Participating Contract Sample Clauses

Participating Contract. This is a participating contract. Each year the Company shall determine the amount of divisible surplus, if any, to be apportioned to this Contract. The amount of any such divisible surplus shall be credited to this Contract as dividends, provided this Contract is in force on the date such dividends are to be paid.
Sample 1Sample 2Sample 3See All (10)
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Participating Contract. The contract may participate in our divisible surplus. Divisible surplus, if any, to be apportioned to the contract shall be apportioned annually and shall be paid in cash or credited to your Contract Value at the end of the contract year. No divisible surplus is expected to be apportioned to this contract in the foreseeable future.
Sample 1See All (4)
Participating Contract. The contract may participate in divisible surplus of Penn Mutual. Divisible surplus, if any, to be apportioned to the contract shall be apportioned annually and shall be paid in cash or credited to the Contract Value at the end of the contract year. No divisible surplus is expected to be apportioned to this contract in the foreseeable future.
Sample 1Sample 2
Participating Contract. This is a participating contract. Each year the Company shall determine the amount of divisible surplus, if any, to be apportioned to this Contract. The amount of any such divisible surplus shall be credited to this Contract as dividends, provided this Contract is in force on the date such dividends are to be paid. DIVIDENDS Dividends may be paid out in cash or may be applied to increase the Account Value. If not otherwise elected, dividends shall be allocated to the accounts in the manner most recently elected by the Owner for contributions. Any dividend apportioned but not yet paid upon the death of the Annuitant shall be paid in the same manner as other benefits payable under this Contract. No dividends are anticipated under this Contract. TERMINATION OF CONTRACT At any time that the Account Value under this Contract is zero, this Contract shall terminate. Upon termination of this Contract, the Company shall be relieved of all further liability except with respect to any benefits that had commenced under this Contract on or before the date of termination. At the Annuity Commencement Date, the Company reserves the right to pay the Annuitant a single sum payment in lieu of any annuity benefits, provided any annuity payable to the Annuitant under this Contract would be less than [$50] each month. The single sum payment shall be of an amount that is equal to the Account Value as of the Valid Transaction Date of the payment. If at any time, no contributions have been received under this Contract for three years and the Account Value is less than $2,000, the Company reserves the right to terminate this Contract and pay the Owner the Account Value in a single payment.
Sample 1
Participating Contract. The Company does not expect that any dividends will be payable on this Contract. The Company determines the divisible surplus annually, however, and if it determines the payment of dividends for the Contract is appropriate, the Contract may share in any distribution of the divisible surplus. The Company will determine how much, if any, of the divisible surplus is to be allocated to this Contract based on its contribution to the divisible surplus. If dividends are payable under this Contract, the Company will automatically pay dividends in cash to the Contract Owner at the last known address shown on our records.
Sample 1
Participating Contract. The contract may participate in our divisible surplus. Divisible surplus, if any. to be apportioned to the contract shall be apportioned annually and shall be credited to your Contract Value at the end of the contract year. Dividends will not be paid in cash. No divisible surplus is expected to be apportioned to this contract in the foreseeable future. Any refund of Purchase Payments (other than those attributable to excess contributions) will be applied before the close of the calendar year following the year of the refund toward payment of future premiums or the purchase of additional benefits.
Sample 1
Participating Contract. The Contract may participate in divisible surplus of The Company. Divisible surplus, if any, to be apportioned to the Contract shall be ascertained and apportioned annually and shall be paid in cash or credited to the Contract Value at the end of the contract year. If no election has been made by the Contract Owner, the divisible surplus will be credited to the Contract Value. No divisible surplus is expected to be apportioned to this Contract in the foreseeable future.
Sample 1
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Related to Participating Contract

  • Consulting Contract Follow-On Work: No person or firm or subsidiary thereof who has been awarded a consulting services contact or a contract which includes a consulting component may be awarded a contract for the provision of services, the delivery of goods or supplies, or the provision of any other related action which is required, suggested, or otherwise deemed appropriate as an end product of the consulting services contract. Therefore, any consultant that contracts with a COUNTY agency/department to develop a feasibility study or to provide formal recommendations is precluded from contracting for any work recommended in the study or included in the recommendations.

  • Continuing Contract 10.3.3.1 The second contract for a regular faculty member is the continuing contract for continuing employment. A continuing contract will not be offered to any faculty member who is not deemed to have a Master's degree or equivalent in accordance with the agreed criteria. Those faculty members having a continuing appointment as of August 1975 will not be affected by this clause.

  • Operating Contracts Subject to the rights of the Timeshare Owners' Association as set forth in the Timeshare Documents, no Operating Contract shall be modified, extended, terminated or entered into, without the prior written approval of Agent, if any such modification, extension, termination or new agreement could have a material adverse impact on the operation of the Resort or the Collateral.

  • AWARD NOT A SERVICE CONTRACT Your Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or on the part of the Company or an Affiliate to continue your employment. In addition, nothing in your Award shall obligate the Company or an Affiliate, their respective shareholders, boards of directors, Officers or Employees to continue any relationship that you might have as a Director or Consultant for the Company or an Affiliate.

  • Contract As used in this document, “Contract” (whether or not capitalized) shall, unless the context requires otherwise, include this document and all incorporated Exhibits, which set forth the entire understanding of the Parties and supersedes all prior agreements. All modifications to this Contract must be in writing and signed by all Parties. All Contract Exhibits listed below are incorporated in their entirety into, and form part of, this Contract. The Contract document and Exhibits shall have priority in the following order:

  • Prime Contract This Subcontract is made in order to assist the Investment Manager in fulfilling certain of the Investment Manager’s obligations under each investment management and investment advisory agreement (“IM Agreement”) between the Investment Manager and each Trust listed on Exhibit A hereto (the “Trust”), for itself or on behalf of each of its series listed on Exhibit A (each, a “Fund”).

  • Existing Contracts Billing terms and provisions contained in existing contracting entity agreements (existing as of the date this policy is approved by the Board of Supervisors) shall remain in effect for the life of the contract. However, when these existing contracts are renegotiated, they shall contain the billing provisions as set forth in this policy.

  • Service Contract The Parties intend this Agreement to be a "service contract" within the meaning of Section 7701(e)(3) of the Internal Revenue Code of 1986.

  • SUB-CONTRACTING 31.1. The Authority approves the appointment of the sub-contractors specified in Schedule 10 (Approved Sub-contractors) in respect of the obligations specified in that Schedule.

  • Continuing Contracts A. A continuing contract is a contract that remains in effect until the teacher resigns, retires, or until it is terminated or suspended.

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