GUARANTEED MINIMUM DEATH BENEFITS COVERED UNDER THIS AGREEMENT Sample Clauses

GUARANTEED MINIMUM DEATH BENEFITS COVERED UNDER THIS AGREEMENT. THERE IS ONE DISTINET GMDB TYPE COVERED UNDER THIS AGREEMENT. THE GMDB TYPE, WHICH SHALL BE REFERRED TO THROUGHOUT THIS AGREEMENT AS GMDB TYPE 1 IS DESCRIBED IN SCHEDULE B. TO THE EXTENT THAT, DUE TO THE ISSUANCE OF ADDITIONAL DEATH BENEFIT RIDER FORMS NOT LISTED IN SCHEDULE A ON A COVERED CONTRACT, THE ACTUAL GMDB LIABILITY EXCEEDS THE LIABILITY FOR GMDB TYPE 1, SUCH EXCESS SHALL NOT BE COVERED UNDER THIS AGREEMENT. This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. HARTFORD LIFE INSURANCE COMPANY & HARTFORD LIFE AND ANNUITY INSURANCE COMPANY By: /s/ Xxxxxxx X. Xxxx Date: June 7, 2005 ------------------------------------------- Name/Title Xxxxxxx X. Xxxx, Vice President Attest: /s/ [ILLEGIBLE] ------------------------------------------- Name/Title [ILLEGIBLE] Assistant Vice President ACE TEMPEST LIFE REINSURANCE LTD. By: /s/ Xxx Xxxxxx Date: June 3, 2005 ------------------------------------------- Name/Title Xxx Xxxxxx/President Attest: /s/ Xxxx Xxxxx ------------------------------------------- Name/Title Xxxx Xxxxx, Vice President & Life Actuary XXX000000, Effective April 1, 2004 Amendment No. 3 SCHEDULE C INVESTMENT FUND OPTIONS Investment Fund Options under contract types reinsured under this agreement are as follows:
Sample 1
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GUARANTEED MINIMUM DEATH BENEFITS COVERED UNDER THIS AGREEMENT. There are six distinct GMDB Types covered under this Agreement. The six GMDB Types, which shall be referred to throughout this agreement as GMDB Type 1, GMDB Type 2, GMDB Type 3, GMDB Type 4, GMDB Type 5 and GMDB Type 6 are described in Schedule B.
Sample 1

Related to GUARANTEED MINIMUM DEATH BENEFITS COVERED UNDER THIS AGREEMENT

  • Termination Because of Death or Total Disability If the Executive’s employment is terminated by reason of the Executive’s death or Total Disability during the Post-Change in Control Period, this Agreement shall terminate automatically without further obligations to the Executive or his or her legal representatives under this Agreement, other than for payment of Accrued Obligations (which shall be paid to the Executive’s estate or beneficiary, as applicable in the case of the Executive’s death).

  • Death Subsequent to Commencement of Benefit Payments In the event the Executive dies while receiving payments, but prior to receiving all payments due and owing hereunder, the Employer shall pay the Beneficiary the same amounts at the same times as the Employer would have paid the Executive, had the Executive survived.

  • Termination Because of Death or Disability If Participant is Terminated because of death or Disability of Participant, the Option, to the extent that it is exercisable by Participant on the date of Termination, may be exercised by Participant (or Participant's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Termination Because of Death If the Optionee dies while employed by or in the service of the Company, the Option may be exercised at any time before the Expiration Date or before the date 12 months after the date of death, whichever is the shorter period, but only if and to the extent the Optionee was entitled to exercise the Option at the date of death and only by the person or persons to whom the Optionee’s rights under the Option shall pass by the Optionee’s will or by the laws of descent and distribution of the state or country of domicile at the time of death.

  • Pre-Retirement Death Benefits Should the Director die while --------- ----------------------------- serving as a director of the Bank and prior to the Qualifying Date, the Bank will pay $671 per month for a continuous period of 120 months to the Beneficiary or Beneficiaries of the Director. The first such monthly installment payment shall be made on a date to be determined by the Bank, but in no event later than the first day of the sixth calendar month following the calendar month in which the Director died. In the event of the death of the last living Beneficiary before all installment payments shall have been made, the balance of any payments which remain unpaid at the time of such Beneficiary's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Director, any payments remaining unpaid at the Director's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the Director's estate.

  • PAYMENT OF DEATH BENEFIT The Company will require due proof of death before any death benefit is paid. Due proof of death will be:

  • Termination Because of Disability If the Executive becomes incapable by reason of physical injury, disease, or mental illness of substantially performing his duties and responsibilities under this agreement for a continuous period of six (6) months or more or for more than one hundred eighty (180) days in the aggregate (whether or not consecutive) during any 12-month period, then at any time after the elapse of such six-month period or such 180 days, as the case may be, the Board may terminate the Executive’s employment by the Companies under this agreement. If the Executive’s employment under this agreement is terminated by the Board because of such disability on the part of the Executive, then the Executive shall be entitled to receive the following compensation and benefits from the Companies:

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