Examples of Gerber Life in a sentence
The Reinsurer will accept a fixed proportion of [up to 30%] of the Company's loss on the first $1,000,000 on behalf of the Company under each and every Policy subject to this Agreement, as follows: [1/1/02 to 12/31/02 5%, 1/1/03 to 12/31/12 15% (except for 1) business produced on behalf of Blue Shield of California which proportion shall be 11.25% effective 1/1/07 to 12/31/07, and 10%, effective 1/1/08 to 8/31/09 and 2) business produced by Gerber Life Ins.
Xxxxxxxx Title: Vice President Principal Amount of Senior Notes held: [***] Name of Holder: Gerber Life Insurance Company By: Band & Co. As Nominee for Gerber Life Insurance Company By: __/s/ Xxxxx Donnelly_________________________ Name: Xxxxx Xxxxxxxx Title: AVP Principal Amount of Senior Notes held: [***] Name of Holder: Connecticut General Life Insurance Company By: Cigna Investments, Inc.
At the election of the Buyer, which shall be furnished to the Seller in writing no later than one hundred and twenty (120) days after the Closing Date, each of the Seller and the Buyer shall cause an authorized person to make a valid and timely joint election under Section 338(h)(10) of the Code and a similar election under any applicable state or local income tax law for Gerber Products and/or Gerber Life (the “Section 338(h)(10) Election”).
The term “adjusted deemed sale price” shall be based on the portion of Purchase Price allocated to the Shares of Gerber Products and/or Gerber Life and shall otherwise be determined in accordance with Section 338 of the Code and the Treasury Regulations promulgated thereunder.
All payments shall be made by wire transfer of immediately available funds to: U.S. Bank N.A. 00 Xxxxxxxxxx Xxxxxx St. Xxxx, MN 55107-2292 ABA No. 000 000 000 Account Number: 180183083765 Account: Gerber Life Insurance Company Attn: Income Face Amount of $2,000,000.00 Each such wire shall show the name of the Company, the Private Placement Number, the due date of the payment being made and, if such payment is a final payment.
Credit AIG Marketing Colonial Exchange Mutual of Omaha Gerber Life Credential Services Signature Group Classified Insurance Response Marketing Globe Life 20th Century Insurance CUC International AMOCO AARP DeVry Inc.
The Seller will cause Novartis Finance to sell and the Buyer or a Buyer Designated Affiliate will purchase from Novartis Finance all of the issued and outstanding shares of Gerber Life (the “Gerber Life Shares”) free and clear of any Encumbrances, pursuant to an agreement in the form attached as Exhibit 2.1.
If a Section 338(h)(10) Election is made, the Seller and the Buyer shall agree upon an allocation of the “adjusted deemed sale price” among the assets of Gerber Products and/or Gerber Life in accordance with Section 338 of the Code and the Treasury Regulations promulgated thereunder in a manner 84 consistent with Section 2.3(g).
Xxxxx EXHIBIT A APPROVED SERVICE Pursuant to Section 2(b) of the Agreement, the following service of the Executive is hereby approved as of the Effective Date: Service as a director on the board of directors of Gerber Life Insurance Company and service as a director on the board of directors of Veramark Technologies, Inc.
Following the Closing Date, the Seller and the Buyer shall reasonably cooperate to calculate (i) the tax basis in the assets and liabilities of Gerber Products and Gerber Life and (ii) the tax basis in the stock of Gerber Products and Gerber Life.