Change of Contract. 11.1. The present contract comes into force from the moment of payment of the registration fee by the Swim Participant.
Change of Contract. No change in this contract is valid unless it is made in writing and signed by our President and Secretary.
Change of Contract. Only our authorized officers may change the terms of this Contract. We will notify the Group Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity which begins before the change. We may make any change that affects the AG Account Market Value Adjustment with at least thirty (30) days' advance written notice to the Group Contract Holder and the Certificate Holder. Any such change shall become effective for any new guaranteed term and will apply to all present and future Certificate Holders' Accounts. We reserve the right to change the terms of the Systematic Withdrawal Option for future elections and discontinue the availability of this option. Any change to any of the following provisions under this Contract will not apply to Certificate Holder's Accounts in existence before the effective date of the change:
(a) Net Purchase Payment (1.23) (b) AG Account Guaranteed Interest Rate (7.01)
Change of Contract. Only a Company officer at the level of Vice President or higher, or an officer with written delegation of authority from a Vice President or higher officer, may change the terms of this Contract. No other Company officer, employee, agent or representative can change this Contract. Except as noted below, this Contract may be changed at any time by written mutual agreement between the Contract Holder and the Company. For changes we initiate requiring Contract Holder consent, we notify the Contract Holder 60 calendar days in advance of the change and consider that the Contract Holder has agreed to the chanxx xxxess we receive written notice that the Contract Holder does not agree to the change at least 30 calendar days before the date the change becomes effective. If we propose a change requiring Contract Holder consent and the Contract Holder does not agree to the change, we have the right to not establish new Individual Accounts and to stop accepting Contributions to existing Individual Accounts. We will not change, unilaterally or pursuant to mutual agreement, the provisions of Section 4.01 (Fixed Plus Account II Minimum Guaranteed Interest Rate) or the Fixed Plus Account II Minimum Guaranteed Interest Rate provisions in Contract Schedule I. We have the right to change the following without Contract Holder consent:
(a) Net Investment Factor (see 3.06) We may change the net investment factor by notifying the Contract Holder in writing at least 30 calendar days before the change becomes effective. If we do this, (other than a change to the net investment factor in accordance with Section 1.18), the change will apply only to Individual Accounts established, and Contributions received, after the date the change becomes effective.
(b) Guaranteed Accumulation Account (GAA) market value adjustment (see 5.09) We may change the GAA market value adjustment by notifying the Contract Holder in writing at least 90 calendar days before the change becomes effective. If we do this, the change will apply only to guaranteed terms offered in deposit periods after the date the change becomes effective. G-CDA-10 3
(c) Systematic Distribution Options (see 6.
Change of Contract. The Company keeps the right to change this Contract to meet the requirements of the Investment Company Act of 1940 or other applicable federal or state laws or regulations.
Change of Contract. Only an authorized officer of GALIC may change the terms of this Contract. GALIC will notify the Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity Payout Option which begins before the change. GALIC may make any change that affects the Market Value Adjustment (SEE SECTION III- MARKET VALUE ADJUSTMENT) with at least 30 days advance written notice to the Contract Holder and the Certificate Holder. Any such change shall become effective for any new Guaranteed Term and will apply to all present and future Accounts. Any change that affects any of the following under this Contract will not apply to Accounts in existence before the effective date of the change: The following will not be changed:
(a) Account Value (b) Guaranteed Rates - Fixed Account (c) Purchase Payment (d) Withdrawal Value (e) Transfers (f) Net Investment Factor(s) - Separate Account (SEE SECTION III) (g) Minimum Guaranteed Interest Rates (SEE SECTION V) (h) Annuity Unit Value - Separate Account (SEE SECTION V) (i) Annuity Payout Options (SEE SECTION V). Any change that affects the Annuity Payout Options and the tables for the Annuity Payout Options may be made:
(a) No earlier than 12 months after the Account Effective Date; and (b) No earlier than 12 months after the effective date of any prior change.
2.01 CHANGE OF CONTRACT (CONT'D): Any Account established on or after the effective date of any change will be subject to the change. If the Contract Holder does not agree to any change under this provision, no new Accounts may be established under the Contract. The Contract may also be changed as deemed necessary by GALIC to comply with federal or state law.
Change of Contract. 11 Section 3. Ownership.......................................................12
Change of Contract. 14.1 In addition to Clause 10, where a decision is made by Trident to relinquish a security contract, or a decision is made by a principal that is likely to bring about a change of contract, where Trident is the outgoing contractor, the following will apply:
(a) Trident must notify the relevant Employees in writing of any such decision 28 days, or as soon as practicable, before an existing contract is due to expire, or when Trident has been notified that the contract has been terminated;
(b) The notification to relevant Employees must be in writing, containing options (if any) for suitable alternative employment for Employees with Trident in the event that the contract is terminated;
(c) Trident must provide to the successful tenderer a list of Employees who have given permission for their details to be so provided and who wish to be considered for employment by the incoming contractor;
(d) Trident will facilitate a meeting between the incoming contractor and the relevant Employees. The time and length of the meeting will depend on operational requirements. Where practicable, the meeting will occur in an Employee's ordinary time without loss of pay;
(e) Trident will endeavour to ensure that no Employee involuntarily loses their job as a result of a change of contract;
(f) Trident will consider, discuss and specify any suitable alternative employment for Employees who do not receive an offer of employment from the incoming contractor. Trident must notify those Employees who are to be offered suitable alternative employment, identify the site, the hours of work and the rates of pay proposed. Employees who are not offered suitable alternative employment with Trident must be notified in writing by Trident, and the notice must contain details of the Employee's entitlements (including accrued annual leave) and a statement of service (including length of service, hours of work, classification and shift configuration);
(g) Trident will endeavour to enter into arrangements with the incoming contractor, for the incoming contractor to accept the transfer of the relevant Employees' accrued leave entitlements.
14.2 Where Trident is the incoming contractor, the following will apply:
(a) Trident will, subject to the approval of the outgoing contractor and their employees, meet with existing employees of the outgoing contractor;
(b) Trident will endeavour to ensure that no employee of the outgoing contractor involuntarily loses their job as a result of a change of contrac...
Change of Contract. 1.08 Payments ........................................................ 1.09
Change of Contract. The Company reserves the right to make any change to the provisions of the Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change and will also file such a change with the insurance regulatory officials of the state in which the Contract is delivered. In addition, upon at least 30 days written notice to the Owner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE If the age of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age. Proof of the age of Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under the Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company. The Company will have the right to make reduced payments or withhold payments entirely until such proof is received. INCONTESTABILITY The Contract will not be contested after it has been in force for two years from the Contract Date during the life of the Participant. -7- BP 630BB1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- ASSIGNMENT The Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights ca...
