Plan Administration Subsidy. The Company and/or its affiliates may provide Plan administration services to the Contract Holder. Such services may be offered at no or reduced cost. Also, the Company may subsidize all or a portion of the Contract Holder's Plan administration expenses by paying certain costs associated with the Contract Holder's Plan administration personnel and/or certain costs associated with a third party administrator engaged by the Contract Holder to administer the Plan in accordance with its terms, the Code and the Treasury Regulations. The Company shall have no obligation to agree to Plan administration subsidy requests, and unless otherwise agreed to in advance by the Company and the Contract Holder, the Company may limit or terminate the subsidy with respect to a Contract Holder's Plan at the Company's sole discrxxxxx. Plan administration subsidies will be paid only to the extent requested by the Contract Holder and agreed to by the Company in writing. The Company will determine the availability of a Plan administration subsidy on a basis that is not unfairly discriminatory.
Appears in 2 contracts
Samples: Variable Annuity Acct C of Ing Life Insurance & Annuity Co, Variable Annuity Acct C of Ing Life Insurance & Annuity Co
Plan Administration Subsidy. The Company and/or its affiliates may provide Plan administration services to the Contract Holder. Such services may be offered at no or reduced cost. Also, the Company may subsidize all or a portion of the Contract HolderXxxxxx's Plan administration expenses by paying certain costs associated with the Contract Holder's Plan administration personnel and/or certain costs associated with a third party administrator engaged by the Contract Holder to administer the Plan in accordance with its terms, the Code and the Treasury Regulations. The Company shall have no obligation to agree to Plan administration subsidy requests, and unless otherwise agreed to in advance by the Company and the Contract Holder, the Company may limit or terminate the subsidy with respect to a Contract Holder's Plan at the Company's sole discrxxxxxdiscretion. Plan administration subsidies will be paid only to the extent requested by the Contract Holder Xxxxxx and agreed to by the Company in writing. The Company will determine the availability of a Plan administration subsidy on a basis that is not unfairly discriminatory.
Appears in 1 contract
Samples: Retirement Plan Services Agreement
Plan Administration Subsidy. The Company and/or its affiliates may provide Plan administration services to the Contract Holder. Such services may be offered at no or reduced cost. Also, the Company may subsidize all or a portion of the Contract Holder's Plan administration expenses by paying certain costs associated with the Contract HolderXxxxxx's Plan administration personnel and/or certain costs associated with a third party administrator engaged by the Contract Holder to administer the Plan in accordance with its terms, the Code and the Treasury Regulations. The Company shall have no obligation to agree to Plan administration subsidy requests, and unless otherwise agreed to in advance by the Company and the Contract Holder, the Company may limit or terminate the subsidy with respect to a Contract HolderXxxxxx's Plan at the Company's sole discrxxxxxdiscretion. Plan administration subsidies will be paid only to the extent requested by the Contract Holder and agreed to by the Company in writing. The Company will determine the availability of a Plan administration subsidy on a basis that is not unfairly discriminatory.
Appears in 1 contract
Samples: VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co
Plan Administration Subsidy. The Company and/or its affiliates may provide Plan administration services to the Contract HolderEmployer. Such services may be offered at no or reduced cost. Also, the Company may subsidize all or a portion of the Contract Holder's Employer’s Plan administration expenses by paying certain costs associated with the Contract Holder's Employer’s Plan administration personnel and/or certain costs associated with a third party administrator engaged by the Contract Holder Employer to administer the Plan in accordance with its terms, the Code and the Treasury Regulations. The Company shall have no obligation to agree to Plan administration subsidy requests, and unless otherwise agreed to in advance by the Company and the Contract HolderEmployer, the Company may limit or terminate the subsidy with respect to a Contract Holder's an Employer’s Plan at the Company's ’s sole discrxxxxxdiscretion. Plan administration subsidies will be paid only to the extent requested by the Contract Holder Employer and agreed to by the Company in writing. The Company will determine the availability of a Plan administration subsidy on a basis that is not unfairly discriminatory.
Appears in 1 contract
Samples: VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co