Ownership and Assignment definition

Ownership and Assignment. The following is added at the end of this section: This Contract is not subject to the claims of any creditors except to the extent permitted by law. This Contract is nonassignable, except to Aetna, or pursuant to a Qualified Domestic Relations Order under the provisions of the Retirement Equity Act of 1984 (REA). The Contract Owner generally is the sponsor of a qualified pension or profit sharing plan. The Contract Owner can also be an active participant in a plan established solely for one individual, or can be a former participant who is now separated from service from a retirement plan.
Sample 1

Examples of Ownership and Assignment in a sentence

  • To further provide for the implementation of this provision, within twenty days from execution of this Agreement the Consultant agrees to execute and deliver to the Company a CDEX Non-disclosure and Confidentiality Agreement and a CDEX Non-Compete and Non-Solicitation Agreement, and the Consultants shall execute an Ownership and Assignment of Intellectual Property Rights Agreement (collectively, the "CDEX Agreements"), the terms and conditions of which are specifically incorporated herein by reference.

  • Master Patent Ownership and Assignment Agreement" means the Master Patent Ownership and Assignment Agreement between Adaptec and Roxio.

  • Change of Ownership and Assignment You may name a new owner of this policy or pledge it as collateral by assigning it.

  • Joint Technology" means the manufacturing Technology indicated to be jointly owned in the Palm Technology Database, and Technology which has been jointly developed by the parties prior to the Separation Date that is incorporated into Current Palm Products (as defined in the Master Patent Ownership and Assignment Agreement); provided, however, that Joint Technology shall not include any Technology developed under the Galahad Project or work done by TDC, except as otherwise agreed by the parties in writing.

  • The parties agree that Executive’s obligations under Paragraphs 7 (Ownership and Assignment of Inventions), 13 (Confidential Information and Materials), and 14 (Noncompetition and Nonsolicitation Covenant) of this Employment Agreement will survive the termination of this Employment Agreement and termination of Executive’s employment with Employer, regardless of when such termination may occur and regardless of the reasons for such termination.

  • Master Patent Ownership and Assignment Agreement" means the Master Patent Ownership and Assignment Agreement between 3Com and Palm.

  • Master Patent Ownership and Assignment Agreement" means the Master Patent Ownership and Assignment Agreement between MRV and Luminent.

  • Master Patent Ownership and Assignment Agreement" means the Master Patent Ownership and Assignment Agreement between MRV and Optical Access.

  • Optical Access Technology" means (i) all Technology developed solely by Optical Access or Subsidiaries of Optical Access or by its subcontractors for Optical Access or its Subsidiaries, (ii) all Technology for which the direct costs were solely paid for by Optical Access, and (iii) Technology that has been jointly developed by the parties prior to the Separation Date that is incorporated into Current Optical Access Products (as defined in the Master Patent Ownership and Assignment Agreement.

  • To further provide for the implementation of this provision, within twenty days from execution of this Agreement the Consultant agrees to execute and deliver to the Company a CDEX Non-disclosure and Confidentiality Agreement and a CDEX NonCompete and Non- Solicitation Agreement, and the Consultants shall execute an Ownership and Assignment of Intellectual Property Rights Agreement (collectively, the "CDEX Agreements"), the terms and conditions of which are specifically incorporated herein by reference.

Related to Ownership and Assignment

  • Addendum and Assignment Agreement The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer.

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • Permitted Assignment means a Permitted Subsidiary Assignment or a Permitted Third-Party Assignment.

  • Assignment and Assumption Agreements means each of the Assignment and Assumption Agreements to be executed between a Trustee and trustee of the relevant Successor Trust in accordance with the relevant Trust Agreement, as the same may be amended, modified or supplemented from time to time.

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • Assignment Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Assignment and Assumption of Lease has the meaning set forth in Section 3.02(a)(v).

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • Conveyancing and Assumption Instruments means, collectively, the various Contracts, including the related local asset transfer agreements and local stock transfer agreements, and other documents entered into prior to the Effective Time and to be entered into to effect the Transfer of Assets and the Assumption of Liabilities in the manner contemplated by this Agreement, or otherwise relating to, arising out of or resulting from the transactions contemplated by this Agreement, in such form or forms as the applicable Parties thereto agree.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • First Assignment means: the relevant Assignment; orif, prior to the relevant Assignment:

  • Affiliated Lender Assignment and Assumption means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-2 or any other form approved by the Administrative Agent and the Borrower.

  • Trademark Assignment shall have the meaning specified in Section 3.2(c).

  • Trademark Assignment Agreement has the meaning set forth in Section 2.01.

  • Assignment and Acceptance Agreement means an assignment and acceptance agreement entered into by a Lender, an Eligible Assignee and the Administrative Agent, and, if required, the Borrower, pursuant to which such Eligible Assignee may become a party to this Agreement, in substantially the form of Exhibit C hereto.

  • Non-citizen Assignee means a Person whom the General Partner has determined in its discretion does not constitute an Eligible Citizen and as to whose Partnership Interest the General Partner has become the Substituted Limited Partner, pursuant to Section 4.9.

  • Assignment and Assumption means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.

  • Confidentiality Agreement has the meaning set forth in Section 6.3.

  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.

  • assignment shall have the same meanings of such terms in the 1940 Act.)

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.