AUTOMATIC RETENTION LIMITS Sample Clauses

AUTOMATIC RETENTION LIMITS. Life Insurance: Maximum Retention Limit ------------------------------ Issue Ages (Youngest age) Amount ------------------------------ 0-75 $1,000,000.00 ------------------------------ 76-85 100,000.00 ------------------------------ 86+ 0 ------------------------------ For joint plans, determine the retention amount for each life and use the larger of the two amounts.
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AUTOMATIC RETENTION LIMITS. Ceding Company shall retain an amount equal to its proportional share as determined by the percentage retained on the Base Policy.
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AUTOMATIC RETENTION LIMITS i. Life Insurance: AGES LIMITS ---- ------ ALL 20% of policy face amount
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AUTOMATIC RETENTION LIMITS. LIFE INSURANCE: For second-to-die policies CEDING COMPANY shall retain up to $3,000,000 per life for an aggregate $6,000,000 retention on both lives. If an Estate Preservation Rider is issued on the life, CEDING COMPANY's retention will be adjusted when the Estate Preservation Rider expires. If the total net amount at risk under the Estate Preservation Rider plus the net amount at risk under the base plan and other riders exceeds National Life's retention of %6 million at the time of issue, then CEDING COMPANY will retain the same proportionate share of the total net amount at risk before and after the expiration of the Estate Preservation Rider. For example: Base Plan $4,000,000 Estate Preservation Rider $4,000,000 Other Riders $2,000,000 ---------- Total Net Amount at Risk $10,000,000 SCHEDULE A.1, CONTINUED CEDING COMPANY's Proportionate retention is 60% ($6,000,000/$10,000,000). Therefore, CEDING COMPANY will retain 60% of the net amount at risk remaining after the expiration of the Estate Preservation Rider.
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AUTOMATIC RETENTION LIMITS. 5. Automatic Acceptance Limits
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AUTOMATIC RETENTION LIMITS a. Life Insurance: [Redacted]
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AUTOMATIC RETENTION LIMITS. For joint plans, determine the retention amount for each life and use the larger of the two amounts. ISSUE AGES STANDARD - TABLE H TABLES I AND HIGHER --------------------------------------------------------------------------------------------- 0 $ 500,000 $ 250,000
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AUTOMATIC RETENTION LIMITS 
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Related to AUTOMATIC RETENTION LIMITS

  • RETENTION LIMIT CHANGES If the Company changes its retention limits, it will provide the Reinsurer with written notice of the new retention limits and the effective date. A change to the Company's Retention Limits in Exhibit D will not affect the Reinsured Policies in force at the time of such a change except as specifically provided for elsewhere in this Agreement.

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Deduction Limitation on Benefit Payments If the Bank reasonably anticipates that the Bank’s deduction with respect to any distribution under this Agreement would be limited or eliminated by application of Code Section 162(m), then to the extent deemed necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible, the Bank may delay payment of any amount that would otherwise be distributed under this Agreement. The delayed amounts shall be distributed to the Executive (or the Beneficiary in the event of the Executive’s death) at the earliest date the Bank reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m).

  • Minimum Benefits If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant to this Section 4(a) shall be provided within 30 days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be provided in accordance with the terms of the applicable plan, program or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following the Termination Date for purposes of any plan, program, or arrangement.

  • Automatic Early Termination The "Automatic Early Termination" provision of Section 6(a) will not apply to Party A or Party B.

  • Automatic Renewal Upon the expiration of the original term or any renewal term of employment, Employee’s employment shall be automatically renewed for a one (1) year period unless, at least sixty (60) days prior to the renewal date, either party gives the other party written notice of its intent not to continue the employment relationship. During any renewal term of employment, the terms, conditions and provisions set forth in this Agreement shall remain in effect unless modified in accordance with Section 8.

  • Exclusion from Compensation Calculation By acceptance of this Agreement, you shall be deemed to be in agreement that the Units covered hereby shall be considered special incentive compensation and will be exempt from inclusion as “wages” or “salary” in pension, retirement, life insurance and other employee benefits arrangements of the Company and its Affiliates, except as determined otherwise by the Company. In addition, each of your beneficiaries shall be deemed to be in agreement that all such shares be exempt from inclusion in “wages” or “salary” for purposes of calculating benefits of any life insurance coverage sponsored by the Company or any of its Affiliates.

  • Change in Control Benefit If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Change in Control Benefits Agreement shall mean any separate agreement between Participant and the Corporation which provides Participant with special vesting acceleration and/or other special benefits with respect to one or more awards of restricted stock units made to Participant for shares of Common Stock, including (to the extent applicable) the restricted stock units evidenced by this Agreement, in the event of a change in control or ownership of the Corporation (whether or not constituting a Change in Control hereunder).

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