Definition of Portfolio Transfer

  1. Portfolio Transfer means the transfer of the Policies by COLISEE to PREEL proposed to be effected between the Parties.

Examples of Portfolio Transfer in a sentence

  1. Either the Reinsurer or the Company may terminate this Agreement and the reinsurance hereunder upon at least 3 business days prior written notice of its intent to terminate this Agreement upon the execution of the Portfolio Transfer by the Company of the Reinsured Risks.
  2. Signed:"/s/Phillip H. Cook" Name: Phillip Cook Title: Chief Executive Officer Till Capital Ltd. (solely with respect to Section 6.3) Signed: "/s/Timothy P. Leybold" Name: Timothy P. Leybold Title: Chief Financial Officer EXHIBIT A - Incentive Pay The purpose of the Incentive Pay is to provide incentive based compensation targeted to equal 75% of annual Base Salary, based on one new Loss Portfolio Transfer (LPT) signed by the Executive per year, and historical LPT profitability to the Company.

Definition of Portfolio Transfer in Quota Share Retrocession Agreement

Portfolio Transfer means the transfer of the Policies by COLISEE to PREEL proposed to be effected between the Parties.