Sponsoring organization means any organization that establishes,
Participating Organization means an organization which elects to offer coverage under a Policy by completing a participation agreement that has been accepted by the Company.
Competing Organization means any person or organization engaged in, or with definitive plans to become engaged in, research or development, production, distribution, marketing or selling of a Competing Product.
Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.
Fraternal organization means an organization in this state, other than a college fraternity or sorority, that meets all of the following criteria: