Other Cash Benefits Sample Clauses

Other Cash Benefits. Subject to the limitations provided in Section 5.1, prior to notification of Contract termination, the Contractholder may direct us to make a cash payment from your Participant Account to the Contractholder for the purpose of providing Plan benefits not specifically described in Section 5.2. This Section applies to any withdrawal to pay a Plan benefit payable because of the termination or partial termination of the Plan (as determined under applicable IRS guidelines and judicial precedent), or if the underlying reason for payment of the benefit results in the termination or partial termination of the Plan. If the entire Account Value is withdrawn, the amount paid equals your Withdrawal Value, subject to any charges described in Section 7. In all other instances, your Account Value is reduced by an amount sufficient to make the payment requested and to cover the Withdrawal Charge and any charges described in Section 7. However, despite the previous provisions of this Section, in the first Contract Year in which your Participant Account is established, the Contractholder may withdraw from your Participant Account up to 10% of the sum of your Account Value (determined as of the later of the Contract Date or the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for you during that Contract Year, without application of the Withdrawal Charge. The Contractholder may do the same in the next succeeding Contract Year. In any subsequent Contract Year, the Contractholder may withdraw from your Participant Account up to 10% of your Account Value (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) without application of the Withdrawal Charge.
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Other Cash Benefits. Subject to the limitations provided in Section 5.1, you may direct us to make a cash payment from your Participant Account for the purpose of providing benefits not specifically described in Section 5.2. If the entire Account Value is withdrawn, the amount paid equals the Withdrawal Value, subject to any charges described in Section 8, and minus your outstanding loan balance under the Contract and any unpaid expense charges due on such loans. In all other instances, the Account Value is reduced by an amount sufficient to make the payment requested and to cover the Withdrawal Charge and any charges described in Section 8. P-C-TDAMFVA-GMDB(BR).11

Related to Other Cash Benefits

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which Company or an affiliate of Company may from time to time make available to Employee, Employee shall be entitled to the following during the Employment Term:

  • Other Compensation or Benefits You acknowledge that, except as expressly provided in this Agreement, you will not receive any additional compensation, severance or benefits after the Separation Date.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Vacation; Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Health Benefits Provided that Executive elects continued coverage under federal COBRA law, the Company shall pay the premiums of Executive's group health insurance coverage, including coverage for Executive's eligible dependents, for a maximum period of eighteen (18) months following a Covered Termination; provided, however, that the Company shall pay premiums for Executive's eligible dependents only for coverage for which those eligible dependents were enrolled immediately prior to the Covered Termination. No premium payments will be made following the effective date of Executive's coverage by a health insurance plan of a subsequent employer. For the balance of the period that Executive is entitled to coverage under federal COBRA law, Executive shall be entitled to maintain such coverage at Executive's own expense.

  • Specific Benefits During the term of this Agreement (and thereafter to the extent this Agreement shall require):

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

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