GS Annuity Sample Clauses

GS Annuity. The Company shall be responsible for the sale of the GS Annuity through selling broker-dealers and their affiliated insurance agencies which have entered into a selling agreement for the GS Annuity with the Company and American Express Service Corporation in accordance with the terms of the Wholesaling Agreement dated February 1, 1999, by and among the Company, the Distributor, American Express Service Corporation and Xxxxxxx Sachs Insurance Agency, Inc. The Distributor, in its capacity as exclusive wholesaler, shall be fully responsible for developing, implementing, and managing the marketing program for, and marketing, the GS Annuity. The parties will administer and service the GS Annuity as set forth in section 5.2 (a) in accordance with federal and state law and will allocate expenses as between the Company and the Trust as set forth in Sections 7.3 and 7.4. The Company, through its agreements with selling broker dealers, shall ensure that each sale of a Contract satisfies applicable suitability requirements under insurance and securities laws and regulations, including without limitation the rules of the NASD. The Company shall adopt and implement procedures reasonably designed to ensure that information concerning the Trust and the Distributor that is intended for use only by brokers or agents selling the GS Annuity (i.e., information that is not intended for distribution to Contract Owners or offerees) is so used.
Sample 1
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GS Annuity. The Distributor shall be responsible for designing and paying for all marketing materials that relate to the GS Annuity or the Funds. However, no marketing material created by the Distributor can be used to solicit sales of the GS Annuity without the prior written consent of the Company, which consent shall not be unreasonably withheld. The Company shall use its best efforts to review all marketing materials submitted by the Distributor for approval, and provide a written response to such marketing proposals, within 10 calendar days or a reasonable period of time after receiving such marketing material; provided, however, that the Distributor shall not interpret a lack of response by the Company within such time period as approval to use such proposed, but unapproved, marketing material to solicit sales of the GS Annuity. The Company shall be responsible for approving and amending, if required, the annuity and insurance related content of all GS Annuity marketing material. After such approval by the Company, the Distributor shall be responsible for making any required filings of such marketing material with the NASD and the Company shall be responsible for making any required filings of such marketing material with State Insurance Departments. The Distributor and the Company shall cooperate to address comments from the NASD or Sate Insurance Departments regarding marketing materials that have been filed pursuant to this Section 5.6. The Distributor shall be responsible for the accurate reproduction of this content. The Company is responsible for providing the content for the annuity application, replacement forms, "Procedures and Resource Manual" and all forms in the new business kits for the GS Annuity. The Distributor is responsible for obtaining the Company's approval of these forms after graphic layout, obtaining NASD approval, as applicable, and printing these materials. The Distributor is also responsible for providing these new business kits (including the GS Annuity prospectus supplied by the Company to the Distributor) to agents that are appropriately insurance licensed and appointed with the Company. The Company is responsible for preparing, printing and mailing the GS Annuity Contract to new contract owners and providing all on-going service forms to contract owners as part of servicing the annuity contract.
Sample 1

Related to GS Annuity

  • Life Annuity The monthly annuity shall be payable to the annuitant for as long as the annuitant lives, and shall end with the last monthly payment before the death of the annuitant.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply.

  • Qualified Joint and Survivor Annuity An immediate annuity for the life of the Participant with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the annuity which is payable during the joint lives of the Participant and the spouse and which is the amount of benefit which can be purchased with the Participant's vested account balance. The percentage of the survivor annuity under the Plan shall be 50% (unless a different percentage is elected by the Employer in the Adoption Agreement).

  • JOINT AND SURVIVOR ANNUITY The Advisory Committee must direct the Trustee to distribute a married or unmarried Participant's Nonforfeitable Accrued Benefit in the form of a qualified joint and survivor annuity, unless the Participant makes a valid waiver election (described in Section 6.05) within the 90 day period ending on the annuity starting date. If, as of the annuity starting date, the Participant is married, a qualified joint and survivor annuity is an immediate annuity which is purchasable with the Participant's Nonforfeitable Accrued Benefit and which provides a life annuity for the Participant and a survivor annuity payable for the remaining life of the Participant's surviving spouse equal to 50% of the amount of the annuity payable during the life of the Participant. If, as of the annuity starting date, the Participant is not married, a qualified joint and survivor annuity is an immediate life annuity for the Participant which is purchasable with the Participant's Nonforfeitable Accrued Benefit. On or before the annuity starting date, the Advisory Committee, without Participant or spousal consent, must direct the Trustee to pay the Participant's Nonforfeitable Accrued Benefit in a lump sum, in lieu of a qualified joint and survivor annuity, in accordance with Section 6.01, if the Participant's Nonforfeitable Accrued Benefit is not greater than $3,500. This Section 6.04(A) applies only to a Participant who has completed at least one Hour of Service with the Employer after August 22, 1984.

  • Tax Sheltered Annuity Voluntary adjunct employee salary reductions for Internal Revenue Code Section 403(b) tax-sheltered annuities and 457(b) deferred compensation shall be available to adjunct employees covered by this Agreement. Contracts shall be arranged individually through the Office of the Executive Vice President for Finance and Administrative Services or designee subject to regulation by the College.

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Annuity Plan Teachers will be eligible to participate in a “tax sheltered” annuity plan established pursuant to United States Public Law No. 87-370.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

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