Common use of Annuity Contract Clause in Contracts

Annuity Contract. A nontransferable contract as defined in section 403(b)(1) of the Code, established for each Participant by the Employer, or by each Participant individually, that is issued by an insurance company qualified to issue annuities in Texas and that includes payment in the form of an annuity.

Annuity Contract. A Annuity Contract means a nontransferable group or individual contract as defined in section Code §§403(b)(1) of the Codeand 401(g), established under the Plan for each Participant by the Employer, or by each Participant individually, that is issued by an insurance company Insurance Company qualified to issue annuities in Texas a State and that includes payment in the form of an annuity. See Section 8.

Annuity Contract. A nontransferable contract as defined in section Section 403(b)(1) of the Code, established for each Participant by the Employer, or by each Participant individually, that is issued by an insurance company qualified to issue annuities in Texas a State and that includes payment in the form of an annuity.