SECURITY BENEFIT Sample Clauses

SECURITY BENEFIT. The Company will provide Executive with personal safety and security protection as appropriate and reasonable under the circumstances.
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SECURITY BENEFIT. During the term of this Agreement and subject to Sections 9.1 and 9.3 hereof, neither Security Benefit nor any of its Affiliates shall knowingly induce or cause, or attempt to induce or cause, directly or indirectly, any Contract owner to lapse, terminate, surrender, exchange or cancel his or her Contract, or to cease or discontinue making premium payments thereunder except where such act or attempt to cause a lapse, termination, surrender, exchange or cancellation is in response to an enactment of federal or state legislation, order or decision of any court or regulatory body, administrative agency, or any other governmental instrumentality, a change in circumstances which makes the Contracts or insurance contracts of that type (E.G., annuity contracts or life insurance policies) an unsuitable investment for existing Contract owners, or is in response to any event or occurrence which results or is likely to result in material adverse publicity pertaining to any party to this Agreement.
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SECURITY BENEFIT. Part II of this Adoption Agreement and the corresponding provisions of the Basic Plan Document are hereby adopted this day of , 20 . Employer Representative: By: Printed Name: Title: OTHER PLAN PROVISIONS ADDENDUM This Addendum must be completed by each Employer who makes an election under Part II of this Adoption Agreement to apply special Plan provisions that differ from those described in the Plan Document.* For example, an Employer may wish to use this Addendum to indicate special eligibility or other provisions that apply to Employees eligible to participate in the Plan under the terms of a merger transaction. NOTE: The Employer cannot use this Addendum to revise Plan terms applicable to the MCERP and/or DCERP, except to the extent such revision is expressly approved in writing by the Administrative Provider Describe each special provision below, with reference to any applicable Adoption Agreement Item number and/or Basic Plan Document Section number that contains contrary provisions: *Employers electing to apply special Plan provisions should consult counsel regarding the potential legal consequences.
Sample 1

Related to SECURITY BENEFIT

  • ANNUITY BENEFIT Payments under an Annuity Benefit will be made monthly. You may elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of your election or as otherwise stated in the Data Pages or any Endorsement attached hereto. This election may be made at the time the Annuity Benefit form as described in Section 8.04 is elected. In that event, all references in this Contract to monthly payments, with respect to the Annuity Benefit to which the election applies, will be deemed to mean payments at the frequency elected.

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Assignment; Benefit This Agreement is personal and may not be assigned by Employee. This Agreement may be assigned by Employer and shall inure to the benefit of and be binding upon the successors and assigns of Employer.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

  • Net Benefit A Net Benefit for a particular fund or, in the case of a multi-class fund, a class results when aggregate Benefits exceed aggregate Losses (i.e., net redemptions on a day the fund’s or class’s NAV is understated or net subscriptions on a day the fund’s or class’s NAV is overstated) during the Error Period.

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • ACCRUAL OF BENEFIT The Advisory Committee will determine the accrual of benefit (Employer contributions and Participant forfeitures) on the basis of the Plan Year in accordance with the Employer's elections in its Adoption Agreement.

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