Terminal Date definition

Terminal Date means in respect of each Member the Annual Renewal Date following the date on which completes the age of 55 or the member closes his account with the Bank or discontinuance of premium payment whichever is earlier.

Terminal Date means the date on which the insurance cover under the Policy ceases in respect of each Scheme Member when the Master Policyholder fails to renew the Policy or pay the premiums due.

Terminal Date means in respect of each Scheme Member, the date on which the Coverage Term expires.

Examples of Terminal Date in a sentence

• A Member shall be entitled to the Benefits of the Master Policy from the Date of Commencement of Cover up to his Terminal Date or Terminal Age whichever is earlier, subject to him/her being a Member.

• Every Eligible Person desiring to become a Scheme Member may do so at any well defined date during the currency of the Policy and, provided the application is accepted by the Insurer, the insurance cover for such a Scheme Member shall be in force from the Entry Date till the Terminal Date.

• Any portion of the Option not exercised when vested shall accumulate and be exercisable at any time during the Option Period (subject to early termination pursuant to paragraph 3) prior to the Terminal Date.

• The Option Period shall commence on the Grant Date and except as provided in paragraph 3, shall end on the Terminal Date which shall be one hundred twenty (120) months from the Grant Date.

• Within five (5) Business Days from the Effective Date, the Registrar shall credit the CSCS accounts of the Shareholders as at the Terminal Date, with the Holdco Shares.

More Definitions of Terminal Date

Terminal Date means in respect of each Scheme Member, the date on which the period of insurance ends.

Terminal Date means the date when a Member attains the maximum risk cover ceasing age or the date on which he ceases to be a Member of the Scheme whichever is earlier.

Terminal Date means the last day of the Operation Period or the date on which this Agreement expires by efflux of time;

Terminal Date in respect of a claimant means the terminal date in his case for the purposes of regulation 7 of the Child Benefit (General) Regulations 1976;

Terminal Date means the date on which the insurance cover under the Policy ceases in respect of each Scheme Member.

Terminal Date means in respect of each Scheme Member the date on which the period of insurance ends.

Terminal Date means in respect of each Scheme Member the Annual Renewal Date which is coincident with or next following the date on which the Scheme Member completes the age of 50 years.