Annuity Contracts. Any annuity contract distributed under this Plan must be nontransferable. The terms of any annuity contract purchased and distributed by the Plan to a Participant or Spouse shall comply with the requirements of this Plan.
Annuity Contracts. If annuity payments commence irrevocably to a Beneficiary before the latest commencement date under (c)(2) above, the Beneficiary’s life expectancy shall be determined as of his birthday in the calendar year in which payments commence.
Annuity Contracts. Deferred Variable Annuity and Variable Annuity Certain contract which may be issued by Golden American and for which Distributor has been appointed principal under writer pursuant to a Distribution Agreement, a copy of which has been furnished to Broker/Dealer.
Annuity Contracts. 33 6.08 Loans to Participants................................................................ 33 6.09 Distribution in Kind................................................................. 34 6.10 Direct Rollovers of Eligible Rollover Distributions.................................. 34 6.11 Procedure for Missing Participants or Beneficiaries.................................. 35
Annuity Contracts. If a Participant’s Account is used to purchase an annuity contract from an insurance company in order to provide the Beneficiary’s benefit hereunder, notwithstanding the foregoing, the minimum distribution requirements will be satisfied if the annuity provides for periodic payments at intervals not longer than one year, commencing on or before the date a minimum distribution would otherwise be required over a period not exceeding the maximum period described in (c)(2)(B) above remaining (without recalculation of life expectancies after the annuity purchase). Any such annuity contract must satisfy the requirements of the applicable Treasury Regulations under section 401(a)(9) of the Code.
Annuity Contracts. If the Participant's Benefit is distributed in the form of an annuity purchased from an insurance company, distributions under such annuity shall be made in accordance with the requirements of Code section 401(a)(9).
Annuity Contracts. Notwithstanding any other provision of this Trust Agreement or the Plan to the contrary, the Administrator shall retain all discretionary power relating to any annuity contract acquired by or delivered to the Trustee. As directed by the Administrator, the Trustee will acquire, hold and dispose of annuity contracts, deliver the purchase price, and exercise any and all rights, privileges, options, and elections under those policies. The Trustee will be fully discharged with respect to any policy when it is delivered to the Administrator.
Annuity Contracts. Will a Participant be entitled to apply the Vested portion of their Individual Account toward the purchase of an annuity contract, subject to Plan Section 5.02 (select one)? Option 1: Yes.
Annuity Contracts. Any annuity contract distributed under the Plan (if permitted or required by this Section Five) must be nontransferable. The terms of any annuity contract purchased and distributed by the Plan to a Participant or Spouse shall comply with the requirements of the Plan.
Annuity Contracts. (a) All policy forms issued by Ceding Company with respect to the Annuity Contracts and all amendments, applications, and certificates pertaining thereto, where required by Applicable Law, have been approved by all applicable Government Entities or filed with and not objected to by such Governmental Entities within the period provided by Applicable Law for objection. Set forth on Schedule 2.12(a) is a listing, as of the date hereof, of all policy forms issued by Ceding Company with respect to the Annuity Contracts, the states in which such policy forms are authorized by a Governmental Entity for issuance, the number of policies issued on each policy form and the aggregate reserves associated with each policy form.
