Conditions of Payment to Payee Sample Clauses

Conditions of Payment to Payee. Subject to the provisions of Section 9.8, payments will only be made if then available to the Payee under the terms and provisions of the Plan and the Code sections governing the Plan as determined by the Group Contractholder. Approved distributions shall be effective on the later of: (a) the date elected; or (b) the date the Request is received at the Administrative Offices of the Company. In no event shall rollovers be allowed either into or out of a non-qualified deferred compensation plan. Signed for Great-West Life & Annuity Insurance Company on the Group Annuity Contract Date. President and Chief Executive Officer -------------------------------------------------------------------------------- Endorsement for Section 457(b) Non-governmental Tax-Exempt Employer Plans -------------------------------------------------------------------------------- Attached to and Forming a Part of ================================================================================ The Group Annuity Contract This Endorsement is made a part of the Group Annuity Contract to which it is attached. It is effective on the Group Annuity Contract Date. It is subject to all the exclusions, definitions and provisions of the Group Annuity Contract that are not inconsistent with this Endorsement. The Group Annuity Contract and Application are intended to conform to section 457(b) of the Code. The following changes shall be made to the Group Annuity Contract:
Sample 1
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Conditions of Payment to Payee. Subject to the provisions of Section 9.8, payments will only be made if then available to the Payee under the terms and provisions of the Plan and the Code sections governing the Plan as determined by the Group Contractholder. Approved distributions shall be effective on the later of: (a) the date elected; or (b) the date the Request is received at the Administrative Offices of the Company. Such payment will be distributed to the Payee, transferred to another eligible plan, or directly rolled over to an eligible retirement plan or IRA as indicated on the approved distribution form.
Sample 1

Related to Conditions of Payment to Payee

  • Conditions to Payment All payments and benefits due to Executive under this Section 6 that are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, or revocation thereof, shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

  • Conditions to the Obligations of Seller The obligation of Seller to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions, any one or more of which may be waived in writing by Seller:

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • Conditions to Obligations of Each Party The respective obligations of each Party to perform this Agreement and consummate the Merger and the other transactions contemplated hereby are subject to the satisfaction of the following conditions, unless waived by both Parties pursuant to Section 10.6:

  • Conditions to Obligations of Company The obligation of Company to effect the Merger is also subject to the satisfaction or waiver by Company at or prior to the Effective Time of the following conditions:

  • Conditions to Obligations of Seller The obligations of Seller to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Seller’s waiver, at or prior to the Closing, of each of the following conditions:

  • Conditions to Obligations of the Company The Company’s obligation to sell and issue the Shares and the Warrants at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions to the Obligations of the Company The obligations of the Company to consummate the Merger are subject to the satisfaction or waiver (where permissible) of the following additional conditions:

  • Conditions to Obligations of Parent The obligation of Parent to effect the Merger is further subject to satisfaction or waiver of the following conditions:

  • Conditions to the Obligations of Sellers The obligations of Sellers under this Agreement are, at their option, subject to the fulfillment of the following conditions prior to or at the Closing Date:

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