The Product Exchange Programs Sample Clauses

The Product Exchange Programs. SEC Exchange Program (SECEP) Contracts electing to be part of the SECEP must satisfy the following conditions and will be treated as new issues (i.e. new issue date set to Exchange Date): - The contract has been in force for a minimum of 7 years, and 1. No premiums were paid in the 24 month period prior to the date of the exchange; or 2. The Contingent Deferred Sales Charge (CDSC) at the time of exchange is less than 2% of the contract value. - The attained age of the owner(s) and annuitant(s) is age 85 or younger Time-Crediting Exchange Program (TCEP) Contracts electing to be part of the TCEP must satisfy the following conditions but will not be treated as new issues (i.e. original issue date is maintained): - The contract has been in force for a minimum of 7 years. - The in force contract must have Xxxxxx Xxxxx as the firm of record. Hartford Life, Agreement No. 2000-24NYDB Effective May 8, 2000
AutoNDA by SimpleDocs
The Product Exchange Programs. SEC Exchange Program (SECEP) Contracts electing to be part of the SECEP must satisfy the following conditions and will be treated as new issues (i.e. new issue date set to Exchange Date): - The contract has been in force for a minimum of 7 years, and 1. No premiums were paid in the 24 month period prior to the date of the exchange; or 2. The Contingent Deferred Sales Charge (CDSC) at the time of exchange is less than 2% of the contract value. - The attained age of the owner(s) and annuitant(s) is age 85 or younger Time -Crediting Exchange Program (TCEP) Contracts electing to be part of the TCEP must satisfy the following conditions but will not be treated as new issues (i.e. original issue date is maintained): - The contract has been in force for a minimum of 7 years, and - The in force contract must have Edward Jones as the firm xx xxxxxx CONTINUED ON NEXT PAGE. . . .
The Product Exchange Programs. SEC Exchange Program (SECEP) Contracts electing to be part of the SECEP must satisfy the following conditions and will be treated as new issues (i.e. new issue date set to Exchange Date): - The contract has been in force for a minimum of 7 years, and 1. No premiums were paid in the 24 month period prior to the date of the exchange; or 2. The Contingent Deferred Sales Charge (CDSC) at the time of exchange is less than 2% of the contract value. - The attained age of the owner(s) and annuitant(s) is age 85 or younger Time -Crediting Exchange Program (TCEP) Contracts electing to be part of the TCEP must satisfy the following conditions but will not be treated as new issues (i.e. original issue date is maintained): - The contract has been in force for a minimum of 7 years, and - The in force contract must have Xxxxxx Xxxxx as the firm of record CONTINUED ON NEXT PAGE. . . . Hartford Life and Annuity Agreement No.2000-24, Effective May 8, 2000 Amendment No. 1, Effective October 23, 2000 <Page> SCHEDULE A PLANS OF REINSURANCE (Continued) US Bancorp/Xxxxx Xxxxxxx Time-Crediting Exchange Program (TCEP) Contracts electing to be part of the US Bancorp/Xxxxx Xxxxxxx Time Credited Exchange Program (TCEP) must satisfy the following conditions but will NOT be treated as new issues (i.e. original issue date is maintained): - The contract has been issued and is still in force as of May 1, 2000. - The in force contract pertains to the US Bancorp / Xxxxx Xxxxxxx distribution channel.

Related to The Product Exchange Programs

  • Combination Products If a LICENSED PRODUCT is sold to any third party in combination with other products, devices, components or materials that are capable of being sold separately and are not subject to royalties hereunder (“OTHER PRODUCTS,” with the combination of products being referred to as “COMBINATION PRODUCTS” and the Other Product and Licensed Product in such Combination Product being referred to as the “COMPONENTS”), the NET SALES of such LICENSED PRODUCT included in such COMBINATION PRODUCT shall be calculated by multiplying the NET SALES of the COMBINATION PRODUCT by the fraction A/(A+B), where A is the average NET SALES price of such LICENSED PRODUCT in the relevant country, as sold separately, and B is the total average NET SALES price of all OTHER PRODUCTS in the COMBINATION PRODUCT in the relevant country, as sold separately. If, in any country, any COMPONENT is not sold separately, NET SALES for royalty determination shall be determined by the formula [C / (C+D)], where C is the aggregate average fully absorbed cost of the Licensed Product components during the prior Royalty Period and D is the aggregate average fully absorbed cost of the other essential functional components during the prior Royalty Period, with such costs being determined in accordance with generally accepted accounting principles. To the extent that any SUBLICENSE INCOME relates to a COMBINATION PRODUCT or is otherwise calculated based on the value of one or more licenses or intellectual property rights held by the COMPANY, an AFFILIATE or SUBLICENSEE, COMPANY shall determine in good faith and report to THE PARTIES the share of such payments reasonably attributable to COMPANY’s or such AFFILIATE’s sublicense of the rights granted hereunder, based upon their relative importance and proprietary protection, which portion shall be the SUBLICENSE INCOME. THE PARTIES shall have the right to dispute such sharing determination in accordance with the dispute provisions of the AGREEMENT.

  • Combination Product The term “

  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

  • Product Changes Vocera shall have the right, in its absolute discretion, without liability to End User, to update to provide new functionality or otherwise change the design of any Product or to discontinue the manufacture or sale of any Product. Vocera shall notify End User at least 90 days prior to the delivery of any Product which incorporates a change that adversely affects form, fit or function (“Material Change”). Vocera shall also notify End User at least 90 days prior to the discontinuance of manufacture of any Product. Notification will be made as soon as reasonably practical for changes associated with regulatory or health and safety issues.

  • Commercialization Plan (a) Not later than three [***] after submission of Regulatory Filings for each Product in each country of the Territory, Licensee will provide to the JCC for review its initial Commercialization Plan for each Product for each country in the Territory. Such initial Commercialization Plan will describe Licensee’s plans for activities to be conducted for such Product for such country. Each Commercialization Plan shall include the details of obligations to be performed by Licensee to achieve the specific activities that are applicable to the stage of [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Commercialization (e.g., pre-launch, launch planning, launch, or post-launch) of the applicable Product during the time period covered by such Commercialization Plan and subsequent time periods. (b) Prior to the First Commercial Sale for such Product in such country, Licensee will provide to the JCC for review an updated Commercialization Plan for such Product for such country. Such updated Commercialization Plan will include, but not be limited to, Licensee’s updated plans for activities to be conducted for such Product for such country prior to launch as well as activities to be conducted in connection with such launch. (c) Promptly after each anniversary of the First Commercial Sale of such Product during the Term, Licensee will provide to the JCC for review updated Commercialization Plans for such Product for such country. Such further updated Commercialization Plan will include, but not be limited to, Licensee’s plans for Commercialization activities for such Product and such country for the twelve (12) month period following the date of delivery of such Commercialization Plan. No Commercialization Plan may be implemented by Licensee if [***]. Each Commercialization Plan shall be consistent with and shall not contradict the terms of this Agreement [***], and in the event of any inconsistency between the Commercialization Plan and this Agreement, the terms of this Agreement shall prevail. Notwithstanding the foregoing, if a [***], Licensee shall [***] and shall promptly [***].

  • Existing Products Except as set forth below, Contractor shall retain all rights, title and interest in Existing Products.

  • Licensed Products Lessee will obtain no title to Licensed Products which will at all times remain the property of the owner of the Licensed Products. A license from the owner may be required and it is Lessee's responsibility to obtain any required license before the use of the Licensed Products. Lessee agrees to treat the Licensed Products as confidential information of the owner, to observe all copyright restrictions, and not to reproduce or sell the Licensed Products.

  • Training Programs All employees shall successfully complete all necessary training prior to being assigned work (e.g., all employees will complete health and safety training prior to being assigned to task). Nothing in this Article or provision shall constitute a waiver of either party’s bargaining obligations or defenses. The Employer still has an obligation to notify and bargain changes in terms and conditions of employment with the exclusive representative.

  • Marketing Plans Contractor and the Exchange recognize that Enrollees and other health care consumers benefit from efforts relating to outreach activities designed to increase heath awareness and encourage enrollment. The parties shall share marketing plans on an annual basis and with respect to periodic updates of material changes. The marketing plans of each of the Exchange and Contractor shall include proposed marketing approaches and channels and shall provide samples of any planned marketing materials and related collateral as well as planned, and when completed, expenses for the marketing budget. The Contractor shall include this information for both the Exchange and the outside individual market. The Exchange shall treat all marketing information provided under this Section as confidential information and the obligation of the Exchange to maintain confidentiality of this information shall survive termination or expiration of this Agreement.

  • Pilot Programs The Employer may develop voluntary pilot programs to test the acceptability of various risk management programs. Incentives for participation in such programs may include limited short-term improvements to the benefits outlined in this Article. Implementation of such pilot programs is subject to the review and approval of the Joint Labor-Management Committee on Health Plans.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!