Death Provision Sample Clauses

Death Provision. If Administrator dies during the Term, the Board shall pay to the Administrator’s estate the compensation which would otherwise be payable to the Administrator up to the end of the month in which the Administrator’s death occurs. The estate shall also be paid for all accrued but unused and unexpired vacation days or sick days.
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Death Provision. If the Owner dies and there is an Investment Back Remaining Withdrawal Benefit Base, and the accumulated value is greater than zero, the beneficiary(ies) may elect to receive the Investment Back Remaining Withdrawal Benefit Base or death benefit under the contract. If Your beneficiary(ies) elect to receive the Investment Back Remaining Withdrawal Benefit Base, We will make payments in an amount and frequency acceptable to Us. TERMINATION We will terminate this rider when one of the following occurs: 1. We receive Your request to terminate the rider (after the 5th Contract Anniversary); 2. the contract terminates; 3. the Investment Back Remaining Withdrawal Benefit Base is zero and the For Life Withdrawal Benefit Base is zero; or 4. the contract Owner is changed. REINSTATEMENT If this rider terminates, it may not be reinstated. Principal Life Insurance Company Des Moines, Iowa 50392-0001 PREMIUM PAYMENT CREDIT RIDER This rider is part of your contract. All definitions, provisions, and exceptions of the contract apply to this rider unless changed by this rider. In the case of a conflict with any provision in the contract, the provisions of this rider will control. This rider must be elected prior to the Contract Date and is effective on the Contract Date. This rider cannot be terminated unless the contract terminates. The charge for this rider is shown on the Data Page. PREMIUM PAYMENT CREDIT During the first Contract Year only, We will credit the accumulated value with an amount equal to 5 percent of the amount of each premium payment on the date each premium payment is applied to the contract. For example, if the premium payment applied to the contract is $10,000, the premium payment credit amount will be .05 x $10,000, or $500. No premium payment credit is given after the first Contract Anniversary. Premium payment credits are allocated in the same proportion as the premium payments are allocated. If You return the contract during the Examination Offer period described on the contract cover, We will recover all premium payment credits. If the value of the premium payment credit has declined during the Examination Offer period, We still recover the full amount of the premium payment credits. Additionally, We will recover the premium payment credits if, prior to the third Contract Anniversary, You request commencement of annuity benefits. Principal Life Insurance Company Des Moines, Iowa 50392-0001
Sample 1
Death Provision. When an Annuitant dies under options 3 and 4, the present value of any remaining guaranteed payments will be paid in one sum or payments will continue at the direction of the Contract Holder, in accordance with the Plan. If a Plan beneficiary dies while receiving Annuity payments, the present value of any remaining payments will be paid in one lump sum as directed by the Contract Holder. The interest rate used to determine the present value for a lump sum payment will be the rate used to determine the first Annuity payment. In no event may any payments to the Plan beneficiary under an Annuity Option extend beyond:
Sample 1
Death Provision. When an Annuitant dies under options 3 and 4, the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary or upon election of the Beneficiary, any remaining payments will continue to the Beneficiary. If a Beneficiary dies while receiving Annuity payments, the present value of any remaining payments will be paid in one lump sum to the Beneficiary's estate. The interest rate used to determine the present value for a lump sum payment will be the rate used to determine the first Annuity payment. In no event may any payments to the Beneficiary under an Annuity option extend beyond: a) The life of the Beneficiary determined as of the date payments are to commence; or b) Any certain period greater than the Beneficiary's life expectancy as determined by regulations under Code Section 401(a)(9) as of the date payments are to begin. However, if a Beneficiary dies while under option 1 or while receiving Annuity payments, the present value of any remaining payments will be paid in one lump sum to the estate of the Beneficiary. The interest rate used to determine the first payment will be used to calculate the present value. 5.05
Sample 1

Related to Death Provision

  • Termination Provisions In this Agreement:

  • Saving Provision If any part of this Agreement is held to be unenforceable, it shall not affect any other part. If any part of this Agreement is held to be unenforceable as written, it shall be enforced to the maximum extent allowed by applicable law.

  • Term; Termination; Survival of Provisions The term of this Agreement shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this section, for twelve (12) months, automatically renewed thereafter for monthly periods unless either Party informs the other in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may be terminated prior to the end of the current term, by mutual written consent of the Parties hereto, or:

  • Savings Provision If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • Termination of Agreement; Survival (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Depositor, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Depositor, Xxxxx Fargo Bank or any other Mortgage Loan Seller whether or not arising in the ordinary course of business, (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of any Underwriter, impracticable or inadvisable to market the Registered Certificates or to enforce contracts for the sale of the Registered Certificates, (iii) if trading in any securities of the Depositor or of Xxxxx Fargo Bank has been suspended or limited by the Commission or the New York Stock Exchange, or if trading generally on the American Stock Exchange or the New York Stock Exchange or on the NASDAQ National Market or the over the counter market has been suspended or limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any of said exchanges or by such system or by order of the Commission, the National Association of Securities Dealers, Inc. or any other governmental authority, (iv) if a banking moratorium has been declared by either federal or New York authorities, or (v) if a material disruption in securities settlement, payments or clearance services in the United States or other relevant jurisdiction shall have occurred and be continuing on the Closing Date, or the effect of which is such as to make it, in the reasonable judgment of such Underwriter, impractical to market the Registered Certificates or to enforce contracts for the sale of the Registered Certificates.

  • Agreement Provisions If the Company, on behalf of any Account, purchases Trust Portfolio shares (“Eligible Shares”) that are subject to a Rule 12b-1 plan adopted under the 1940 Act (the “Plan”), the Company, on behalf of its Distributor, may participate in the Plan. To the extent the Company or its affiliates, agents or designees (collectively “you”) provide any activity or service that is primarily intended to assist in the promotion, distribution or account servicing of Eligible Shares (“Rule 12b-1 Services”) or variable contracts offering Eligible Shares, the Underwriter, the Trust or their affiliates (collectively, “we”) may pay you a Rule 12b-1 fee. “Rule 12b-1 Services” may include, but are not limited to, printing of prospectuses and reports used for sales purposes, preparing and distributing sales literature and related expenses, advertisements, education of dealers and their representatives, and similar distribution-related expenses, furnishing personal services to owners of Contracts which may invest in Eligible Shares (“Contract Owners”), education of Contract Owners, answering routine inquiries regarding a Portfolio, coordinating responses to Contract Owner inquiries regarding the Portfolios, maintaining such accounts or providing such other enhanced services as a Trust Portfolio or Contract may require, or providing other services eligible for service fees as defined under FINRA rules. Your acceptance of such compensation is your acknowledgment that eligible services have been rendered. All Rule 12b-1 fees, shall be based on the value of Eligible Shares owned by the Company on behalf of its Accounts, and shall be calculated on the basis and at the rates set forth in the compensation provision stated above. The aggregate annual fees paid pursuant to each Plan shall not exceed the amounts stated as the “annual maximums” in the Portfolio’s prospectus, unless an increase is approved by shareholders as provided in the Plan. These maximums shall be a specified percent of the value of a Portfolio’s net assets attributable to Eligible Shares owned by the Company on behalf of its Accounts (determined in the same manner as the Portfolio uses to compute its net assets as set forth in its effective Prospectus). The Rule 12b-1 fee will be paid to you within thirty (30) days after the end of the three-month periods ending in January, April, July and October. You shall furnish us with such information as shall reasonably be requested by the Trust’s Boards of Trustees (“Trustees”) with respect to the Rule 12b-1 fees paid to you pursuant to the Plans. We shall furnish to the Trustees, for their review on a quarterly basis, a written report of the amounts expended under the Plans and the purposes for which such expenditures were made. The Plans and provisions of any agreement relating to such Plans must be approved annually by a vote of the Trustees, including the Trustees who are not interested persons of the Trust and who have no financial interest in the Plans or any related agreement (“Disinterested Trustees”). Each Plan may be terminated at any time by the vote of a majority of the Disinterested Trustees, or by a vote of a majority of the outstanding shares as provided in the Plan, on sixty (60) days’ written notice, without payment of any penalty, or as provided in the Plan. Continuation of the Plans is also conditioned on Disinterested Trustees being ultimately responsible for selecting and nominating any new Disinterested Trustees. Under Rule 12b-1, the Trustees have a duty to request and evaluate, and persons who are party to any agreement related to a Plan have a duty to furnish, such information as may reasonably be necessary to an informed determination of whether the Plan or any agreement should be implemented or continued. Under Rule 12b-1, the Trust is permitted to implement or continue Plans or the provisions of any agreement relating to such Plans from year-to-year only if, based on certain legal considerations, the Trustees are able to conclude that the Plans will benefit each affected Trust Portfolio and class. Absent such yearly determination, the Plans must be terminated as set forth above. In the event of the termination of the Plans for any reason, the provisions of this Schedule F relating to the Plans will also terminate. You agree that your selling agreements with persons or entities through whom you intend to distribute Contracts will provide that compensation paid to such persons or entities may be reduced if a Portfolio’s Plan is no longer effective or is no longer applicable to such Portfolio or class of shares available under the Contracts. Any obligation assumed by the Trust pursuant to this Agreement shall be limited in all cases to the assets of the Trust and no person shall seek satisfaction thereof from shareholders of the Trust. You agree to waive payment of any amounts payable to you by Underwriter under a Plan until such time as the Underwriter has received such fee from the Trust. The provisions of the Plans shall control over the provisions of the Participation Agreement, including this Schedule F, in the event of any inconsistency. You agree to provide complete disclosure as required by all applicable statutes, rules and regulations of all rule 12b-1 fees received from us in the prospectus of the Contracts.

  • Incorporation of Separation Agreement Provisions The following provisions of the Separation Agreement are hereby incorporated herein by reference, and unless otherwise expressly specified herein, such provisions will apply as if fully set forth herein (references in this Section 14.7 to an “Article” or “Section” will mean Articles or Sections of the Separation Agreement, and references in the material incorporated herein by reference will be references to the Separation Agreement): Article IV (relating to Further Assurances; Additional Information); Article V (relating to Release; Indemnification; and Guarantees); Article VI (relating to Exchange of Information; Litigation Management; Confidentiality); Article VII (relating to Dispute Resolution); and Article VIII (relating to Miscellaneous).

  • Effect of Termination; Survival If the Service Agreement is terminated, the Provider shall destroy all of LEA’s Student Data pursuant to Article IV, section 6.

  • Special Termination Provisions Notwithstanding the provisions of Paragraph 6 of this Agreement, this Agreement shall terminate upon the occurrence of any of the following events:

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

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