Variable Products. The variable life insurance policies and variable annuity contracts offered from time to time by Broker/Dealer and Insurance Agency in (__________).
Variable Products. Contemporaneously herewith, Broker is entering into a Distribution Agreement (the "Variable Products Agreement") with CG on its behalf and on behalf of certain separate accounts ("Accounts") of CG, providing for distribution by Broker of certain variable annuity contracts and variable life insurance policies ("Variable Products") that are funded by the Accounts. Attached to the Variable Products Agreement as Attachment A is a list of all Accounts and attached hereto as Exhibit 1.
1. A is a list of all current types of Variable Products. Attached hereto as Exhibit 1.1.B is a list of all broker-dealers ("Dealers") authorized to sell Variable Products.
Variable Products. For so long as and to the extent that pass-through voting privileges exist for Variable Products, Nationwide shall distribute all proxy material furnished by the Company (provided that such material is received by Nationwide or its designated agent at least 10 Business Days prior to the date scheduled for mailing to the Plan’s selected fiduciary or authorized representative) and shall vote Fund shares in accordance with instructions received from the Plan’s selected fiduciary or authorized representative on behalf of participants who have interests in such Fund shares. Nationwide shall vote the Fund shares for which no instructions have been received in the same proportion as Fund shares for which said instructions have been received from the Plan’s selected fiduciary or authorized representative, provided that such proportional voting is not prohibited by a Plan’s qualified retirement plan document, if applicable. Nationwide and its agents will in no way recommend an action in connection with or oppose or interfere with the solicitation of proxies in the Fund shares.
Variable Products. 4.2.1. The rate earned on the Variable Product is variable and will be adjusted as detailed in Clause 25.
4.2.2. Interest rates are available by phoning 0345 455 22 22 or by viewing our website xxx.xxxxx.xx.xx/xxxxxxxxxxxxx. They will also be advised to you at account opening and printed on your statement.
4.2.3. Interest is calculated each day based on the total cleared balance in the Account at the end of the day using the then prevailing interest rate.
4.2.4. Interest is calculated up to but not including the last Business Day in March and is added to the Variable Product annually in April.
Variable Products. 5.2.1 All Lodgements to the Variable Product must be in sterling.
5.2.2. Lodgements can be made by cheque or electronically from your Nominated Bank Account. Cheques must be made payable to Allied Irish Bank (GB) and the name in which your Variable Product is held e.g. in ‘Allied Irish Bank (GB) – Xxxx Xxxxx’.
5.2.3. Electronic Deposits and Lodgements received by us from your Nominated Bank Account before 4pm will be credited to your Account, value dated and made available for you to use immediately. Electronic Deposits and Lodgements received by us from your Nominated Bank Account after 4pm, will be credited to your Account, value dated and made available for you to use, on the next Business Day.
5.2.4. Cheques processed through the“Paper clearing system”will earn interest two further Business Days after the date of receipt e.g. on Wednesday if paid in on a Monday and electronic Lodgements will earn interest from the value date detailed in Clause 5.2.3. Cheques processed through the“Image clearing system”will start earning interest the next banking day.
5.2.5. No Deposits or Lodgements are permitted from any third party accounts.
5.2.6. You must keep a record of all cheques deposited. If you do not, we may not be able to help you if any cheques become lost.
5.2.7. We reserve the right to refuse any Deposits or Lodgements into an Account at any time at our sole discretion. In such cases subject to receipt we will return the cheque to you or if paid by electronic means we will transfer the funds back to the originating account.
5.2.8. Where Lodgements are being made by cheque they should be sent to our Freepost address as set out in Clause 22.2.
5.2.9. You may amend your Nominated Bank Account by advising us in writing of the requested change by complying with Clause 9.3.
Variable Products. 6.3.1. Withdrawals will be provided from your Variable Product on teleauthorisation by calling our customer service team on 0345 455 22 22 and satisfying our security checks, or upon receipt of a signed, written request to our Freepost address as set out in Clause 22.2. We will pay electronically to the Nominated Bank Account.
Variable Products. 11.3.1. Biannually in April and October, the Bank will issue a statement to the Variable Product Holder reflecting all transactions since the last statement or the opening of the Variable Product.
Variable Products. 19.2.1. If, within 14 days of opening your Variable Product you decide that the type of Variable Product you have opened is not appropriate for you, the Bank will, on being advised by you, return your Deposit together with any interest it has earned to you without penalty provided that any cheque or funds you have paid to the Bank has met our clearance period as referred to in Clause 8. We will ignore any notice period or additional charges that applies to your Account. ^ AIB Group (UK) p.l.c. operates under the trading/brand names of First Trust Bank in Northern Ireland and Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct in Great Britain. The FSCS limit relates to the combined in all the eligible depositor’s accounts with all of these trading/brand names.
Variable Products. For so long as and to the extent that pass-through voting privileges exist for Variable Products, Nationwide shall distribute all proxy material furnished by the Trust or its designated agent (provided that such material is received by Nationwide or its designated agent at least 10 Business Days prior to the date scheduled for mailing to the Plan's selected fiduciary or authorized representative) and shall vote Fund shares in accordance with instructions received from the Plan's selected fiduciary or authorized representative on behalf of participants who have interests in such Fund shares. Nationwide shall vote the Fund shares for which no instructions have been received in the same proportion as Fund shares for which said instructions have been received from the Plan's selected fiduciary or authorized representative, provided that such proportional voting is not prohibited by a Plan's qualified retirement plan document, if applicable. Nationwide and its agents will in no way recommend an action in connection with or oppose or interfere with the solicitation of proxies in the Fund shares.
Variable Products
