Elected By Owner Sample Clauses
Elected By Owner. The Owner may elect an income plan for each Beneficiary’s share of the Life Insurance Benefit while the Insured is living. When electing the income plan, the Owner may name the beneficiaries of that income plan, if applicable. The Beneficiary may name and change beneficiaries of the income plan only if: • the Beneficiary was the Owner of this Policy; or • the Owner does not name any beneficiaries for the income plan or those named are not alive.
Elected By Owner. Each of Professional’s agreements with Professional’s consultants shall specifically provide that Owner shall only be responsible to the consultant for those obligations of Professional that accrue subsequent to Owner’s exercise of its right to take an assignment of such agreement. As a condition precedent to Owner’s obligation to pay Professional’s invoices, Professional shall provide to Owner copies of all of Professional’s agreements with Professional’s consultants.
Elected By Owner. The Owner may elect an income plan for each Beneficiary’s share of the Life Insurance Benefit while the Insured is living. When electing the income plan, the Owner may name the beneficiaries of that income plan, if applicable. The Beneficiary may name and change beneficiaries of the income plan only if: • the Beneficiary was the Owner of this Policy; or • the Owner does not name any beneficiaries for the income plan or those named are not alive. Elected By Direct or Contingent Beneficiary. If no income plan has been elected by the Owner upon the death of the Insured, the direct or contingent beneficiary may elect an income plan for his or her share of the Life Insurance Benefit. When electing the income plan, the direct or contingent beneficiary may name and change income plan beneficiaries.
Elected By Owner. Each of Professional’s agreements with Professional’s consultants shall specifically provide that Owner shall only be responsible to the consultant for those obligations of Professional that accrue subsequent to Owner’s exercise of its right to take an assignment of such agreement. As a condition precedent to Owner’s obligation to pay Professional’s invoices, Professional shall provide to Owner copies of all of Professional’s agreements with Professional’s consultants. Professional certifies that no employee or consultant will be assigned to perform any Services that poses any threat or risk of harm to the health, safety or welfare of any student, employee, guest, vendor or property of Owner. Further, Professional shall indemnify and hold harmless Indemnitees (hereinafter defined) from and against any and all Adverse Consequences (hereinafter defined) incurred as a result of any harm done to any student, employee, guest, vendor or property of Owner by any of Professional’s employees or consultants assigned to perform Services.