AEFA Annuities Sample Clauses

AEFA Annuities. The 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.
Sample 1
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AEFA Annuities. The 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.
Sample 1
AEFA Annuities. In 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.
Sample 1
AEFA Annuities. The 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
Sample 1

Related to AEFA Annuities

  • Annuities 1. Changing amount(s) of existing annuity(ies) requires written notice of fifteen (15) weekdays, excluding holidays. 2. Adding a new annuity not currently on the computer requires written notice of twenty (20) weekdays, excluding holidays. 3. The Board has the option to drop an annuity that has been inactive for twelve (12) months. 4. The number of annuities offered shall be limited to the capacity of the current computer program.

  • 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 If the Proceeds are less than $2,000 on the Maturity Date as shown on the first page of this Contract, we will pay you or, subject to our consent in the event the payee is not a natural person, a payee designated by you, the Proceeds in one lump sum payment as directed by you and this Contract will have no further value. If the Proceeds are equal to or greater than $2,000 on the Maturity Date as shown on the first page of this Contract and an Annuitant is living on the Maturity Date, we will begin making Annuity Payments as described below. We will make Annuity Payments beginning on the Maturity Date, on a monthly basis unless you deliver Notice to Us directing us to pay at a different frequency. However, requests for periodic payments other than monthly, quarterly, semi-annually or annually require our consent. If the day an Annuity Payment is scheduled to be paid is not a Business Day, for instance, a weekend, or does not exist in any month in which an Annuity Payment is due, for instance, a month that does not contain twenty-nine, thirty, or thirty-one days, such Annuity Payment will be paid on the next Business Day. The amount applied to an Annuity Plan will be the Proceeds, less any applicable premium tax, which will determine the Annuity Payment under the Annuity Plan you have elected. Each Annuity Payment must equal at least $20. If Annuity Payments would be less than $20, we have the right to make such Annuity Payments less frequently as necessary to make the Annuity Payment equal to at least $20. We have the right to change the $2,000 and $20 minimums stated in this provision based upon increases reflected in the Consumer Price Index for All Urban Consumers (CPI-U) since January 1, 2005. You may elect any of the Annuity Plans described below. In addition, you may elect any other Annuity Plan we may be offering on the Maturity Date. You may change the Annuity Plan you have elected at any time before the Maturity Date upon thirty days prior Notice to Us. Upon request, we will send you the proper forms to elect or change an Annuity Plan. The elected Annuity Plan shall become effective when we receive satisfactorily completed forms indicating your election. If you do not elect an Annuity Plan by the Maturity Date, payments, calculated based on the oldest Annuitant's life, will be made to you or a payee designated by you automatically each month for a minimum of 120 months and as long thereafter as the oldest Annuitant lives unless otherwise limited by applicable law. IU-IA-3089 Your election of an Annuity Plan is subject to the following additional terms and conditions: (1) If you do not direct us otherwise, Annuity Payments will be paid to you.

  • 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 paid to a resident of a Contracting State in consideration of past employment and any annuity paid to such a resident shall be taxable only in that 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.

  • 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.

  • Qualified Joint and Survivor Annuity Unless an optional form of benefit is selected pursuant to a qualified election within the 90-day period ending on the annuity starting date, a married Participant's Vested account balance will be paid in the form of a qualified joint and survivor annuity and an unmarried Participant's Vested account balance will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the earliest retirement age under the Plan.

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