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AEFA Annuities Sample Clauses

AEFA AnnuitiesThe Company shall be responsible for the issuance, service, and administration of the AEFA Annuities and for the administration of the Separate Accounts supporting such AEFA Annuities, such functions to be performed in all respects commensurate with those standards prevailing in the variable insurance industry. This administration will include: (1) preparing, typesetting, printing and distributing current AEFA Annuities prospectuses to be used in the solicitation of new sales; (2) printing and distributing current Fund prospectuses to be used in the solicitation of new sales; (3) preparing, typesetting, printing, and mailing annual AEFA Annuities prospectuses to existing AEFA Annuities owners; (4) printing and mailing annual Fund prospectuses to existing AEFA Annuities owners; (5) preparing, typesetting, printing, and mailing (where required) supplements to existing AEFA Annuities prospectuses; (6) printing and mailing (where required) supplements to existing Fund prospectuses; (7) printing and mailing periodic reports for the Fund prospectuses; and (8) timely payment of Contract Owner redemption requests and processing of AEFA Annuities transactions. The Distributor shall prepare and typeset current Fund prospectuses to be used in solicitation of new AEFA Annuities sales. The Trust shall perform the following services: (1) preparing and typesetting annual Fund prospectuses to be sent to existing AEFA Annuities Owners; (2) preparing and typesetting supplements to existing Fund prospectuses; (3) preparing, typesetting, printing and mailing proxy materials for the Funds; and (4) preparing and typesetting periodic reports for the Funds.
AEFA AnnuitiesThe Company shall be responsible for designing and paying for all marketing materials that relate to the AEFA Annuities; provided, however, that the Company shall send copies of all marketing materials created for the AEFA Annuities to the Distributor for approval prior to use. The Distributor shall provide a written approval of such marketing material within 10 calendar days or a reasonable period of time after receiving such marketing material; provided, however, that the Company shall not interpret a lack of response by the Distributor within such time period as approval to use such proposed, but unapproved, marketing material to solicit sales of the AEFA Annuities. The Company shall be responsible for making any required filings of such marketing material with the NASD and with State Insurance Departments
AEFA AnnuitiesThe Company shall be responsible for the sale and marketing of the AEFA Annuities through selling broker-dealers and their affiliated insurance agencies which have entered into a selling agreement for the AEFA Annuities with Company and American Express Service Corporation in accordance with the terms of the Master Agreement. The parties will administer and service the AEFA Annuities as set forth in Section 5.2 (b) in accordance with federal and state law and will allocate expenses as between the Company and the Trust as set forth in Sections 7.3 and 7.
AEFA AnnuitiesIn order to enable the Company to fulfill its obligations under this Agreement and the federal securities laws, the Trust shall provide the Company with (a) a copy, in camera-ready form, computer disk or form otherwise suitable for printing or duplication of (i) the Trust's Prospectus for the Series and Classes listed on Schedule 3 and any supplement thereto; (ii) any Trust periodic shareholder reports; and (iii) each Statement of Additional Information and any supplement thereto. The Trust shall provide the Company with advance written notice, within reasonable time limits set by the Company, when any such material (including supplements) shall become available; it being understood, however, that circumstances surrounding certain supplements may not allow for advance notice. The Company may not alter any material so provided by the Trust or the Distributor (including without limitation presenting or delivering such material in a different medium, e.g., electronic or Internet) without the prior written consent of the Distributor which consent shall not be unreasonably withheld.

Related to AEFA Annuities

  • Annuities Tax-sheltered annuities with companies approved by the board. Annuity enrollments may occur at any time during the calendar year.

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply. a. The entitlement to an annuity payment cannot be surrendered, disposed of, divulged or used as security and, in general, no legal action can be taken with regard to this insurance that may lead the tax authorities to take back the premium deduction they received for this insurance in the past. b. The insurer shall be held liable by law for the payment of the wage and income tax and revision interest owed by the policyholder or the person entitled to an annuity as soon as a circumstance referred to under point a arises. c. The insurer will then be entitled to set off the amount of the maximum wage and income tax and revision interest due against the value of the insured annuity(s), irrespective of whether these are paid out or not.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Tax Sheltered Annuities The SPS shall continue to comply with the law(s) regarding Tax Sheltered Annuities.

  • ANNUITY PAYMENTS Annuity Payments will commence on the Annuity Payment Date. Payments are made under the Annuity Payment Option selected (see Section 8.02).

  • Life Annuity In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life. However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Spouse has provided a waiver in the form and manner required by Pension Legislation. Where the surviving Spouse is entitled to payments under the life annuity after the Annuitant’s death, those payments must be at least 60 percent of the amount to which the Annuitant was entitled prior to the Annuitant’s death. The life annuity may not differentiate based on gender except to the extent permitted by Pension Legislation.

  • PENSIONS AND ANNUITIES 1. Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration and annuities arising in a Contracting State and paid to a resident of the other Contracting State, may be taxed in the first-mentioned State. 2. The term "annuity" means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Tax Sheltered Annuity Voluntary adjunct employee salary reductions for Internal Revenue Code Section 403(b) tax-sheltered annuities and 457(b) deferred compensation shall be available to adjunct employees covered by this Agreement. Contracts shall be arranged individually through the Office of the Executive Vice President for Finance and Administrative Services or designee subject to regulation by the College.