Contract Owner definition

Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.
Contract Owner means the Agency administrative official who has the authority to make decisions related to the Contract on behalf of the Agency.

Examples of Contract Owner in a sentence

  • Subsequent to the submittal of Contractor’s Bid or final negotiation of the terms of the Contract, Owner may not require Contractor to retain any Subcontractor or Supplier to furnish or perform any of the Work against which Contractor has reasonable objection.

  • Alternatively, instead of terminating the Contract, Owner may cure the breach and deduct the cost thereof from amounts otherwise owed to the Contractor.

  • Should the bidder to whom the Contract is awarded refuse or neglect to execute and file the contract and bonds within ten (10) consecutive calendar days of Collin County Commissioners Court award of Contract, Owner may annul award of Contract and the Bid Security filed with the bid shall become the property of Owner, not as a penalty, but as liquidated damages.

  • On the fifth anniversary of the death of a Non-Qualified Contract Owner, (or generally the tenth anniversary of the death of a Qualified Contract Owner), any Beneficiary will be paid his/her share of the Account Value that has not been applied to an Annuity Option or other settlement option permissible under the Code, in a single lump sum payment and the Contract will terminate.

  • Contract Managers are responsible for making sure, where there is a change of Contract Owner, that the incoming Contract Owner is aware of the contracts he/she has ownership responsibility of.


More Definitions of Contract Owner

Contract Owner. The person(s) or entity(ies) entitled to the ownership rights stated in this Contract. If Joint Owners are named, all references to Contract Owner shall mean the Joint Owners.
Contract Owner means the administrator within the Agency who has overall responsibility, accountability, and authority for the direction and management of the procurement for a specific RFP and contract.
Contract Owner means an owner or holder of a Contract.
Contract Owner means the nominated contract owner for a specific contract;
Contract Owner. As the Contract Owner you have all the interest and rights under this Contract. The Contract Owner is the person designated as such on the Issue Date, unless changed. You may change Owners of the Contract at any time by Authorized Request. A change of Contract Owner will automatically revoke any prior designation of Contract Owner. The change will become effective as of the date the Authorized Request is signed. We will not be liable for any payment made or action taken before the change is recorded.
Contract Owner means the nominated contract owner or manager for a specific contract. This means the responsibility for dealing with suppler performance and contractual matters on a day to day basis;
Contract Owner means the owner named in the annuity contract or