Non-Qualified Sample Clauses
The 'Non-Qualified' clause defines a status or condition where a party, product, or service does not meet certain specified standards, requirements, or qualifications outlined in the agreement. In practice, this clause may apply to individuals who lack necessary certifications, products that do not comply with regulatory standards, or services that fail to achieve required benchmarks. Its core function is to clearly distinguish between qualified and non-qualified entities, thereby allocating risk and responsibility, and ensuring that only those meeting the agreed-upon criteria are eligible for certain rights, benefits, or obligations under the contract.
Non-Qualified. Withdrawal Any withdrawal from an Account that is not a Qualified Withdrawal or an Outgoing Rollover. Outgoing Rollover Withdrawals from an Account contributed to another ABLE account, provided that certain conditions are satisfied. Program Manager TIAA-CREF Tuition Financing, Inc. or TFI. Proposed Tax Regulations Proposed regulations issued by the U.S. Department of the Treasury under Section 529A included in the Federal Register dated June 22, 2015. Qualified Disability Expenses Any expenses incurred at a time when the Beneficiary is an Eligible Individual that relate to the blindness or disability of the Beneficiary, and are for the benefit of the Beneficiary in maintaining or improving his or her health, independence, or quality of life. Such expenses include, but are not limited to, expenses for education, housing, transportation, employment training and support, assistive technology and personal support services, health, prevention and wellness, financial management and administrative services, legal fees, expenses for oversight and monitoring, funeral and burial expenses, and other expenses that may be identified from time to time in future guidance published by the IRS. Qualified Withdrawal Any withdrawal from an Account used to pay for the Qualified Disability Expenses of the Beneficiary. Target Risk Investment Options Investment options with investment objectives and strategies based on a targeted risk level. Each Target Risk Investment Option invests in underlying mutual funds. Sibling A brother, sister, stepbrother, stepsister, half-brother, or half-sister of the Beneficiary, whether by blood or adoption. Section 529A Section 529A of the Internal Revenue Code. SSI Supplemental Security Income. Unit An interest in an Investment Option. Unit Value The value of a Unit in an Investment Option. You Except when referring to an Authorized Legal Representative as the context requires, “you” refers to a Beneficiary/Account Owner. INTRODUCTION TO CalABLE Rehabilitation, and Chairperson of the State Independent Living Council, or their designees. The California State Treasurer serves as Chair of the Board. Assets in CalABLE are held in the CalABLE ABLE Program Trust (the “Trust”), for which the Board serves as the trustee. To contact the Board: Visit: ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇ Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇ Call: ▇▇▇-▇▇▇-▇▇▇▇ CalABLE is offered on a national basis. Each Account is governed by the terms of this Program Disclosure Statement, the Participation A...
Non-Qualified. Owner means any person who does not meet the definition of Qualified Owner including persons who originally qualified as a Qualified Owner but whose circumstances change and who no longer meet the definition of Qualified Owner.
Non-Qualified. Annuity Contract - An annuity Contract which is not intended to satisfy the requirements of Section 408(b) (IRAs) or Section 408A (Roth IR▇▇) of the Code. This Contract may be issued as a Non- Qualified Annuity Contract. Owner - The person or persons named on the Contract Data Page and Rider Data Page, if applicable. The Owner must be age 85 or younger at the time the contract is issued. The Owner is entitled to exercise all rights and privileges under the Contract while the Annuitant is living. Joint Owners must be one another’s Spouse as of the Effective Date and must both be natural persons. The Annuitant will be the Owner unless otherwise indicated in the application. The Owner must be either a natural person, an IRA custodian or trustee, or a Grantor Trust. If the Owner is a Grantor Trust, all references in the Contract and Rider to the life, age or death of the Owner shall pertain to the life, age or death of the Grantor(s). If the Owner is an IRA custodian or trustee, all references to the life, age, or death of the Owner pertain to the life, age, or death of the Underlying IRA Hol▇▇▇. ▇▇▇▇ut Election Date - The date on which Investment Strategy annuity payouts or periodic withdrawals begin. Payout Election Date must occur before the Annuitant’s 99th birthday. Portfolio - A registered management investment company, or portfolio or series thereof, in which the assets of the Series Account may be invested. Premium Tax - The amount of tax, if any, charged by a state or other governmental authority. Qualified Annuity Contract - An annuity contract that is intended to qualify under Section 408(b) (IRAs) or Section 408A (Roth IR▇▇) of the Code. This Contract may be issued as a Qualified Annuity Contract. Request - Any written, telephoned, electronic or computerized instruction in a form satisfactory to the Company and received at the Retirement Resource Operations Center from the Owner or the Owner’s designee (as specified in a form acceptable to the Company), or the Beneficiary (as applicable), as required by any provision of this Contract. The Request is subject to any action taken or payout made by the Company before it is processed. A written Request will be deemed to include electronic mail transmissions only if such transmissions include PDF or other facsimile transmissions clearly reproducing the manual signature.
Non-Qualified. Stock Option means a stock option which is not an Incentive Stock Option.
Non-Qualified. Contract A contract other than a Qualified Contract. The person(s) who has (have) all rights under this contract. The contract may be owned by natural persons, or by a corporation, trust, or custodial account that holds the contract as agent for the sole benefit of a natural person(s). ICC20-70632 [A123456] Minnesota Life 3 Amounts paid to us as consideration for the benefits provided by this contract. A contract issued to a retirement plan or arrangement that receives favorable tax treatment under Section 401, 404, 408, 408A and 457 of the Internal Revenue Code, as amended. The subdivisions of the Variable Account to which you may allocate your Purchase Payments or transfers. The assets of the Sub-Accounts are invested in the corresponding Funds. The amount payable to you on surrender of this contract. The Surrender Value is equal to the Contract Value less the annual maintenance fee, deferred sales charge, and optional rider charges, if any. Any date on which a Fund is valued. The period between successive Valuation Dates. The separate investment account(s) named on page one and used for this class of contracts under Minnesota law. The Variable Account is comprised of several Sub-Accounts. The assets of the Variable Account are ours and are not subject to claims arising out of any other business of ours. The incomes, gains and losses, whether or not realized from assets allocated to the Variable Account shall be credited to or charged against such account without regard to other income, gains, or losses of ours. A written notice, signed by you, in a form approved by or acceptable to us. In some cases, we may require that this contract be sent in with your Written Request. General Provisions {XE “General Provisions”} This contract and any amendments, endorsements, riders or application attached thereto, contain the entire contract between you and us. Any statements made in the application either by you or the Annuitant will, in the absence of fraud, be considered representations and not warranties. Any additional rider or agreement attached to this contract will become part of this contract. It will be subject to the terms and conditions of this contract unless we state otherwise in the rider or agreement.
Non-Qualified. Stock Option Agreement between Executive and Holdings executed in connection with an option grant made on March 30, 1999.
Non-Qualified. Stock Options (“NSOs”). Subject to the approval of the Board, Executive shall receive an option grant of Four Hundred Thousand (400,000) Non-Qualified Stock Options (“NSOs”), which shall vest over four (4) years, with one fourth of the NSOs vesting on the one-year anniversary of the date of grant, and the remaining NSOs vesting in six (6) equal installments, commencing six (6) months after the one-year anniversary of the date of grant and every six (6) months thereafter until fully vested, provided that Executive is still employed by the Company on each vesting date. For purposes of this Agreement, the following terms shall have the meanings given:
Non-Qualified. Stock Option Agreement shall have the meaning ascribed to it in Section 1.16.
Non-Qualified. STOCK OPTION #2: As further consideration for this agreement, Flotek wishes to grant Bill ▇▇▇▇▇▇ ▇▇ additional non-qualified stock option to purchase Three Hundred Thousand (300,000) shares of Flotek's common stock at a purchase price equal to the market price per share (in Canadian dollars) on the close of business as of the date of this agreement.
Non-Qualified. Stock Option Agreement Page 4