Cancellation of the Execution Agreement Sample Clauses

Cancellation of the Execution Agreement. The commencement date of the Execution Agreement can be found in your signed statement of agreement. Cancellation possible annually The Execution Agreement is for an indefinite period and can be terminated each year as of 1 January of the following year. It will then terminate as of the preceding 31 December. We will notify one another in advance. A notice period applies. You must cancel before 16 December. Written cancellation must always be by registered mail. You can also cancel by e-mail. The authorised signatory should then sent an e-mail to xxxxxxxx@xxxxx.xx. We will confirm receipt of your cancellation. If we cancel, we will do so before 1 November. We will cancel in writing by registered mail. We will then make the current insurance policies for pension entitlements non-contributory. The insurance policies that have no paid-up value or commutated value will lapse. Insurance policies that we are paying out at that time will continue to be paid out in accordance with the provisions of the Execution Agreement. For the paid-up insurance policies, we guarantee the level of pension benefit that has been paid for. We also guarantee the administrative execution of these insurance policies. In doing so, we adhere to the provisions of the Execution Agreement. Group transfer of accrued benefits in accordance with Section 83 Pensions Act You can request us to transfer the value of insurances to a different pension provider. In the event of a group transfer of accrued benefits to a different pension provider: - we transfer our obligations as pension provider for the pension scheme to the other pension provider; how we do that is explained below; - the costs of the transfer are for your account. If you wish to transfer the value of the insurances to another pension provider, then the following provisions apply. The transfer value will be determined as of the agreed transfer date. The transfer value is equal to the present value of the pension obligations calculated at the net rate principles on which the premium was paid, including a disbursements provision and with a ‘group transfer of accrued benefits interest rate adjustment’. The interest rate adjustment for determining the premium for the retirement and partner’s pension (‘RSC Premium’) is determined and published by us monthly. The ‘group transfer of accrued benefits interest rate adjustment’ is equal to the most recently determined ‘RSC Premium’ (on the transfer date), minus a reduction. The reduction is ...
Sample 1
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Cancellation of the Execution Agreement. The effective date of the Execution Agreement can be found in your signed statement of agreement. Freedom to cancel The agreement is an open-ended contract. You must observe a notice period of two months. For us, the notice period is six months. Cancellation is only possible by registered mail or digitally. The person authorised to sign can send an e-mail to xxx@xxxxx.xx. When you terminate this Execution Agreement, you have the following three options. New Execution Agreement You conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. Create a paid-up policy We create paid-up policies for the current insurance policies and the pension entitlements that have been accrued. For the paid-up insurance policies of the guaranteed pensions, Aegon Leven guarantees the level of pension benefit that has been paid for. The investments for the Investment pension are unaffected. The insurance policies that have no paid-up value or commutation value will lapse. Insurance policies that Aegon Leven is paying out at that time will continue to be paid out in accordance with the provisions of this Execution Agreement. Aegon Leven guarantees the administrative execution of the paid-up insurance policies. In doing so, Aegon Leven adheres to the provisions of this Execution Agreement. For example, we remain entitled to make adjustments to the administration (see Section 5.2). Group transfer of accrued benefits in accordance with Section 83 Pensions Act In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commutation value will lapse; - we transfer our obligations as pension provider for the pension scheme to the other pension provider; - the transfer value is determined and transferred;
Sample 1

Related to Cancellation of the Execution Agreement

  • Cancellation of the Agreement Resident may cancel this Agreement under the circumstances indicated below.

  • Execution of the Agreement The Company, the party executing this Agreement on behalf of the Company, and the Consultant, have the requisite corporate power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder. All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Agreement. This Agreement has been duly and validly executed and delivered by the Company and the Consultant and constitutes a valid and binding obligation, enforceable in accordance with the respective terms herein. Upon delivery of this Agreement, this Agreement, and the other agreements and exhibits referred to herein, will constitute the valid and binding obligations of Company, and will be enforceable in accordance with their respective terms. Delivery may take place via facsimile transmission.

  • CANCELLATION OF AGREEMENT In the event that prior to the Closing Date (a) trading in securities on the New York Stock Exchange generally, or in securities of the Bank in particular, shall have been suspended, or minimum prices established by the New York Stock Exchange, or any new restrictions on transactions in securities shall have been established by the New York Stock Exchange or by the Commission or by any other United States Federal or State agency or by any action of the United States Congress or by executive order to such a degree as, in your judgment as the Representatives, to affect materially and adversely the marketing of the Securities or (b) existing financial, political or economic conditions in Europe, the United States or elsewhere shall have undergone any change which, in your judgment as the Representatives, would materially and adversely affect the market for the Securities, this Agreement and all obligations of the Underwriters hereunder may be canceled at, or at any time prior to, the Closing Date by you, as the Representatives, without liability on the part of any Underwriter to the Bank or of the Bank to any Underwriter, subject to Section 11(e). Notice of such cancellation shall be given to the Bank in writing, or by cable or telephone confirmed in writing.

  • Execution of Agreement The HSP represents and warrants that:

  • Substitution Agreement 36.3.1 The Lenders’ Representative, on behalf of Senior Lenders, may exercise the right to substitute the Concessionaire pursuant to the agreement for substitution of the Concessionaire (the "Substitution Agreement") to be entered into amongst the Concessionaire, the Authority and the Lenders’ Representative, on behalf of Senior Lenders, substantially in the form set forth in Schedule-V.

  • Affirmation of the TBT Agreement 1. Each Party affirms its rights and obligations with respect to each other Party under the TBT Agreement.

  • EXECUTION OF CONTRACT 20.1 Depending on the type of service provided, one of the following methods will be employed. The method applicable to this contract will be checked below:

  • Cancellation of the Contract You are responsible for paying the full Contract Rate for the entire Contract Period, unless the Contract is canceled in accordance with one of the provisions below. Depending on when and how the Contract is canceled, you may owe the University a Cancellation Fee. The “Cancellation Fee” charged by the University constitutes an amount that will compensate the University for the costs it will incur and/or losses it will suffer as a result of your cancellation, which costs and losses are difficult to quantify. As provided in Section III.e. above, your Deposit may be used to partially defray the Cancellation Fee.

  • NEGOTIATION OF A SUBSEQUENT AGREEMENT The parties agree to commence negotiations for a new collective agreement to succeed this Agreement at least 3 months before the nominal expiry date. The parties intend to conclude these negotiations prior to the nominal expiry date. These negotiations shall be conducted on a collective basis between the parties with the negotiated outcome being subject to approval of a vote of the employees collectively.

  • Modification of the Agreement Notwithstanding any of the provisions of this Agreement, the parties may agree to amend this Agreement. No alteration or variation of the terms of this Agreement shall be valid unless made in writing and signed by the parties hereto. No oral understanding or agreement not incorporated herein shall be binding on any of the parties hereto.

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