Personal Representative definition

Personal Representative means the person or persons who, upon the disability or incompetence of a Participant, shall have acquired on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan and who shall have become the legal representative of the Participant.

Personal Representative means the legal personal representative, executor or administrator of the estate of a deceased person;

Personal Representative means the person or persons who, upon the disability or incompetence of an Employee, shall have acquired on behalf of the Employee by legal proceeding or otherwise the right to receive the benefits specified in this Plan.

Examples of Personal Representative in a sentence

• Upon the death of an Owner, his or her Personal Representative (see paragraph 4.a below) will immediately be deemed to have offered to sell to the other Owners all of the deceased Owner's Units (the "Offered Units") at the Purchase Price and on the Payment Terms described in Articles II and III below.

• A Seller's "Personal Representative" includes any administrator, personal representative, executor or trustee who has legal responsibility for managing and disposing of the Seller's Units.

• The other Owners shall execute a stock pledge agreement which is reasonably acceptable to the Seller (or Personal Representative) and the other Owners that grants the Seller (or Personal Representative) a security interest in such Units.

• The other Owners and the Personal Representative shall promptly do all things necessary to cause such transfer in accordance with this Agreement.

• In the case of a sale because of the Seller's death, then notwithstanding any other provision of this Agreement to the contrary, payment for the Offered Units shall not be required until the Personal Representative of the Seller provides a release or other assurances to the reasonable satisfaction of the other Owners that the other Owners are protected from any liability for death taxes related to the Offered Units.

More Definitions of Personal Representative

Personal Representative means the personal representative of a

Personal Representative means the executor, original or by representation, or administrator for the time being of a deceased person;

Personal Representative means the executor, administrator or other person appointed

Personal Representative means (i) in the case of a deceased Option Holder, the executor or administrator of the deceased duly appointed by a court or public authority having jurisdiction to do so; and (ii) in the case of an Option Holder who for any reason is unable to manage his or her affairs, the person entitled by law to act on behalf of such Option Holder;

Personal Representative means an executor, administrator, successor personal representative, or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions.

Personal Representative means the executor or administrator for the time being of a deceased person;

Personal Representative means, as to a natural person, the succession representative, executor, administrator, guardian, conservator, or other legal representative thereof and, as to a person other than a natural person, the legal representative or successor thereof.