Eligible definition: Copy, customize, and use instantly
Introduction
The term "Eligible" refers to meeting specific conditions, criteria, or qualifications required for participation in an agreement, transaction, or benefit. It is used to define the standards that must be satisfied for an entity, individual, or asset to qualify for a particular right, status, or obligation.
Below are various examples of how "Eligible" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Eligible" as meeting specified criteria
This definition ties "Eligible" to qualification based on predefined conditions.
"Eligible" means satisfying all conditions, qualifications, and requirements set forth in this agreement to participate or benefit from a particular right or obligation.
Definition of "Eligible" as satisfying regulatory standards
This definition connects "Eligible" to compliance with applicable regulations.
"Eligible" refers to any person, entity, or asset that meets the necessary regulatory, legal, or contractual standards for participation or inclusion.
Definition of "Eligible" as qualifying based on financial standing
This definition links "Eligible" to financial solvency or performance.
"Eligible" means possessing sufficient financial strength, creditworthiness, or liquidity to qualify for a specified financial arrangement or benefit.
Definition of "Eligible" as meeting age or residency requirements
This definition applies "Eligible" to demographic qualifications.
"Eligible" refers to any individual or entity that meets the required age, residency, or nationality conditions for participation in a transaction or program.
Definition of "Eligible" as satisfying contractual obligations
This definition ties "Eligible" to compliance with contractual terms.
"Eligible" means any party or entity that has fulfilled all necessary contractual obligations and prerequisites required for participation.
Definition of "Eligible" as qualifying for a financial incentive
This definition connects "Eligible" to entitlement to financial benefits.
"Eligible" refers to a person, entity, or asset that meets the predefined conditions to receive rebates, incentives, or financial assistance.
Definition of "Eligible" as meeting insurance policy requirements
This definition links "Eligible" to coverage under an insurance plan.
"Eligible" means any individual, entity, or asset that satisfies the underwriting criteria to obtain or maintain insurance coverage.
Definition of "Eligible" as passing due diligence assessments
This definition applies "Eligible" to verification and risk evaluation.
"Eligible" refers to any party or entity that has successfully passed all required due diligence, background checks, and risk assessments.
Definition of "Eligible" as qualifying for investment opportunities
This definition ties "Eligible" to investment participation rights.
"Eligible" means any person, entity, or instrument that satisfies the requirements to invest in, or be part of, a particular financial transaction or offering.
Definition of "Eligible" as authorized for government programs
This definition connects "Eligible" to public sector qualifications.
"Eligible" refers to any individual, organization, or asset that meets government-mandated conditions to receive benefits, grants, or participation rights.
Definition of "Eligible" as qualifying for tax benefits
This definition ties "Eligible" to compliance with tax-related qualifications.
"Eligible" means satisfying all legal and financial requirements to qualify for tax exemptions, deductions, or credits under applicable tax laws.
Definition of "Eligible" as meeting employment criteria
This definition connects "Eligible" to hiring and workforce participation.
"Eligible" refers to any individual who meets the qualifications, experience, and regulatory requirements for employment under this agreement.
Definition of "Eligible" as satisfying educational prerequisites
This definition links "Eligible" to academic and training qualifications.
"Eligible" means any individual or entity that has fulfilled all academic, professional, or skill-based criteria for participation in a program or certification.
Definition of "Eligible" as authorized to receive restricted data
This definition applies "Eligible" to confidentiality and security clearances.
"Eligible" refers to any individual or entity that has been granted the necessary authorization or security clearance to access restricted or confidential information.
Definition of "Eligible" as meeting health and safety requirements
This definition ties "Eligible" to compliance with workplace or public health standards.
"Eligible" means any person or entity that adheres to the applicable health, safety, and regulatory requirements necessary for participation in an activity or program.
Definition of "Eligible" as satisfying credit rating requirements
This definition connects "Eligible" to financial creditworthiness.
"Eligible" refers to any borrower, lender, or financial institution that meets the necessary credit score, rating, or financial standing for a loan or financial arrangement.
Definition of "Eligible" as qualifying for legal representation
This definition links "Eligible" to entitlement to legal counsel or services.
"Eligible" means any individual or entity that meets the conditions to receive legal representation, assistance, or advocacy under applicable rules.
Definition of "Eligible" as authorized to vote in corporate matters
This definition applies "Eligible" to corporate governance rights.
"Eligible" refers to any shareholder, partner, or stakeholder who meets the conditions to participate in corporate voting or decision-making processes.
Definition of "Eligible" as qualifying for membership in an organization
This definition ties "Eligible" to membership qualifications.
"Eligible" means any person or entity that fulfills the criteria to join, maintain, or renew membership in an organization, association, or professional body.
Definition of "Eligible" as meeting conditions for vendor contracts
This definition connects "Eligible" to supplier and contractor qualifications.
"Eligible" refers to any vendor, contractor, or service provider that satisfies the qualifications, certifications, and compliance requirements to enter into an agreement.
Definition of "Eligible" as qualifying for participation in a securities offering
This definition links "Eligible" to investor participation in securities transactions.
"Eligible" means any individual or entity that meets the financial, legal, and regulatory criteria to invest in a securities offering.
Definition of "Eligible" as satisfying environmental compliance standards
This definition applies "Eligible" to sustainability and regulatory adherence.
"Eligible" refers to any individual, entity, or project that meets the environmental and sustainability requirements for permits, grants, or certifications.
Definition of "Eligible" as meeting age requirements for senior benefits
This definition ties "Eligible" to qualifications based on age.
"Eligible" means any individual who meets the minimum age requirement for participation in senior benefits, retirement plans, or age-restricted programs.
Definition of "Eligible" as authorized for medical treatment programs
This definition connects "Eligible" to healthcare eligibility.
"Eligible" refers to any patient, participant, or beneficiary who meets the necessary health, legal, and financial criteria to receive medical treatment, coverage, or assistance.
Definition of "Eligible" as satisfying compliance for international trade
This definition links "Eligible" to global trade qualifications.
"Eligible" means any entity, product, or service that meets the regulatory and legal requirements for international trade, import, or export activities.
Definition of "Eligible" as satisfying apprenticeship program criteria
This definition applies "Eligible" to workforce training initiatives.
"Eligible" refers to any individual or organization that meets the conditions for participation in an apprenticeship or professional training program.
Definition of "Eligible" as authorized for executive benefits
This definition ties "Eligible" to corporate perks and compensation.
"Eligible" means any executive, officer, or employee who satisfies the necessary conditions to receive stock options, bonuses, or other executive benefits.
Definition of "Eligible" as meeting conditions for stock buybacks
This definition connects "Eligible" to share repurchase programs.
"Eligible" refers to any shareholder or stock class that qualifies for participation in a stock repurchase or dividend reinvestment plan.
Definition of "Eligible" as qualifying for rental housing
This definition links "Eligible" to tenant approval standards.
"Eligible" means any prospective tenant or leaseholder who meets the financial and background requirements for rental approval.
Definition of "Eligible" as authorized for classified information access
This definition applies "Eligible" to security clearances.
"Eligible" refers to any individual or entity that has met the necessary conditions to receive and handle classified or restricted information.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.