Enterprise Annuity definition
Examples of Enterprise Annuity in a sentence
Upon mutual negotiation, it is agreed that Party B will act as the Account Manager for the Enterprise Annuity Plan of China Life Insurance (Group) Company.
Where any legal heir that is not so identified demands the payment of Enterprise Annuity Benefits, Party B has the right to refuse the execution.
Supplementary Terms for Account Management to the Agreement on Entrusted Management of the Enterprise Annuity Plan of China Life Insurance (Group) Company and Supplementary Terms for Investment Management to the Agreement on Entrusted Management of the Enterprise Annuity Plan of China Life Insurance (Group) Company shall be integral parts of the Agreement and have the same legal effect as the Agreement.
Upon mutual negotiation, it is agreed that Party B will act as the Investment Administrator for the Enterprise Annuity Plan of China Life Insurance (Group) Company and perform the duties of investment management with respect to investment assets entrusted to Party B.
According to such features, it is recommended to set the investment objective of the Enterprise Annuity as putting safety of principal in the first place, and then seeking stable returns and realizing principal preservation and value increase over a long term.
Where a Beneficiary is transferred out of the China Life system with absence of any enterprise annuity or occupational annuity established by his/her new employer, or a Beneficiary goes to school, joins the army or loses his or her job, his/her Personal Account of Enterprise Annuity shall be transferred to a Retained Account.
The Beneficiary is entitled to understand the balance of its personal account of the Enterprise Annuity Funds, and Party A has the right, at the request of the Beneficiary, to ask Party B to provide relevant explanation.
It means all the assets formed by the contributions and operation of Enterprise Annuity, including monetary funds and accrued interest thereof, securities clearing accounts receivable, dividends receivable, trading assets of securities purchased for resale, other receivables, bond investments and accrued interest thereof, fund investments, stock investments, other investments and other assets.
Where it is less than 3 months from the date when the first contribution for the Enterprise Annuity Plan enters into the Custody Account for Entrusted Property, the Entrustee may choose not to submit quarter and annual management reports of enterprise annuity funds.
In case of the Retained Account transferred into the Collective Enterprise Annuity Plan, the account management fee shall be subject to the transfer plan.