{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-participant", "type": "clause", "offset": [3, 18]}, {"key": "form-of", "type": "definition", "offset": [51, 58]}, {"key": "insurance-company", "type": "definition", "offset": [88, 105]}, {"key": "in-accordance-with", "type": "clause", "offset": [154, 172]}, {"key": "the-requirements", "type": "clause", "offset": [173, 189]}, {"key": "code-section", "type": "definition", "offset": [193, 205]}], "samples": [{"hash": "iebWjmUFsf", "uri": "/contracts/iebWjmUFsf#annuity-contracts", "label": "Flexible Nonstandardized 401(k) Adoption Agreement (Oshkosh B Gosh Inc)", "score": 18.0, "published": true}, {"hash": "faYTgs4mG0O", "uri": "/contracts/faYTgs4mG0O#annuity-contracts", "label": "Flexible Nonstandardized 401(k) Adoption Agreement (Oshkosh B Gosh Inc)", "score": 18.0, "published": true}, {"hash": "6NJCg47lSjE", "uri": "/contracts/6NJCg47lSjE#annuity-contracts", "label": "401(k) Adoption Agreement (Oshkosh B Gosh Inc)", "score": 18.0, "published": true}], "snippet": "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).", "size": 5, "hash": "5ccf923aa71865ccf5a4bfe68b452519", "id": 7}, {"snippet_links": [{"key": "annuity-contract", "type": "clause", "offset": [4, 20]}, {"key": "this-plan", "type": "definition", "offset": [39, 48]}, {"key": "terms-of", "type": "clause", "offset": [78, 86]}, {"key": "the-plan", "type": "clause", "offset": [137, 145]}, {"key": "to-a-participant", "type": "clause", "offset": [146, 162]}, {"key": "the-requirements", "type": "clause", "offset": [191, 207]}], "samples": [{"hash": "l1HzNAfvpat", "uri": "/contracts/l1HzNAfvpat#annuity-contracts", "label": "Defined Contribution Plan", "score": 26.7785835266, "published": true}, {"hash": "eNxGHQUp7z4", "uri": "/contracts/eNxGHQUp7z4#annuity-contracts", "label": "Defined Contribution Plan", "score": 25.2360858917, "published": true}, {"hash": "6Rrggf9bvyg", "uri": "/contracts/6Rrggf9bvyg#annuity-contracts", "label": "Defined Contribution Plan (1st Constitution Bancorp)", "score": 23.7871322632, "published": true}], "snippet": "Any annuity contract distributed under this Plan must be nontransferable. 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Any such annuity contract must satisfy the requirements of the applicable Treasury Regulations under section 401(a)(9) of the Code.", "size": 7, "hash": "7a437a09cfa437c78d9a8132dae03102", "id": 6}, {"snippet_links": [{"key": "policy-forms", "type": "definition", "offset": [8, 20]}, {"key": "issued-by", "type": "clause", "offset": [21, 30]}, {"key": "ceding-company", "type": "definition", "offset": [31, 45]}, {"key": "with-respect-to", "type": "clause", "offset": [46, 61]}, {"key": "where-required-by-applicable-law", "type": "clause", "offset": [155, 187]}, {"key": "approved-by", "type": "clause", "offset": [199, 210]}, {"key": "government-entities", "type": "definition", "offset": [226, 245]}, {"key": "governmental-entities", "type": "definition", "offset": [288, 309]}, {"key": "the-period", "type": "clause", "offset": [317, 327]}, {"key": "on-schedule", "type": "definition", "offset": [380, 391]}, {"key": "date-hereof", "type": "clause", "offset": [425, 436]}, {"key": "authorized-by", "type": "clause", "offset": [564, 577]}, {"key": "governmental-entity", "type": "definition", "offset": [580, 599]}, {"key": "number-of-policies", "type": "clause", "offset": [618, 636]}, {"key": "issued-on", "type": "clause", "offset": [637, 646]}, {"key": "aggregate-reserves", "type": "definition", "offset": [672, 690]}, {"key": "associated-with", "type": "definition", "offset": [691, 706]}, {"key": "applicable-policy", "type": "definition", "offset": [863, 880]}, {"key": "knowledge-of", "type": "definition", "offset": [1085, 1097]}, {"key": "in-default", "type": "clause", "offset": [1158, 1168]}, {"key": "material-respect", "type": "definition", "offset": [1176, 1192]}, {"key": "no-material", "type": "clause", "offset": [1241, 1252]}, {"key": "unresolved-disputes", "type": "definition", "offset": [1253, 1272]}, {"key": "contracts-with", "type": "clause", "offset": [1287, 1301]}, {"key": "the-other-parties", "type": "clause", "offset": [1309, 1326]}, {"key": "since-december", "type": "clause", "offset": [1340, 1354]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1494, 1515]}, {"key": "valid-and-enforceable", "type": "clause", "offset": [1523, 1544]}, {"key": "in-accordance-with", "type": "clause", "offset": [1545, 1563]}, {"key": "the-risk", "type": "definition", "offset": [1743, 1751]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [1776, 1823]}, {"key": "letters-of-credit", "type": "definition", "offset": [1852, 1869]}, {"key": "collateral-arrangements", "type": "clause", "offset": [1881, 1904]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1926, 1944]}, {"key": "as-required-by", "type": "clause", "offset": [2005, 2019]}, {"key": "terms-and", "type": "clause", "offset": [2024, 2033]}, {"key": "conditions-of-this-agreement", "type": "clause", "offset": [2049, 2077]}, {"key": "experience-refunds", "type": "clause", "offset": [2167, 2185]}, {"key": "profit-sharing-arrangements", "type": "clause", "offset": [2187, 2214]}, {"key": "insurance-refunds", "type": "clause", "offset": [2283, 2300]}, {"key": "the-holder", "type": "clause", "offset": [2314, 2324]}, {"key": "any-other-person", "type": "definition", "offset": [2336, 2352]}, {"key": "to-receive", "type": "definition", "offset": [2353, 2363]}, {"key": "other-benefits", "type": "definition", "offset": [2392, 2406]}, {"key": "based-on", "type": "clause", "offset": [2407, 2415]}, {"key": "similar-items", "type": "definition", "offset": [2462, 2475]}, {"key": "terms-of", "type": "clause", "offset": [2500, 2508]}, {"key": "compliance-with-all-applicable-law", "type": "clause", "offset": [2849, 2883]}, {"key": "market-conduct", "type": "clause", "offset": [2988, 3002]}, {"key": "notice-of", "type": "definition", "offset": [3187, 3196]}, {"key": "action-by", "type": "clause", "offset": [3227, 3236]}, {"key": "reasonably-likely", "type": "definition", "offset": [3321, 3338]}, {"key": "relating-to-the-business", "type": "definition", "offset": [3384, 3408]}], "samples": [{"hash": "iYayJYlefvt", "uri": "/contracts/iYayJYlefvt#annuity-contracts", "label": "Reinsurance Agreement (Separate Account Va B)", "score": 21.0, "published": true}, {"hash": "1UHMSwdO7pN", "uri": "/contracts/1UHMSwdO7pN#annuity-contracts", "label": "Reinsurance Agreement (Separate Account Va B)", "score": 21.0, "published": true}], "snippet": "(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\n(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.\n(b) Except as set forth in Schedule 2.12(b), with respect to any Annuity Contract, (i) Ceding Company did not materially deviate from the applicable policy form when issuing such Annuity Contract, (ii) Ceding Company complied with its underwriting, retention and claim standards with respect to such Annuity Contracts, (iii) neither Ceding Company nor, to the Knowledge of Ceding Company, any such holder of such Annuity Contract is in default in any material respect under any such Annuity Contract, (iv) there are no material unresolved disputes under Annuity Contracts with any of the other parties thereto, (v) since December 31, 2006, there has been no material decrease in reserves with respect to the Annuity Contracts, and (vi) each such Annuity Contract is in full force and effect and is valid and enforceable in accordance with its terms. Except as set forth in Schedule 2.12(b), no such Annuity Contract contains any provision providing that any party thereto may terminate or cancel the same or recapture the risk thereunder by reason of the transactions contemplated by this Agreement. Schedule 2.12(b) lists any letters of credit, trust, or collateral arrangements posted by or created for the benefit of Ceding Company with respect to any Annuity Contract, except as required by the terms and subject to the conditions of this Agreement. Except as set forth on Schedule 2.12(b), none of the Annuity Contracts provides for any experience refunds, profit sharing arrangements, extraordinary allowances (including persistency bonuses or cost of insurance refunds) or entitles the holder thereof or any other Person to receive dividends, distributions or other benefits based on the revenues or earnings of Ceding Company or similar items.\n(c) Any rates or other terms of Ceding Company with respect to the Business (including rates or other terms with respect to all of the Annuity Contracts) that are required to be filed with or approved by any Governmental Entities have been so filed or approved.\n(d) The Business has been issued and, to the Knowledge of Ceding Company, marketed, sold and administered, in compliance with all Applicable Law. Ceding Company and, to the Knowledge of Ceding Company, its Producers, are not subject to any material market conduct assertion, claim, claim filed with any Governmental Entity, or filed complaint (whether served or not served) with respect to the Business, and Ceding Company has not received written notice of and there does not exist, any action by Ceding Company or, to the Knowledge of Ceding Company, its Producers, that would be reasonably likely give rise to a material market conduct claim relating to the Business.", "size": 5, "hash": "33a478cebafc95c22a5ad28d94b8c0dd", "id": 8}, {"snippet_links": [{"key": "provision-of", "type": "clause", "offset": [26, 38]}, {"key": "agreement-or", "type": "definition", "offset": [50, 62]}, {"key": "the-plan", "type": "clause", "offset": [63, 71]}, {"key": "discretionary-power", "type": "definition", "offset": [124, 143]}, {"key": "relating-to", "type": "definition", "offset": [144, 155]}, {"key": "to-the-trustee", "type": "clause", "offset": [202, 216]}, {"key": "as-directed", "type": "clause", "offset": [218, 229]}, {"key": "by-the-administrator", "type": "clause", "offset": [230, 250]}, {"key": "dispose-of", "type": "definition", "offset": [287, 297]}, {"key": "the-purchase-price", "type": "clause", "offset": [325, 343]}, {"key": "and-exercise", "type": "clause", "offset": [345, 357]}, {"key": "all-rights", "type": "clause", "offset": [366, 376]}, {"key": "with-respect-to", "type": "clause", "offset": [472, 487]}, {"key": "to-the-administrator", "type": "clause", "offset": [520, 540]}], "samples": [{"hash": "l9dvVamA78", "uri": "/contracts/l9dvVamA78#annuity-contracts", "label": "Trust Agreement (Univision Communications Inc)", "score": 16.0, "published": true}, {"hash": "h0kt1wOhttw", "uri": "/contracts/h0kt1wOhttw#annuity-contracts", "label": "Trust Agreement (Farr Co)", "score": 16.0, "published": true}, {"hash": "gP3sHVTxPLd", "uri": "/contracts/gP3sHVTxPLd#annuity-contracts", "label": "Trust Agreement (Downey Financial Corp)", "score": 16.0, "published": true}], "snippet": "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.", "size": 4, "hash": "1c483ca5c10d6095a364fca321d14f55", "id": 9}, {"snippet_links": [{"key": "a-participant", "type": "clause", "offset": [5, 18]}, {"key": "to-apply", "type": "clause", "offset": [31, 39]}, {"key": "vested-portion", "type": "definition", "offset": [44, 58]}, {"key": "individual-account", "type": "clause", "offset": [68, 86]}, {"key": "purchase-of", "type": "clause", "offset": [98, 109]}, {"key": "annuity-contract", "type": "clause", "offset": [113, 129]}, {"key": "subject-to-plan", "type": "clause", "offset": [131, 146]}, {"key": "select-one", "type": "clause", "offset": [161, 171]}], "samples": [{"hash": "fI43WZExmx1", "uri": "/contracts/fI43WZExmx1#annuity-contracts", "label": "Qualified Retirement Plan", "score": 21.7672710419, "published": true}, {"hash": "2uo7SmP0fHW", "uri": "/contracts/2uo7SmP0fHW#annuity-contracts", "label": "Qualified Retirement Plan", "score": 21.7672710419, "published": true}, {"hash": "fyOGq8eMwZ3", "uri": "/contracts/fyOGq8eMwZ3#annuity-contracts", "label": "Qualified Retirement Plan", "score": 21.3915119171, "published": true}], "snippet": "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)?", "size": 4, "hash": "dbfcd0dff2226179ee5f7a93f8e977e1", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihphbm51aXR5LWNvbnRyYWN0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Annuity Contracts", "parents": [["definitions", "DEFINITIONS"], ["joint-and-survivor-annuity-requirements", "Joint And Survivor Annuity Requirements"], ["life-expectancy", "Life Expectancy"], ["minimum-distribution", "Minimum Distribution"], ["representations-and-warranties-of-ceding-company", "REPRESENTATIONS AND WARRANTIES OF CEDING COMPANY"]], "children": [["", ""], ["employer-contributions", "Employer Contributions"], ["employee-contributions", "Employee Contributions"], ["computation-period", "Computation Period"], ["calculating-vested-interest", "Calculating Vested Interest"]], "size": 108, "id": "annuity-contracts", "related": [["insurance-contracts", "Insurance Contracts", "Insurance Contracts"], ["vendor-contracts", "Vendor Contracts", "Vendor Contracts"], ["prior-contracts", "Prior Contracts", "Prior Contracts"], ["supplemental-contracts", "Supplemental Contracts", "Supplemental Contracts"], ["derivative-contracts", "Derivative Contracts", "Derivative Contracts"]], "related_snippets": [], "updated": "2025-07-17T06:09:22+00:00", "also_ask": ["What key terms must be included to ensure enforceability of annuity contracts?", "How can parties negotiate flexibility in payment schedules or early withdrawal provisions?", "What are the most common legal pitfalls or fatal flaws in annuity contract drafting?", "How do annuity contract regulations differ across key jurisdictions?", "What factors do courts consider when determining the validity of an annuity contract?"], "drafting_tip": "Specify payment terms and duration to ensure clarity; define triggering events to avoid disputes; outline termination conditions to ensure enforceability.", "explanation": "The \"Annuity Contracts\" clause defines the terms and conditions governing annuity agreements between parties, typically outlining the obligations for periodic payments in exchange for a lump sum or series of contributions. This clause specifies how and when payments are made, the duration of the annuity, and any contingencies such as death or withdrawal. By clearly setting out these terms, the clause ensures both parties understand their rights and responsibilities, thereby reducing the risk of disputes and providing financial predictability."}, "json": true, "cursor": ""}}