group coverage, the Contract Holder is the Member who is eligible for coverage because of his or her affiliation with a Group.
Contract Holder. The entity to which the Contract is issued.
Contract Holder means any non-governmental party to a sole source government contract, including persons that control ten percent or more shares or interest in that party; or that party's officers, directors or trustees; or, in the case of collective bargaining agreements, the labor organization and any political committees created or controlled by the labor organization;

Examples of Contract Holder in a sentence

  • The Contract holder must request in writing a price increase at least thirty (30) days prior to the effective date, and shall provide firm proof that the price increase(s) is justified.

  • The Contract holder is required to furnish the Office of Procurement Services with notice of any price decreases as soon as such decreases are available.

  • If the price increase is denied, the Contract holder may withdraw from the Contract without prejudice upon written notice and approval by the Office of Procurement Services.

  • It would be responsibility of the Rate Contract holder to submit the undertaking during currency of contract by 1st week of every month to the effect that their prices have not come down during the preceding / prevailing month.

  • Coverage that is obtained by virtue of membership in a group that is designed to supplement a part of a basic package of benefits and provides that this supplementary coverage shall be excess to any other parts of the Contract provided by the Contract holder.


More Definitions of Contract Holder

Contract Holder means an employer or organization that purchases a health benefit
Contract Holder means the person(s) so described in the Contract Certificate and shall include the Contract Holder’s successors, assignees or personal representatives.
Contract Holder means the consumer who purchased goods covered by a consumer goods service contract, any authorized transferee or assignee of the consumer, or any other person assuming the consumer's rights under the consumer goods service contract.
Contract Holder means a person who is the purchaser
Contract Holder means a person who is the purchaser or holder of a vehicle value protection agreement.
Contract Holder means the employer, labor union, association, trustee, creditor or other entity to which a group contract evidencing coverage is issued.[PL 1997, c. 344, §1 (NEW).]
Contract Holder. The person to whom we issue the Contract. Generally, the Plan Sponsor or a trust.