Security Benefit definition

Security Benefit means Security Benefit Life Insurance Company, its affiliates and/or any entity, account or fund that is administered, managed, advised and/or sub-advised by Security Benefit Life Insurance Company and/or an affiliate thereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Security Benefit. Life Insurance Company By its authorized officer

Security Benefit we," "us," or "our" refer to Security Benefit Corporation and its affiliated companies, unless otherwise indicated. PURPOSE OF THE CODE This Code is intended to: - help you recognize issues of questionable ethics and take the appropriate steps to resolve these issues; - deter unethical or illegal conduct; - assist you in reporting any unethical or illegal conduct; and - reaffirm and promote our commitment to a corporate culture that values honesty and accountability by all associates. All associates, as a condition of employment or continued employment, will acknowledge annually in writing that they have received a copy of this Code, read it, and understand that the Code contains our expectations regarding their conduct. Finally, you should know that the Code is designed to satisfy the standards contained in the Federal Sentencing Guidelines for Organizations published by the U.S. Department of Justice. U.S. federal courts are bound to apply the Federal Sentencing Guidelines for Organizations when sentencing companies convicted of federal offenses arising from the illegal acts of one or more employees. The Federal Sentencing Guidelines for Organizations provide for substantial leniency in sentencing of a company from otherwise severe mandatory penalties, where the company had an effective compliance program at the time of the illegal activity.

Examples of Security Benefit in a sentence

• Signed for Security Benefit Life Insurance Company on the Contract Date.

• Any notice provided hereunder shall be sufficiently given when sent by registered or certified mail to the party required to be served with such notice at the following address: if to the Company, to it at One Security Benefit Place, Topeka, Kansas 66636, Attn: President; and if to SMC, to it at One Security Benefit Place, Topeka, Kansas 66636, Attn: President, or at such other address as such party may from time to time specify in writing to the other party pursuant to this Section.

• SMC may, at its discretion, delegate, assign or subcontract any of the duties, responsibilities and services governed by this agreement, to its parent company, Security Benefit Group, Inc., whether or not by formal written agreement.

• Signed for First Security Benefit Life Insurance and Annuity Company of New York on the Contract Date.

• The County will work with the Union and the administrator of the new Post-Retirement Leave Conversion Medical Reimbursement Plan to explore the feasibility of transferring assets currently held by Security Benefit into the program.

• SMC may, at its discretion, delegate, assign or subcontract any of the duties, responsibilities and services governed by this agreement, to its parent company, Security Benefit Group, Inc., whether or not by formal written agreement, or to any third party, provided that such arrangement with a third party has been approved by the Board of Directors of the Fund.

• Security Benefit Life Insurance Company By its authorized officer By: ▇▇▇▇▇▇▇ ▇.

• SMC may, at its discretion, delegate, assign, or subcontract any of the duties, responsibilities and services governed by this paragraph 5, to its parent company, Security Benefit Group, Inc.

• Security Benefit Life Insurance Company By its authorized officer By: /s/ ▇▇▇▇▇▇▇ ▇.

• Security Benefit Life Insurance Company By its authorized officer By: ▇▇▇▇▇▇ ▇.

More Definitions of Security Benefit

Security Benefit means the security benefit payable under this Plan calculated under Article IV.

Security Benefit means, collectively, Security Benefit Corporation, Note Funding 1892, LLC, SBC Funding, LLC and each of their respective Affiliates but excluding any operating portfolio companies of any of the foregoing.

Security Benefit. “we” or “us”), the other Commitment Parties party thereto and you regarding the transactions referenced therein. Capitalized terms used but not defined in this letter agreement shall have the meanings assigned thereto in the Commitment Letter.