Contract Exchange definition

Contract Exchange means any such exchange of annuity contract or transfer of assets between Vendors.
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Contract Exchange means the movement of all or a portion of the assets in a Participant’s Account from one 403(b) contract to another 403(b) contract with a Vendor who is not regularly receiving contributions under the Plan. A Contract Exchange is not an Investment Exchange, rollover or Transfer, and must be made in accordance with applicable law and Treasury Regulations.
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Examples of Contract Exchange in a sentence

  • This means that no payroll contributions will be made and/or funds ever transferred to a 403(b) Payroll Contribution Acceptor or Contract Exchange Provider other than PCA RBI for any participant in the Plan after the above mentioned date.

  • Contract Exchange Compliance RBI will monitor for necessary information sharing agreements among vendors.

  • No Contract Exchange, Direct Rollover, Direct Transfer or 1035 Exchange.

  • In executing the Nationwide Life Group Fixed Retirement Contract (Exchange Transfer Provisions) the City shall elect option #1, the “20% exchange limit”.

  • Notwithstanding clause 4.5, the relevant Purchaser and the Supplier agree that on the written request of the other, they will negotiate in good faith an appropriate adjustment to the Contract Exchange Rate in the event of a major movement in the currency and exchange rate during the term of this Agreement.

  • Please list those Former Payroll Contribution Acceptors and Contract Exchange Providers below, along with the information indicated.

  • The charges as set forth in Exhibit 1 are in U.S. Dollars, shall be converted into foreign currencies at the exchange rate as published in the United States Wall Street Journal, ("Journal") prevailing at the time of execution of this Agreement; the Contract Exchange Rate ("CER").

  • Except as specifically provided in any of the Transaction Agreements, all calculations of liabilities, payments of claims, or reserves, including without limitation for the purposes of calculating the Aggregate Limit, Applicable Reserves, Net SINT Premium and Ultimate Net Loss shall be converted into USD at the Contract Exchange Rate.

  • This is supported by the Preservation Contract, Exchange Support, and ID Management, running in the PoF Middleware which gives the Active System one single point of contact for interacting with several DPS.

  • For purposes of this Article 3 (1) (c) respectively the beginning of a five month period, this Agreement shall be deemed to have become effective on January 1, 2007 so that a new Contract Exchange Rate may be applicable for the first time on February 1, 2008 if the respective conditions for an adjustment are fulfilled.