Cover Option definition

Cover Option means the cover option taken by You as is specified in the Schedule.
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Cover Option means in- built coverage options available for the Policyholder to choose either from (i) Life & CI Rebalance, or (ii) Life Protect, or (iii) Income Plus. Subject to conditions under Part C, these options can be availed along with Add-on Options if chosen by the Policyholder.
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Cover Option means one of the following death cover options chosen by You on the Date of Commencement of Risk:
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Examples of Cover Option in a sentence

  • Cover Option Two (loss of interest): Item (i) additional loan interest and/or increased cost of working and/or Item (ii) interest on tied capital and/or increased cost of working.

  • No Cardiac Cover will be payable where death occurs within 30 days of the date of diagnosis of conditions covered under Cardiac Cover Option.

  • You’ll have either Cover Option – Premier or Cover Option – Restricted.

  • However, all other terms relevant to Cover Option- Restricted will continue to apply.We will also provide continued cover while the contents are temporarily removed from the home for use anywhere in New Zealand during the period of insurance.

  • Limit of Liability The maximum benefit per claim is limited to the amount specified for the Cover Option You have selected.

  • Regardless of the number of claims made the Maximum Policy Benefit amount payable under Your Policy is limited to the Maximum Policy Benefit listed below for the Cover Option You have selected.

  • No Benefit is payable on death other than Accidental Death as specified under Personal Accident Cover Option and as opted by the Master Policyholder or the Scheme Member.

  • If:• the home is tenanted; and• it is shown on the schedule that you are insured for Cover Option – Maxi and have purchased the Optional Additional Benefit – Landlord’s Extensionthis exclusion doesn’t apply to the extent of the cover provided by the Optional Additional Benefit.

  • Our liability to pay will be limited to the Sum Insured for the Cover selected under either Cover Option 1 or Cover Option 2 of this Policy Product 3 as shown in Your Policy Schedule for any one loss or series of losses arising from the one event.

  • Special Conditions That Apply Only to Cover Option 3 – Carrier’s Cargo LiabilityStandard Trading Conditionsa.


More Definitions of Cover Option

Cover Option indicates whether the Policyholder has selected a Level Term Assurance type or a Decreasing Term Assurance type. In the instances where the Level Term Assurance is selected, the sum assured in respect of any Scheme Member will stay constant during all the years of the Scheme membership. In the instances where the Decreasing Term Assurance is selected, the sum assured reduces over the Coverage Term based on the Benefit Schedule defined at inception.
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Cover Option. Cover Option means an additional benefit available under the applicable Benefit which applies to the Insured Person. The Certificate of Insurance will specify the Cover Options which are applicable to the Insured Person under the Policy.
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Related to Cover Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Option means a stock option granted pursuant to the Plan.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Employee Option means an Option granted pursuant to Section 5.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Director Option means an Option granted pursuant to Section 6.

  • Optioned Stock means the Common Stock subject to an Option.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.