OWNERSHIP PROVISIONS. OWNER - The Owner and any applicable Joint Owner are named on the Contract Schedule. If there is an Owner and Joint Owner for this contract, then both owners must agree to any change in this contract. If one Owner dies, the surviving Owner retains all rights of this contract. All references within this contract to Owner will apply to both the Owner and Joint Owner or either of them. The Owner may exercise all the rights of this contract, subject to the rights of:
OWNERSHIP PROVISIONS. 8,9 Ownership ............................................................ 8
OWNERSHIP PROVISIONS. Exercise of Contract This Contract belongs to the Owner, who is Rights entitled to exercise all rights and privileges in connection with this Contract. Where a Contract is jointly owned, both Owners must join in any request to exercise the rights or privileges of an Owner. In any case, such rights and privileges can be exercised without the consent of the Beneficiary (other than an irrevocably - designated Beneficiary) or any other person. Such rights and privileges may be exercised only during the lifetime of the Annuitant and prior to the Annuity Commencement Date, except as otherwise provided in this Contract. Unless the Owner specifies otherwise, on the Annuity Commencement Date the Annuitant will become the payee. If the Owner or the Annuitant dies prior to the Annuity Commencement Date, the Beneficiary will become the payee. Such payees may thereafter exercise such rights and privileges of ownership which continue. Beneficiary The Owner designated the Beneficiary and any Contingent Beneficiary when applying for this Contract. By written notice to American Franklin at its Administrative Office, a non-irrevocable Beneficiary or Contingent Beneficiary may be changed by the Owner prior to the Annuity Commencement Date or by the Annuitant or other properly-designated payee after the Annuity Commencement Date. Change of Ownership Ownership of a Qualified Contract may not be transferred except to: (1) the Annuitant; (2) a trustee or successor trustee of a pension or profit sharing trust which is qualified under Section 401(a) of the Internal Revenue Code; (3) the employer of the Annuitant, provided that the Qualified Contract after transfer is maintained under the terms of a retirement plan qualified under Section 403(a) of the Internal Revenue Code for the benefit of the Annuitant; (4) the trustee of an individual FORM T1575Z retirement account plan qualified under Section 408 of the Internal Revenue Code; or (5) as otherwise permitted from time to time by laws and regulations governing the retirement or deferred compensation plans for which a Qualified Contract may be issued (including but not limited to transfers pursuant to a qualified domestic relations order within the meaning of Section 414(p) of the Internal Revenue Code). In no other case may a Qualified Contract be sold, assigned, transferred, discounted or pledged as collateral. During the lifetime of the Annuitant and prior to the Annuity Commencement Date, the Owner may change the ownership of ...
OWNERSHIP PROVISIONS. A. The Contractor agrees that any audio files furnished under this contract will become the sole property of the State of California. Upon delivery by the Contractor, DWR will become the sole owner of all audio files provided under this agreement and will be entitled to all rights of ownership including unlimited use of such materials and products. The Contractor agrees to relinquish the right to copyright any audio material supplied or used in this agreement or assert any form of ownership.
B. Should the Contractor deliver a product encumbered by copyright or claim of ownership, the Contractor will be considered in breach of the contract; the product deemed unfit for its intended purpose; and the State will be under no obligation to pay for services rendered or expenses incurred by the Contractor in the performance of this agreement.
OWNERSHIP PROVISIONS. Ownership of Separate Account The Company has absolute ownership of the assets in the Separate Account. However, the Company is not, and does not hold itself out to be, a trustee in respect of any amounts under the Separate Account.
OWNERSHIP PROVISIONS. Contractor agrees that it shall include and enforce such ownership provisions in all subcontracts, if any, to ensure the exclusivity of the Company ownership as described in Section 7.1 above. The Company, its successors and assigns, shall have the unfettered right to obtain, and to hold in its own name, patents, copyrights, registrations, or such other intellectual property rights and protections as may be appropriate. All Deliverables shall bear the Company’s copyright and trade secret notices.
OWNERSHIP PROVISIONS. OWNER OF CONTRACT - The annuitant is the original owner unless otherwise provided in the application. Before the annuity date or any distribution of death benefit, you have the right to cancel or amend this contract if we agree. You may exercise every option and right conferred by this contract including the right of assignment. The joint owners must agree to any change if more than one owner is named. CHANGE OF OWNERSHIP - You may change the owner by written request at any time while the annuitant is alive. You must furnish information sufficient to clearly identify the new owner to us. The change is subject to any existing assignment of this contract. When we record the effective date of the change, it will be the date the notice was signed except for action taken by us prior to receiving the request. Any change is subject to the payment of any proceeds. We may require you to return this contract to us for endorsement of a change.
OWNERSHIP PROVISIONS. Consultant agrees that it shall include and enforce such ownership provisions in all subcontracts, if any, to ensure the exclusivity of Net2000 ownership as described in Section 5.1 above. Net2000, its successors and assigns, shall have the unfettered right to obtain, and to hold in its own name, patents, copyrights, registrations, or such other intellectual property rights and protections as may be appropriate.
OWNERSHIP PROVISIONS. OWNER - The Owner is named in the Contract Schedule. The Owner may exercise all the rights of this contract, subject to the rights of:
OWNERSHIP PROVISIONS. You, as the Owner, have all the interest and rights under the Contract. Subject to our administrative procedures, we may also permit ownership by a corporation (a type of non-natural person) or other legal entity.
