Initial Disposition definition

Initial Disposition means the first action taken by the claim administrator following its knowledge of an injury to accept or deny compensability of the claim and pay or deny benefits, including payment or denial of both indemnity and medical benefits, or denial of indemnity benefits only.
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Examples of Initial Disposition in a sentence

  • The number of Initial Disposition Shares to be sold by each of the Securityholders on the date hereof is set forth opposite such Securityholder's name in Schedule A to this Agreement under the column "Number of Initial Disposition Shares".

  • Upon the terms and subject to the conditions of this Agreement, on the date hereof the Securityholders will sell, assign, transfer and deliver to Acquiror, and Acquiror will accept and purchase from Securityholders (the "Initial Disposition"), 1,048,214 aggregate shares of Company Common Stock (the "Initial Disposition Shares").

  • Upon the terms and subject -------- ------------------- to the conditions of this Agreement, on the date hereof the Securityholders will sell, assign, transfer and deliver to Acquiror, and Acquiror will accept and purchase from Securityholders (the "Initial Disposition"), 1,048,214 aggregate shares of Company Common Stock (the "Initial Disposition Shares").