Contract Continuation. Except as provided in the Termination provision, this contract does not require continuing Purchase Payments and will automatically continue as a paid-up contract during the lifetime of the Annuitant until the Maturity Date, or until it is surrendered. -------------------------------------------------------------------------------- DEATH BENEFIT PROVISIONS -------------------------------------------------------------------------------- DEATH OF ANNUITANT A death benefit is payable to the Beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent annuitant surviving. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the Beneficiary the death benefit in a single sum as described below upon receiving Due Proof of Death. A Beneficiary may request that a death benefit payable under this contract be applied to a Settlement Option subject to the provisions of this contract and the current tax laws.
Contract Continuation. If notice to negotiate has been given by either party, this Agreement shall remain in full force and effect up to the date that the Union or Employer commences a lawful strike or lock-out.
Contract Continuation. In the event a successor Agreement is not entered into prior to the expiration of this Agreement, an employee shall be compensated according to his/her current rate until a successor agreement is entered into. The remainder of this Agreement shall remain in full force and effect until a successor agreement is entered into. Any changes to rates of pay or benefits shall be retroactive as negotiated in the new agreement for all non-probationary employees who are or have worked during the contract period.
Contract Continuation. In the case of an impasse, continuation of the rights and privileges of the previous contract shall not be abridged. Continuation of School Board-Teachers' Association relationship shall be maintained.
Contract Continuation. The provisions of this Agreement shall continue during negotiations for a successor, unless either party has terminated the Agreement.
Contract Continuation. After expiration of the Contract term or the optional renewals, the Supplier shall continue to perform all appropriate functions under the Contract at the payment terms that applied in the last month of the expired initial or renewal period on a month-to-month basis up to twelve (12) months, if so requested by DHS. No later than sixty (60) Days prior to the expiration of the initial or renewal period, DHS shall notify the Supplier that it shall invoke this provision and that Supplier must continue to perform.
Contract Continuation. Automatic This Contract does not require continuing purchase payments Nonforfeiture and will continue as a paid-up Contract until the earlier Option of the Annuity Date, surrender of the Contract, your death, or death of the Annuitant as long as your Accumulated Value is sufficient to pay fees and charges. Purchase payments may be resumed at any time prior to the Annuity Date, surrender, your death, or death of the Annuitant.
Contract Continuation. Except as provided in the Termination Provision, this Contract does not require continuing Purchase Payments and will automatically continue as a paid-up Contract during the lifetime of the Annuitant, until the Maturity Date, until it is surrendered or when a death benefit becomes due. -------------------------------------------------------------------------------- DEATH BENEFIT PROVISION -------------------------------------------------------------------------------- DEATH OF ANNUITANT A death benefit is payable to the beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent Annuitant. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the beneficiary the death benefit, determined as of the Death Report Date, in a single sum or apply it to a Settlement Option. A beneficiary may request that a death benefit payable under this Contract be applied to a Settlement Option subject to the provisions of this Contract and the current tax laws. DEATH OF OWNER WITH ANNUITANT SURVIVING If the owner is not the Annuitant, and the owner dies (including the first of joint owners) before the Maturity Date, We will recalculate the value of the death benefit proceeds under the provisions of Death Benefit Proceeds Prior To The Maturity Date below, by replacing all references to "Annuitant" with "owner." The value of the death benefit, as recalculated, will be paid in a single lump sum or by other election to the party taking proceeds under the current tax laws. DEATH BENEFIT PROCEEDS PRIOR TO THE MATURITY DATE If the Annuitant dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax or outstanding loan balance:
Contract Continuation. Except as provided in the Termination provision, this Contract does not require continuing Purchase Payments and will automatically continue as a paid-up Contract during the lifetime of the Annuitant until the Maturity Date, or until it is surrendered. ================================================================================ DEATH BENEFIT PROVISIONS ================================================================================ DEATH OF ANNUITANT A death benefit is payable to the beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent Annuitant. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the beneficiary the death benefit, determined as of the Death Report Date, in a single sum or apply it to a Settlement Option. A beneficiary may request that a death benefit payable under this Contract be applied to a Settlement Option subject to the provisions of this Contract and the current tax laws.
Contract Continuation. In the event that any other unit of the Company takes over any part of the business, as defined in Article 1 (Recognition) of the Agreement that this Agreement will remain in full force, effect, and honored by all parties.
